Austerity

ISIL: The gravest threat in Iraq and Syria

It’s Time to Take the Islamic State Seriously

Islam has no central or definitive body or figure authorized to define what exactly it is. Opinions about its essence and scope vary widely according to the political or philosophic background of its own interpreters. The current effort to establish an Islamic State, with a designated Caliph, again to take up the mission assigned to [...]

“Talibans of Austerity”

A sentence in the French newspaper Le Monde recently caught my eye: Il y aura toujours des talibans de l’austérité, there will always be the Talibans of austerity. It was uttered by the economist Jean Pisani-Ferry in an interview in the newspaper about the crisis in the Euro zone, and it made me think at [...]

Britain, “Austerity,” and the Lessons of Economic History

Economists and pundits alike are going wild over the United Kingdom’s recent “double dip” recession. The 2008-09 recession prompted the election of a conservative coalition led by Prime Minister David Cameron. Cameron decided the best path for economic recovery was “austerity,” a program of reduced government spending and smaller government debt. The new coalition—with the [...]

Greek Youth Getting Back to Basics

A couple of weeks ago a retired Greek pharmacist shot himself outside the country’s parliament in protest at austerity measures that include major cuts to pensions. But alongside this story of despairing protest comes news of youths who are adapting to their country’s plight by getting back to basics. Applications to the American Farm School [...]

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