Thomas Piketty´s book, Capital in the Twenty-First Century, on growing inequality in capitalism, has become a bestseller. Piketty offers much … Continue reading “How monetary inflation increases inequality”

A second aid package to the Greek government hinges on severe austerity measures. Why doesn’t Greece simply default and leave the … Continue reading “Why doesn’t Greece simply default?”

Italy, Spain, Belgium and Portugal will need to raise over $800 billion in 2011 to cover roll-over debt and new … Continue reading “The Tragedy of the Euro”