by Dirk Ehnst This proposal by Warren Mosler, via Randall Wray, is probably too short to be considered useful. Be your own judge, take your time and eat this: 1. The Greek government would announce that it will begin taxing exclusively in the new currency. 2.… more »

by Michael Pettis In China economists are watching the spectacle in Europe, China’s largest export market, with rising dread. Might European deterioration affect Chinese growth? October and November tend to be very important months for Chinese exp… more »

by Guest Author Fabius Maximus Summary: The strong often believe that the weak have no choice but to stay in the game (however rigged) and accept whatever cards they’re dealt. While logical, the weak often have the ability to turn the tables. So it is with creditor nations, who oft… more »

by Jon Chait With great drama, the EU announced a package of measures designed to end the current fiscal crisis sweeping Europe.  Most economists polled are cautious as to whether the plan will work.  As with everything with the EU, it is one step for… more »

by Elliott Morss Introduction                The “Euro Crisis” is worrying everyone. Concerns include the future of the Eurozone, bank exposures, political uncertainties, and more generally, Chaos. Little attention is being given to the problems… more »