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by Nomad (Bjinse) on Mon Mar 4th, 2013 at 07:33:40 AM EST
BBC News - Czech President Vaclav Klaus faces treason charge

Lawmakers have narrowly voted to charge outgoing Czech President Vaclav Klaus with high treason.

The upper house voted to refer the president to the constitutional court to rule on whether he had violated the constitution with a New Year amnesty.

The wide-ranging measures were controversial as they resulted in multiple high-profile corruption cases being suspended.

Mr Klaus's term as president of the country is due to end on Thursday.

Thirty-eight senators in the 81-seat house, controlled by the left-wing opposition, voted to impeach the president, with 30 voting against. Only the Senate has such power in the Czech legal system.

The worst punishment he faces is the loss of his presidential job, a role the 71-year-old must relinquish later this week having served two terms in office.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 03:03:46 PM EST
[ Parent ]
EUobserver.com / Justice & Home Affairs / Germany to veto Schengen enlargement

Germany will veto Romania and Bulgaria's bid to join the border-free Schengen area at a meeting of interior ministers in Brussels on Thursday (7 March), due to insufficient progress against corruption.

"If Romania and Bulgaria insist on having a vote, their push will fail because of a German veto. The idea to gradually open up, meaning air and sea borders first, is also off the table," German interior minister Hans-Peter Friedrich told Der Spiegel magazine in an interview published on Monday.

Romania and Bulgaria, which joined the EU in 2007, initially hoped to become members of the passport-free zone in 2011, but they ran into a joint Franco-German veto.

Germany and France later agreed to a phased-in membership, opening up airports and sea ports and keeping the land borders closed until more progress is made in fighting graft and organised crime.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 03:42:20 PM EST
[ Parent ]
Cabinet to examine ways of deterring Bulgarian and Romanian immigrants | UK news | The Guardian

Nick Clegg will on Wednesday chair a home affairs cabinet committee to examine wide-ranging plans to deter EU migrants, including Romanians and Bulgarians, from coming to Britain by slashing access across the spectrum of benefits without breaching EU discrimination laws. The drive has been given an added urgency by the Ukip surge in the Eastleigh byelection.

Labour's Frank Field, one of the MPs pressing for a crackdown, claimed Eastleigh had produced a change of heart, but ministers argue there is still a thicket of EU regulations on free movement of workers that they have been studying since the autumn.

A large cabinet subcommittee on migrants' access to benefits, chaired by the immigration minister Mark Harper, has met six times to look at the options ranging across access to housing, welfare, health services and the possibility of introducing a form of entitlement card for all EU citizens.

Ministers are tussling with the impact of a series of judgments at the European court of justice defending the free movement of workers within the EU, so making any hasty move will be difficult.

They have been looking at a huge range of options department by department, but the prime minister's spokesman stressed that the government was still at the stage of examining options.

Apart from the political urgency caused by Ukip's success, Britain needs to make a decision before controls on Romanians and Bulgarians are lifted at the end of the year.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 03:43:00 PM EST
[ Parent ]
Apart from the political urgency caused by Ukip's success
So we have to appease the xenophobes lest they get too much power. Have I got that right?

I seem to recall America spent most of last year discussing whether it would be better to cut a lot of things now, so they wouldn't need to cut them in 20 year's time.
Austerity now so we don't have to pay money back when we have more of it.

by Number 6 on Tue Mar 5th, 2013 at 06:07:52 AM EST
[ Parent ]
This relates to the recent discussion about triangulation in the context of politics.

It all depends if what we mean by winning in politics is being elected, or having your program implemented. Sarkozy claimed to have defeated le Pen (well, we later saw that he had not even done that electorally for very long), but that was by pretty much adopting the entire program!
From my standpoint of fighting his ideas more than his person, that did not feel like a welcome achievement.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue Mar 5th, 2013 at 06:21:53 AM EST
[ Parent ]
Latvia formally applies for eurozone membership | EurActiv

Latvia pegged its currency to the euro after joining the European Union in 2004. It and Lithuania, which pegged in 2002, stuck with the links through two years of turmoil after 2008 which saw their economies shrink by up to a fifth.

