While we are busy paying attention to the 550th edition of Republican-caused fake crises (aka the sequester), a much more real crisis is brewing in the Eurozone. Richard Field at…

…but have not fared any worse than many members of the Eurozone. Their decision not to enter the Eurozone itself is interesting and worth further analysis. But none of them…

…the monetary union as “incomplete and imperfect.” On the one hand, its members have sovereign powers that include issuing debt; on the other hand, they do not have the risk-sharing…

…numbers in comparison tell a Phillips Curve story.  On the one hand indeed inflation in the US is now about 2% higher than in the eurozone; 7.9% compared to 5.9%….

…had been wrong and that the Euro worked fine. The next year there was the Greek debt crisis with contagion to other Eurozone countries and not outside of the Eurozone….

…it’ll do). As the currency tumbled, Q2 nominal export income grew quickly over the quarter for the top 5 economies in the Eurozone: Germany, 6% France, 4.6% Italy, 8.3% Spain,…

The Eurozone experiment in austerity continues to fail as the peripheral countries endure ongoing cuts. Following up on my post of August 15, it’s time to look at the most…

…finding relates to private debt levels prior to such crises, and how those debt levels relate the depth and duration of the ensuing recession. They conclude that: 1. Higher private…

…decline in nominal Federal debt.) Here’s the U.K.: David Graeber, from Debt: The First 5,000 Years: The reader will recall that the Bank of England was created when a consortium…

…2010 debt. That was computed by taking the debt in December (in September 2010 dollars) of each President’s last year in office, and, assuming the rate at which debt had…