Strengthening Constitutional Self-Government

No Left Turns

The end of prosperity?

Apparently Niall Ferguson wrote this just before Congress passed the bailout bill, but it seems to me to be one of the clearest pieces I have read on the international economy and how the crisis may have been averted. I think it includes a pretty good explanation of the cause of the Great Depression and how our situation may differ. 

Also note this morning’s news that Europe’s four largest economies have rejected a joint strategy on their bank crisis. The Germans and the Brits insisted on going it alone. Note that the other EU members were not included in the discussions.

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