"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

sábado, 30 de julio de 2011

Secuestradores

El Editorialista del FT de hoy no se muerde la lengua sobre el asunto del boicot al Tesoro americano (porque es un boicot, se vea como se vea):
 Congress fights on edge of a cliff
Es suficientemente acongojante, frente a las expresiones que mantienen muchos de bah! seguro que llegan a un acuerdo. Pero tampoco se muerde la lengua a la hora de señaler responsables:
The sticking point, now as throughout, has been the intransigence of Tea Party Republicans in the House of Representatives. This energised, populist-conservative faction combines a zealous, uncompromising desire to roll back government with a blithe disregard for the consequences of default. The desire is legitimate, the recklessness unforgivable... But some, such as Tea Party champion and GOP presidential candidate Michele Bachmann, are opposed to raising the debt ceiling regardless. This crosses the line between fiscal recklessness and something close to madness.
Las instituciones, por muy bien que estén diseñadas, no soportan los ataques de los filibusteros, se llamen Zapateros o se llamen Michelle Bachmann, nombre que espero caiga en la ignominia para siempre.
En Brad De Long, una observación muy acertada:
Look closely at the Reid and Boehner bills. The first round of cuts are pretty much the same. The joint congressional committee charged with recommending further deficit reduction is pretty much the same. The difference is that Boehner’s bill forces them to act. He ties a future increase in the debt-ceiling to the successful passage of their proposal. Reid’s bill has no such trigger. ...

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