Your Friendly Neighborhood Economist

I’d estimate that the bailout cost me tens of dollars in interest over the last five years.Your mileage may vary, of course.

More “shared” sacrifice for Greeks. The people sacrifice while the bankers share the rewards.

I think the mistake that Bernstein is making here is the assumption that policy-makers in Europe or the US are actually trying to improve employment. Judging by their actions, not their words, it’s hard to conclude that they’re doing anything other than trying to please the emperors of finance.

Putting out the fire with gasoline.

meanwhile …