Both have recovered strongly - in Latvia's case helped by an EU and IMF bailout in 2009 - and have been on track to seal membership of the 17-member club after neighbouring Estonia joined successfully in 2011.

Small and limber economies, Latvia and Lithuania should slide more easily into the currency bloc than larger states like Poland and the Czech Republic and have remained keener on joining throughout the banking and debt crises.

Many Latvians' mortgage loans are in euros meaning a switch would decrease currency risk and most see the currency as a lesser long-term risk than the lat. They are also keen to entrench their links with western Europe to keep former imperial master Russia at arms length.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 03:43:46 PM EST
[ Parent ]
`Beppe Grillo Taps into Frustrations of European Lost Generation - SPIEGEL ONLINE
Only a few weeks ago, they hardly would have thought it was possible. But now here they are; their first public appearance following their surprise success in the Italian general election. In a hotel in Rome, not far from the Piazza San Giovanni, eight of the 162 newly elected parliamentary representatives of Movimento 5 Stelle (the Five Star Movement, or M5S) are squinting into the spotlights and speaking softly -- and what they are saying actually sounds reasonable.

They are talking about empowering Italians and giving people more of a say in political decisions -- and they want to know how their tax money is being spent. Grassroots politics is the goal. Their efforts remain somewhat clumsy, but they are sincere.

This group includes a male nurse, an IT specialist and a single mother -- all in their 30s or 40s with good educations and no previous political experience. Soon, they will enter the newly constituted parliament, which will be younger, have more women and, on the whole, be best less politically experienced than any other in Italian history. M5S emerged as the strongest single party in the lower house of parliament, the Chamber of Deputies, and the second strongest party in the upper house, the Senate. The party garnered nearly one-third of its votes in Sicily. The "Grillini," as the followers of former comedian Beppe Grillo are called, are the true miracle of this otherwise so chaotic election.

They are not clowns, but rather sincere young people who see themselves as a mouthpiece for everyday Italian citizens. These fledgling politicians do not rant and rave like Grillo, the founder of their movement.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 03:46:36 PM EST
[ Parent ]
EUobserver.com / Opinion / Why Europe should not worry about Italy

Italy's case has time and again struck foreign observers. How is it possible that such a dysfunctional system, ineffective institutions, widespread corruption and generalised limited care for rules would allow the country to become the eighth economy worldwide?

Italy has developed in a constant state of emergency, short-term planning and flexible interpretation of laws. However inexplicable, this is the way it works in the peninsula.

There are three elements that should reassure the markets and the international community that Italy will emerge from this crisis once again.

The first element is the strength of two key characteristic, which allow for the continuity of the country, namely its bureaucracy and its small and medium enterprises. Let's try to understand why.

Ironically, Italy's national bureaucracy has ensured the continuity of the country's central authority in the past 60 years.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 03:47:33 PM EST
[ Parent ]
by Number 6 on Tue Mar 5th, 2013 at 06:13:44 AM EST
[ Parent ]
Debate: Grillo's twist on European populism | Presseurop (English)

Beppe Grillo's landslide victory in the Italian elections is fuel to the fire in discussions on the controversial term "populism".

Bert Wagendorp previously wrote in this very newspaper that "in contrast to populists like De Wever [in Belgium], Wilders [in the Netherlands] and Berlusconi [in Italy]," Grillo is not the product of an existing political party. In other words: Grillo does not seem to fit as a member of the extended populist family, precisely because he is truly an outsider. However, Wagendorp has overlooked the significance of ideology in the description of populism. According to an ideological description, Grillo is indeed more or less the classic populist: someone who defines the political class as the enemy of the "true" people. Some populism is fascist

However, Grillo can also not simply be labelled a populist for exactly the same ideological reason. After all, populism is a particularly polymorphous phenomenon, which may be based on highly divergent interpretations of "the people".

