Posts Tagged ‘Europe



04
Oct
08

The Panic of 1873

A more apt comparison to the current economic crisis, rather than the Depression of 1929. Easy credit financed a real estate boom in Europe, combined with cheap American food imports undermined global prices, ultimately sparking a mortgage crisis. Banks begin to horde money, short-term loans dried up, and day-to-day operations came to a screeching halt.

Scott Reynolds Nelson is a professor of history at the College of William and Mary. His article is here.

22
Sep
08

Laissez-faire (hey, a French word)

Admit it, mes amis, the rugged individualism and cutthroat capitalism that made America the land of unlimited opportunity has been shrink-wrapped by a half dozen short sellers in Greenwich, Conn. and FedExed to Washington D.C. to be spoon-fed back to life by Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson

It only gets better..

All Mitterrand did was nationalize France’s big banks and insurance companies in 1982; he didn’t have to deal with bankers who didn’t want to lend money, as Paulson does. When the state runs the banks, they are merely cows to be milked in the service of la patrie.

The article is here.

21
Sep
08

Bandes dessinées

This is a great article highlighting some of Europe’s most interesting graphic novelist working today. Bandes dessinées literally translates to “drawn strip,” and is synonymous with Franco-Belgian graphic artist.

Read the WSJ article here.




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