One day this week two things happened in Spain. Its banks received another bailout to help “save” them. And the government announced crushing new austerity measures in the form of reduced services, worker firings, and higher taxes. One might easily Continue reading
I look at the world’s economic problems these days and my mind turns to poetry. I think of W.H. Auden’s tragically appropriate poem, September 1, 1939, which speaks of “…hapless governors wake/to renew their compulsory games/who can release them now…” Continue reading
I had a dream the other night, It really gave me quite a fright; The IMF came ‘round to call, To say my spending had to fall. “You’re daft,” I cried, “I’m Mr. Big,” It’s me for whom the rules Continue reading
The economy is back. It’s rolling, baby. I know this because the experts on Wall Street and in Washington have all detected signals that a recovery is now well and truly underway. The stock market, a harbinger of economic news Continue reading