Voltaire's 1764 book Dictionnaire Philosophique quotes an Italian proverb, "Le meglio è l'inimico del bene," which translates to "The best is the enemy of the good." Two variants of this maxim can contribute to the conduct of American foreign policy.
I understand Goldman Sachs is prepared to make me a much bigger monetary offer with princely status and perks. I also understand that you exert influence over international trade, country treasurers, and central bankers. You enjoy perks and tax advantages beyond members of the royal family.
The stable economy where people had a job for life is over; the future is more unpredictable than ever, and it makes our rear-view based perception of the world something we must question. We can no longer build for yesterday.
It is not often that a daily newspaper is able, in just one edition, to capture so many previously-unlikely domestic developments.
Austerity is not a cure to the solvency crisis. It cannot and should not be considered a sustainable way out. What Greece and the rest of Europe need right now are leaders who can lead, instead of leaders trying to sugarcoat the issues in hopes of averting opposition from the people.
This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.
Markets around the world are beginning to recover from the financial crisis, for which we can all be thankful, but now is not the time to count our bonuses and pat ourselves on the back.
Nothing the Greek people have done merits the ongoing and systemic destruction of their lives and livelihood. The Troika's program is not helping the economy and is dangerous politically.
There should be no incentive on any side to use exchange rates as a means to alter competition. Italy needs America to maintain a solid position in Europe, and the U.S. needs Italy actively to favor the proposed TTIP.
Respected economist John Kay is about to make a public statements which essentially says that the world economy is a ticking time bomb and global markets are a lit fuse.
Scott Walker and his tea party cohorts bought the snake oil of austerity. They forced the Badger State to drink it. And Wisconsin's families are suffering because the governor ignored the evidence that it is a toxic brew.
March 16 of this year I received a letter from Bank of America: "Although you have missed several of your monthly payments, it is not too late to get help. Please act quickly before time runs out." I suppose 40-odd missed payments can safely be counted as "several." But time running out? Methuselah should have such a surplus.
The wages of sin -- in the minds of Europe's born again Puritanical elites who observe the caveat that financial elites have a special dispensation from the Heavenly Father who already have squeezed through the eye of the needle.
Has the New York Times ever had Krugman spend two hours educating its financial reporters about austerity and the euro's design defects? That would be one of the best investments it could ever make in raising the quality of its reportage on these issues.
The current crisis is an opportunity in disguise. If the European leaders seize the chance, they can improve competitiveness and thereby living standards in the south and east, while increasing the legitimacy of the EU at the same time.
From Prime Minister Mariano Rajoy to the king's son-in-law, Spain faces of a crisis of leadership, consumed by economic corruption and scandals born of greed.