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 04:07:09 PM EST
[ Parent ]
Cardinals begin pre-conclave meetings in Vatican - Vatican - FRANCE 24

Cardinals from around the world gathered Monday inside the Vatican for their first round of meetings before the conclave to elect the next pope, amid scandals inside and out of the Vatican and the continued reverberations of Benedict XVI's decision to retire.

Cardinals were treated like rock stars as they entered the Vatican on Monday morning, with television crews swarming around the red-capped churchmen and their handlers pushing their way through the crowds.

"A Latin American Pope is possible, everything is possible!" said Portuguese Cardinal Jose Saraiva Martins as he entered.

The core agenda item is to set the date for the conclave and set in place procedures to prepare for it, including closing the Sistine Chapel to visitors and getting the Vatican hotel cleared out and de-bugged, lest anyone try to listen in on the secret conversations of the cardinals.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 04:08:00 PM EST
[ Parent ]
Senior Scottish Catholic admits O'Brien scandal has damaged church's authority | World news | The Guardian

Scotland's most senior Catholic has admitted that the scandal over the resignation of Cardinal Keith O'Brien has been a serious blow to the church's moral credibility and religious authority.

In a sermon in Glasgow, Archbishop Philip Tartaglia, now the de facto leader of Scotland's 760,000 Catholics, said it was obvious why O'Brien's resignation and admissions of sexual misconduct left the church open to the "most stinging charge" of hypocrisy.

He transgressed the golden rule : never admit anything.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Tue Mar 5th, 2013 at 06:11:51 AM EST
[ Parent ]
Church's two-faced attitude to gays cruel - The Irish Times - Tue, Mar 05, 2013

Sexuality is a very troubling issue for young gay men, especially if they come from families where coming out would be impossible. The celibate priesthood seems to offer a refuge from those storms of doubt and guilt. Even when it becomes clear that the storms will not subside, the black suit and white collar create a decent disguise.

There's no great shame in this. There are far worse sins than hypocrisy and if everyone who is hypocritical about sex were sent to hell, heaven would be an awfully lonely place. But it is awfully weird. It creates an institution that is very like the priest I encountered in the TV studios: with one face for the public, another in private. There may be some hermit in the mountains or anchorite in the desert who does not know that many, many priests, nuns, bishops and cardinals are gay. But for everyone else in the church, it's just a fact - a fact that cannot be true.

How those who are gay cope with their situation is their own affair, but there are some public consequences to this strange doubleness. One of them is particularly paradoxical: it ups the ante in the game of homophobia. Knowing that many good priests are gay doesn't result in tolerance and decency. It creates a perverse form of denial, that of protesting too much.

It is, alas, not at all accidental that Cardinal Keith O'Brien, alleged by four priests to have "attempted to touch, kiss or have sex" with them, has been the most hysterical denouncer of proposals to legalise gay marriage, which he compared to legalising slavery.

Even more damagingly, but just as paradoxically, the two-faced approach has fed into the church's appalling responses to child sexual abuse. The confusion and evasion that surround the perfectly normal state of homosexuality generated an atmosphere in which all sex, whether with consenting adults or with victimised children, is treated on the same level, as a fall from grace and an administrative problem to be managed.

And, in the end, the church's double life in relation to homosexuality is just cruel. Some priests manage maintaining two different personas very well. Some perhaps even take a kind of pleasure in it. But for some, even at the very top of the clerical tree, it is an appalling strain.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Mar 5th, 2013 at 06:12:52 AM EST
[ Parent ]
I remain amazed that anyone has any respect at all for this corrupted and corrupting institution. Even if there was somebody at the top who recognised the depth of the problem, short of firing a large number of very senior people, both clerical and within the bureaucracy, he's got no chance.

The Augean stables need cleaning and no Hercules in sight

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Mar 5th, 2013 at 06:51:50 AM EST
[ Parent ]
I have had a recurring fantasy about ballots containing toxic materials and a blocked flue in the stove that is used to burn them during Papal elections at the Vatican. It might not cleanse the stables, but it could sterilize them for the moment.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 5th, 2013 at 12:41:35 PM EST
[ Parent ]
A sick joke but still a joke.

