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How Wall St. Enabled Unsustainable European Welfare States
For all the benefits of uniting Europe with one currency, the birth of the euro came with an original sin: countries like Italy and Greece entered the monetary union with bigger deficits than the ones...
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Forget Greece: Europe’s real problem is Germany
Germans look at the current crisis and blame their spendthrift Mediterranean neighbors for using the cover of the euro to rack up public and private debts that they now cannot support. They blame hedge...
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Trends In The Spread of Civilization
In his latest book, Civilization, The West and the Rest, the economic and financial historian Niall Ferguson argues that Western civilization’s rise to global dominance over the past 500 years was due...
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Europe’s Other Crisis – Immigration
The EU is a project pursued with unstinting energy by a generation of utopians, to replace accountable national governments with a more distant authority that manages to be simultaneously sinister and...
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No free beer when frugal Swiss get their say
Swiss research shows that giving citizens a direct say over how their taxes are spent leads to lower public debts, more cost-efficient services and even less tax evasion. “Because Swiss citizens feel...
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The Empire Strikes Back
Yale Prof. Charles Hill sees two very different kinds of challenges to the liberal, state-based world order. One, the aggressive kind, is exemplified by China. The other, very different, can be seen in...
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What world can teach U.S. about entitlements
Entitlement Lessons From Abroad A new report, by the Center for Strategic and International Studies, notes that many countries have recently enacted reforms that have trimmed benefit formulas, raised...
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Europe’s New Medieval Map – WSJ
As the EU continues to fracture, this power vacuum could create a 21st-century equivalent of the late Holy Roman Empire: a rambling, multiethnic configuration that was an empire in name but not in...
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