Glasner on Merkel’s Legacy

by Andreas Hoffmann I enjoy reading David Glasner's commentaries. But his latest post, "What Hath Merkel Wrought?", is absolutely misleading (with regard to Merkel and German elections). I will not hide that I disagree with David Glasner concerning the best policies for a prosperous EMU. But that's not the point here. In the last four … Continue reading Glasner on Merkel’s Legacy

Angela Merkel Continues Her Reisistance to “Crass Keynesianism”

by Mario Rizzo Macro-policy economists are in a bad way. They cannot stand dissent. The New York Times reports that Angela Merkel's government refuses to start spending as if it were going out of style. She sees the current crisis as the result of distortions caused by excessive and misdirected credit. Paul Krugman has also expressed frustration … Continue reading Angela Merkel Continues Her Reisistance to “Crass Keynesianism”

Interesting Idea from Angela Merkel in Swabia

by Mario Rizzo The German Chancellor Angela Merkel is resisting pressures to follow the stimulative fiscal policy of engaging in deficit spending. The Wall Street Journal in its December 2nd edition says: The root of the global financial and economic crisis in known to every Swabian housewife, Ms. Merkel said: "You can't keep on living beyond … Continue reading Interesting Idea from Angela Merkel in Swabia