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Mar 5th, 2013 at 04:59:41 PM EST
[ Parent ]
Spain's King Juan Carlos is engulfed in scandal | Giles Tremlett | Comment is free | The Guardian

The elderly man who sold me my apartment was clear about Spain's King Juan Carlos. "He is a traitor," he said.

That was more than a decade ago, and it was a shocking - almost blasphemous - thing to say. Only diehard republicans and even harder-headed former Francoists criticised the monarch. Heliodoro was one of the latter, an unreconstructed extremist who never forgave Juan Carlos for using the powers he received from General Francisco Franco in 1975 to usher in democracy. Few would have agreed.

These days, however, Madrid seethes with discontented talk about the monarchy. The upset is proportional to the awed respect once accorded by almost everyone, including journalists who decided Juan Carlos was untouchable after he stopped a coup when civil guardsmen stormed the parliament in 1981.

As the 75-year-old monarch lies in a hospital bed this week, recovering from his fourth operation in 10 months, there is talk of both abdication and of controlling his use of taxpayers' money. The king is not as weak in mind or body as Pope Benedict, but in Madrid there is also a feeling that an old institution needs shaking up - possibly with a new face.

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 04:13:03 PM EST
[ Parent ]
Hungary's Government May Take Revenge on Court, Professor Says - Emerging Europe Real Time - WSJ

The relationship between Hungary's government and Constitutional Court has been uneasy. The Court recently turned down several government moves, and now the government may take revenge, a Princeton University professor said.

Hungary threw out its old constitution soon after the governing Fidesz party came into power in 2010. A new constitution went into effect at the start of this year, much criticized by European Union institutions and civil liberty groups.

It is about to be amended for the fourth time in the coming weeks. Kim Lane Scheppele, director of Princeton University's Law and Public Affairs program, said the government through this change seeks to take revenge "for various defeats it has suffered."

by Nomad (Bjinse) on Mon Mar 4th, 2013 at 04:33:39 PM EST
[ Parent ]
Roberta Lombardi, newly elected M5S member of the Camera, on fascism:
Che non comprende l'ideologia del fascismo, che prima che degenerasse aveva una dimensione nazionale di comunità attinta a piene mani dal socialismo, un altissimo senso dello stato e la tutela della famiglia.
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Mar 5th, 2013 at 03:29:04 AM EST
[ Parent ]
Interesting...
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Mar 5th, 2013 at 04:17:56 AM EST
[ Parent ]
The che hints that there's something inportant in the previous sentence, so here is the whole quote:
"Da quello che conosco di Casapound, del fascismo hanno conservato solo la parte folcloristica (se vogliamo dire così), razzista e sprangaiola. Che non comprende l'ideologia del fascismo, che prima che degenerasse aveva una dimensione nazionale di comunità attinta a piene mani dal socialismo, un altissimo senso dello stato e la tutela della famiglia"
Yes, and the Nazi party were National Socialists. Which is why according to Glenn Beck Obama, who is obviously a Socialist, is also a Nazi.

When economic liberalism eats away at social cohesion and liberal democracy is unable or unwilling to contain that, you get fascist movements.

Here is the inestimable Paul Mason reporting from Spain: Spanish far right grows amid memories of Franco era.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Tue Mar 5th, 2013 at 04:24:37 AM EST
[ Parent ]
CasaPound is a social center of fascist inspiration founded in Rome on 26 December 2003 with the squatting of a state-owned building in neighbourhood of Esquilino in Rome. In 2010 living in CasaPound 23 families for a total of 82 people.

Subsequently, the phenomenon is spreading with other squatting, demonstrations and various initiatives, becoming a political movement. In June 2008 CasaPound is therefore constitutes an association of social promotion and assumed the current name CasaPound Italy - CPI.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Mar 5th, 2013 at 04:25:52 AM EST
[ Parent ]
googlegarble doesn't understand "sprangaiola".

