Why Is British Economic Discourse So Bad? – Paul Krugman – NYTimes.com

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

This article by Nobel Prize winning, liberal, economist, Paul Krugman, writing in his op-ed NYT blog, is well worth a read. Check it out!

via Why Is British Economic Discourse So Bad? – NYTimes.com.

Let me give you a flavor:

Anyway, the sad result is that Britain is going into an election with bad, foolish economics not simply getting a hearing, but being presented by the news media as obvious, unchallengeable truth.

Thoughts?

Financial Crisis and War by Harold James – Project Syndicate

English: Exterior of the Princeton University ...

English: Exterior of the Princeton University Chapel. (Photo credit: Wikipedia)

This is a somewhat worrying story from Harold James published by Project Syndicate. This is a MUST READ article, in my view. Check it out!

via Financial Crisis and War by Harold James – Project Syndicate.

Harold James is Professor of History and International Affairs at Princeton University and Professor of History at the European University Institute, Florence. He’s a specialist on German economic history.

The historical analysis is really interesting but it’s important remember that other historians see matters very differently. The parallels between 2014 and 1914 are quite sobering but it’s important to remember that history is a poor predictor of the future.

On the other hand, the story will certainly appeal to conspiracy theorists. No doubt they will be citing the French ban on Mercedes cars which is provoking German fury according to the FT.

Any thoughts?

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