Austerity

iran-guard-war anniversary Sept 22_2011 (Reuters)

Will Iran Replace ISIS?

If ISIS is defeated in Iraq and Syria, it’s likely that the Western world will breathe a collective sigh of relief. Many will assume that with the defeat of the supposedly un-Islamic Islamic State, things will return to normal—or, at least, to what passes for normal in the Middle East. As long as the beheadings, [...]

“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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