"locked up, behind bars?"

by Number 6 on Tue Mar 5th, 2013 at 06:37:01 AM EST
[ Parent ]
Not easy to get a translation anywhere. "Concentrationary" to coin an English term (on the model of FR concentrationnaire), ie addicted to shutting people up in concentration camps?
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Mar 5th, 2013 at 09:04:35 AM EST
[ Parent ]
Happy concentration camper?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Mar 5th, 2013 at 09:19:14 AM EST
[ Parent ]
The Guardian
The House of Lords voted on Monday to outlaw discrimination against people on the basis of their caste.
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Mar 5th, 2013 at 03:31:34 AM EST
[ Parent ]
None of that heathen caste stuff in England!

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 5th, 2013 at 12:53:51 PM EST
[ Parent ]
That's right, only the good Christian kind!
by Number 6 on Wed Mar 6th, 2013 at 04:57:27 AM EST
[ Parent ]
That's right. And the proper word for it is 'class', as in 'high class'.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 7th, 2013 at 11:22:22 AM EST
[ Parent ]
Eurointelligence Daily Morning Newsbriefing: Stiglitz and Fitoussi are helping Grillo with his economic agenda (05.03.2013)
A group of internationally renowned economists are aligning themselves with Beppe Grillo's anti euro movement; the coordinator of the group is Mauro Gallegati; Pier Luigi Bersani has set another ultimatum to Grillo, calling on him to support a minority government, or face new elections; Grillo says No, but says he is open to a technical government, but without involvement of the traditional parties; Italian retail sales fell 10% on 2012 and 35% on 2011, according to Confcommercio; German newspapers report that the Bundesbank wants the ECB out of the troika because its put the ECB under political pressure; Suddeutsche says this is very unlikely to happen; the Bundesbank says the new governing board structures of the single supervisory mechanism are so convoluted that they are ineffective; Spanish police believes that Barcenas kept 80% of kickbacks he obtained in the PP's name; after a recent disastrous press conference, the PP has a completely new idea: not to say anything anymore about the affair; Spain's chief prosecutor is seeking to remove the chief prosecutor of Catalonia; Spain's bank restructuring fund FROB has failed to auction off Catalunya Caixa; the eurogroup agreed a loan extension for Ireland and Portugal; but Germany and the Netherland remain inflexible on the question of direct bank recapitalisation; tax shortfalls, unemployment and pending court decisions threaten to derail the Portuguese budget target; the troika and Greece are running into a wall over the agreement to reduce the number of public sector workers by 25,000; Cyprus has agreed to an external bank audit; German car sales plunge 10% yoy; a consensus is emerging in the coalition in support of a widening of minimum wages; Latvia, meanwhile, has applied to become the 18th member state of the eurozone.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Mar 5th, 2013 at 03:35:00 AM EST
[ Parent ]
The economic programme of Bepp Grillo's Five Star Movement is still a skeleton but the platform will be fleshed out with the help of renowned economists and Nobel prize winners, who are ready to align themselves with the new movement. Les Echos reports that Joseph Stieglitz and Jean-Paul Fitoussi are among those to help to develop the economic agenda, with Mauro Gallegati acting as a coordinator. To shift the gear from protest to proposal, the 163 newly elected - 109 MPs and 54 senators with an average age of 31 - are to get extra training, Gallegati told La Republica. Jean Paul Fitoussi and Bruce Greenwald are helping out.  Over several years, Beppo Grillo has maintained a dialogue with Paul Krugman whose video message is posted on the party's blog.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Mar 5th, 2013 at 03:36:12 AM EST
[ Parent ]
I should note that in Spain's 2008 general election, Stiglitz was among the "Nobel Laureates" who lent their name to the PSOE's economic programme.

He appears to have moved from the so-called Social Democrats to the Grillo camp.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Tue Mar 5th, 2013 at 03:43:10 AM EST
[ Parent ]
To be fair to Stiglitz, you can only work with what you've got.

