Transatlantic pundits

During the twenties of the last century Irving Fisher was an acclaimed economist, comparable only to Paul Samuelson or Joseph Stiglitz in our time. Like virtually all economists of international repute, he tended to be wrong – indeed fundamentally so. As late as October 1929, he reassured investors with his prophecy that their money would be perfectly secure in Wall Street. A few days later the world was horrified by Black Friday. (1) Transatlantic pundits weiterlesen

The ugly German – return of a ghost long thought to be dead

Does he really deserve these accusations, this hatred, these comparisons with and incantations of a Fourth Reich? In Greece, Germany has become the enemy Nr. 1, but if you listen to Italian talk shows you will be acquainted with similar insinuations. And the same holds true for Spain or Portugal. As for France there is not doubt that mistrust has grown steadily since Gerhard Schröder became German chancellor. The ugly German – return of a ghost long thought to be dead weiterlesen