Monthly Archives: March 2013

3 Types of Contagion and What They Mean for the Global Economy

In one of a few early hints that Europe might surprise the world with its Cyprus bailout, on February 10th the Financial Times leaked the content of a secret EU memo. It reported that bank depositor haircuts were among three … Continue reading

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Here’s How You Could Have Predicted Cyprus

We’ve known for awhile that the Cyprus bailout would be different to those that came before, but did anyone expect it to be this different? Let’s set aside the past week’s events for a moment and consider the bumbling March … Continue reading

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Answering the Most Important Question in Today’s Economy

This is the second article in a series I’ve called “7 Fallacies About the Lengths of Things.” I’m answering seven questions in the diagram below, choosing from the possible answers on the right-hand side. In this article, I’ll consider the risk that … Continue reading

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7 Fallacies About the Lengths of Things

People often misstate the dimensions of things, and lengths can be especially prone to exaggeration. But fortunately, we have ways of revealing exaggerations. We just need to find the right data and the best way to look at it, which … Continue reading

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One Blogger’s Word Association for Crony Capitalism

This is my sixth word association in a series of articles called “Seven Deadly Sins of the Government Debt Debate.” I’ve been cataloging the many ways that government budget projections mask the true severity of our debt problem. And I’ve added the … Continue reading

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