Tag Archives: european central bank

Cynics and the Big Fat Greek Default

“Crito, we owe a rooster to Asclepius.  Please don’t forget to pay the debt,” were the final words of Socrates.  He uttered them shortly after downing poison hemlock in 399 BC, in fulfillment of his death sentence for corrupting the … Continue reading

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Monkey Economics

Despite the advent of the tablet phone and microwave kettle corn, there are still rudimentary evolutionary responses hardwired into the core of the human psyche.  During moments of failing they take over and suppress clear thinking.  How else can one … Continue reading

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The Beginning of the End for the European Union

The European Central Bank initiated a new mass money debasement scheme yesterday.  If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds.  Somehow this is supposed to improve the economy. No doubt, the European … Continue reading

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Chasing the Wild Goose

Occurrences of rich irony are to be savored like fine wine.  Each sip makes one feel smarter, younger, and wealthier too.  So, too, they should not be wasted…lest they turn to vinegar. Today we pause a moment for appreciation.  A … Continue reading

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