Greek PM: 13 and Counting
The last 13 tweets by Greece’s pm have been exclusively in Greek. Normally he follows a Greek tweet with an English translation. Not now. What’s he trying to hide? I can read a little Greek, but this...
View ArticleIt’s Greek to Me
It’s Greek to me. The Greek prime minister is on Twitter. I follow him. Usually his tweets are in Greek followed a few minutes later by the English translation. Saturday, there were 13 consecutive...
View ArticleGrexit? Why Not Dexit?
“Grexit” is the term coined by Linda Yueh as shorthand for Greece leaving the euro zone. But a letter to the editor in a the May 26 Wall Street Journal proposes a different solution. If Germany left...
View ArticleA New Eurozone Conspiracy Hypothesis
In today’s New York Times, business columnist Floyd Norris proposes a new eurozone0 conspiracy hypothesis: suppose the ongoing eurozone crisis was actually planned all along by Germany.[1] Better sit...
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Money, Income, and Wealth
Money, income, and wealth are three words familiar to everyone. People often use them interchangeably. But to economists these three words have very different meanings. My goal is to explain what...
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Germany Harmonizes With Other European Countries
Angela Merkel “Harmonization” has been a key word in discussions of European integration. In the past this has usually meant talking about tax regimes in the different countries, with Ireland’s low...
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DExit Revisited
No Euro (Image is from the Adesso Fuori Dai Coglioni (AFDC) initiative “Referendum ‘No Euro’ E’ Iniziata la Raccolta Firme”...
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Global Interest Rates
The other day, someone I regularly read on Twitter (@DividendMaster) noticed something interesting about interest rates, specifically ten-year government notes in OECD countries.[1] (As always, my...
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Advent of the Southern Euro
Drachma and Euro [Update 2 June 30, 2015, 1:35 pm with comment and image via Neil Wilson (@neilwilson).] [Updated June 30, 2015 1:20 pm left-coast time GMT -8 with two new comments from joao.] In his...
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The Best Take on Greece
(click for larger image) This is the best take on Greece that I have seen. Warning: NSFW (language). Quoting the last few paragraphs, Europe’s creditors are behaving exactly as one might naively...
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