Austerity

11/11/1987 President Reagan meeting with Judge Anthony Kennedy in the Oval Office

Kennedy Replaces the “Laws of Nature” with His Own

Same-sex "marriage" advocates will heartily celebrate July 4 this year, thrilled with the possibilities in the New America they’re creating in their own image. They will be especially grateful to Anthony Kennedy and the four liberal justices who gave them gay "marriage" by assuming unto themselves what Thomas Jefferson two-and-a-half centuries ago called “the Laws [...]

“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 [...]

MENU