Britain must make a radical move if it is to avoid the snare set by Brussels, which wants Brexit to fail, writes Greece’s former finance minister Yanis Varoufakis September 10 2017, 12:01am, The Sunday Times Varoufakis arrives at a meeting in Athens while he was the Greek finance ministerGETTY Share Brussels’s cheerleading journalists are at it again. Their mission? To aid and abet the EU negotiators in winning...
Read More »The six Brexit traps that will defeat Theresa May – Guardian op-ed 3 May 2017
“It’s yours against mine.” That’s how Wolfgang Schäuble, Germany’s finance minister, put it to me during our first encounter in early 2015 – referring to our respective democratic mandates. A little more than two years later, Theresa May is trying to arm herself with a clear democratic mandate ostensibly to bolster her negotiating position with European powerbrokers – including Schäuble – and to deliver the...
Read More »The Promise of Fiscal Money – Project Syndicate op-ed
ATHENS – Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale for entrusting monetary policy fully to central banks is well understood: politicians, overly tempted during the electoral cycle to create more money, pose a threat to economic stability. While progressives have always protested that central banks can...
Read More »Evolution of the Trump Administration: An Op Ed
Donald Trump seems to be missing some sort of a regulator that prevents him from simply saying what temporarily happens to be on his mind. That made it inevitable that he would treat his audience to a regular stream of faux pas. However, I think both the degree and severity of the mess may be diminished going forward. The reason has to do with how the Trump administration came into being. Simply put, unlike most candidates, he actually beat both major...
Read More »A New Deal for the 21st Century – op-ed in the New York Times 6th July 2017
ATHENS — The recent elections in France and Britain have confirmed the political establishment’s simultaneous vulnerability and vigor in the face of a nationalist insurgency. This contradiction is the motif of the moment — personified by the new French president, Emmanuel Macron, whose résumé made him a darling of the elites but who rode a wave of anti-establishment enthusiasm to power. A similar paradox is...
Read More »Explaining the Gender Wage Gap
From Thomas Edsall in the NY Times At one end of the scale, men continue to dominate. In 2016, 95.8 percent of Fortune 500 CEOs were male and so were 348 of the Forbes 400. Of the 260 people on the Forbes list described as “self-made,” 250 were men. Wealth — and the ability to generate more wealth — must still be considered a reliable proxy for power. But at the other end of the scale, men of all races and ethnicities are dropping out of the work force,...
Read More »Europe’s Gradualist Fallacy – Project Syndicate op-ed
ATHENS – Europe is at the mercy of a common currency that not only was unnecessary for European integration, but that is actually undermining the European Union itself. So what should be done about a currency without a state to back it – or about the 19 European states without a currency that they control? The logical answer is either to dismantle the euro or to provide it with the federal state it needs. The...
Read More »Intelligence and Education
I’ve noted a few times that the political center needs to come to grips with research on genes and intelligence or we risk ceding the field to people with scary impulses and frightening goals. I think something like what the center-left position should be is reasonably well articulated by Richard J. Haier. Haier is a professor emeritus in the University of California at Irvine medical school, editor in chief of the journal Intelligence, and he was one of the...
Read More »Cultural Appropriation
From the Canadian Broadcasting Corporation: Indigenous advocates from around the world are calling on a UN committee to make appropriating Indigenous cultures illegal — and to do it quickly. Delegates from 189 countries, including Canada, are in Geneva this week as part of a specialized international committee within the World Intellectual Property Organization (WIPO), a United Nations agency. Here’s more: Speaking to the committee Monday, James Anaya, dean...
Read More »Small Pieces of Academia
I’ve recently stumbled on a twitter account called New Real Peer Review. The twitter account is largely (but not entirely) dedicated to posting abstracts of journal articles and links to the papers. Here’s one such abstract: This article explores the formation of a tranimal, hippopotamus alter-ego. Confronting transgender with transpecies, the author claims that his hippopotamus “identity” allowed him to (verbally) escape, all at once, several sets of...
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