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It seems increasingly clear that there is no real solution within the existing economic theory. Instead, that theory is the problem. And resolute adherence to that theory is the reason that all of the solutions only make things worse. Yanis Varoufakis has an excellent macro view of the situation in Europe which is now expressed in two new books reviewed by Brian Collins in The Los Angeles Review of Books. An excellent summary while waiting for the books to arrive.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 21st, 2011 at 03:16:26 PM EST

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