This is Horrible, but it’s No Coup: Why the Greek Deal is Democratic

Greek Prime Minister Alexis Tsipras has betrayed the people of Greece by agreeing to the troika’s austerity demands. The deal is terrible and will unnecessarily inflict additional mass suffering on Greece’s unemployed (25%), youth unemployed (50%), and children living in poverty (40%). Many well-intentioned people have participated in the hashtag #ThisisaCoup, accusing the EU of overriding democracy. While I share the frustration and anger, it’s very important that we understand that this is precisely the way European voters insisted that policymakers design the European Union to work. It is the voters of Europe who have inflicted this travesty of justice upon the continent.

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Piketty is Right: The Germans Never Repaid Their Debts

I recently read a fantastic exchange between the German newspaper Die Zeit and French economist Thomas Piketty. Here is the original in German–there is an English translation by Gavin Schalliol, but at the time of writing Zeit is disputing Schalliol’s right to publish it. Fortunately, copies of the English translation have shared elsewhere on the web. In the exchange, Piketty makes a point that is seldom made–Germany itself is a direct beneficiary of the debt forgiveness and currency devaluation policies Keynesian economists are recommending for Greece.

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Greece Should Dump the Euro

The Greek government has decided to hold a referendum on whether or not to agree to the austerity and neoliberal reforms demanded by the troika (the IMF, the ECB, and the EU). The Prime Minister, Alexis Tsipras, has implied that if Greeks vote for austerity, he might resign. I’ve written about the negotiations between Greece and the troika in the past. Since then, events have unfolded and it’s now time for Greece to make good on its threat and dump the Euro. Here’s why.

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Candidate Evaluations: Bobby Jindal

Bobby Jindal has decided to run for president, so let’s do another candidate evaluation. I’ll be evaluating Jindal’s background, policy history, and explicit statements to determine whether or not he would make a good president. I won’t be paying attention to electability or likeability, as is often common elsewhere on the web. Continue reading “Candidate Evaluations: Bobby Jindal” →

Candidate Evaluations: Jeb Bush

Jeb Bush is finally officially running for president. He delayed a while so that he could set up his super-PAC, Right to Rise. Bush plans to outsource the operation of his campaign to Right to Rise so that he can circumvent existing campaign finance laws. There is no limit to the size of donations to super-PACs, and donors can remain anonymous. Legally, all Bush has to do is ensure that no member of his campaign directly operates the super-PAC. In any case, let’s look at the guy, shall we? I’ll be evaluating Bush’s background, policy history, and explicit statements to determine whether or not he would make a good president. I won’t be paying attention to electability or likeability, as is often common elsewhere on the web.

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