This is starting to look pretty sexy.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Tue Mar 5th, 2013 at 03:47:31 AM EST
[ Parent ]
Les Echos reports that Joseph Stieglitz and Jean-Paul Fitoussi are among those to help to develop the economic agenda [...] Over several years, Beppo Grillo has maintained a dialogue with Paul Krugman whose video message is posted on the party's blog.

Now could we stop any claims that they are just trying to milk their mainstream position for all it's worth by telling the rich and powerful what they want to hear?

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue Mar 5th, 2013 at 05:20:08 AM EST
[ Parent ]
Yes, is Stiglitz now a moron and a running dog of orthodox economies or the Moses leading the Five Star movement into the promises land?

I want clear sound bites, now!

by IM on Tue Mar 5th, 2013 at 05:28:43 AM EST
[ Parent ]
Stiglitz is likely the best they could have recruited. I would prefer Varoufakis, but perhaps he is seen as being too radioactive. Stiglitz and Krugman both oppose austerity yet are still seen as part of the 'mainstream', unlike Varoufakis and Keen. Being part of the 'mainstream' does have its advantages.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 5th, 2013 at 01:03:16 PM EST
[ Parent ]
telling the rich and powerful what they want to hear

Perhaps more a case of having an acute sense of WHAT NOT to tell them.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 5th, 2013 at 01:05:38 PM EST
[ Parent ]
At some point it becomes sophistry, or ideological purity trials.

They have sided with Grillo, that all the establishment is calling a clown. Both have criticised unqualified free trade, both have spoken against rising inequalities, both have spoken for regulation and higher taxes on the rich. The rich certainly don't consider them mainstream -nor do the freshwaters who claim that no-one thinks like them (apparently not even themselves).

Claiming that whoever does not say exactly what one wants to hear is engaging in careerism and pandering to the establishment is just sectarian behaviour and says more about the claimant than about the accused.

MMT is just one school of thought. It might be right about everything, everyone else might even be wrong (not the same thing -relativity does not make newtonian mechanics wrong for what happens on earth), but even that would be a far cry from concluding that everyone else is intellectually dishonest for career reasons. The burden of proof would be on the claimant, and so far much of the evidence, for those two, points the other way.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue Mar 5th, 2013 at 01:55:07 PM EST
[ Parent ]
Sophistry, perhaps. Rhetoric certainly. We are not dealing with a subject that well lends itself to proofs or scientific analysis. Economics is more scientistic and politics is mostly rhetoric with a purpose which may or may not be clearly disclosed. Meanwhile economics has become the continuation of politics and war by other means.

My criticisms, especially of Krugman, do not go to his strong advocacy for stimulus, with which I agree. But that, like Obama, he fails, perhaps refuses, to attack some of the most pernicious right wing frames, especially those which constitute the basis of 'New Classical' economics. The result is that both he and Obama are left to fight on a field prepared by their opponents.

MMT is less 'right' or 'wrong' than just an attempt to describe the monetary system as it actually operates. That can only be seen as political if so doing disrupts existing bulwarks of economic incumbents, which, in my view it does. With respect to banking Krugman seems to prefer models and 'stories' that have been known to be false for decades. Varoufakis's A Most Peculiar Failure sheds some light on the process that seems to predominate in academic economics. And I agree with Bill Mitchell that, in economics, motive is the primary factor.

Another line of analysis that has come out of the MMT camp is three sector national accounting. But perhaps that is also something that just might be true, along with double entry bookkeeping. Has Krugman engaged with the implications of three sector national accounting? I don't know. I would certainly be pleased were he to do so in a positive way. Likewise with stock and flow analysis, a la Wynne Godley. These are not approaches that are very hard to understand, even for non-economists, and they offer powerful new ways to look at the economy. If most economists spurn them the question is why. To this old cynic it seems that taking up these new tools would be tantamount to declaring that the emperor has no clothes. The Emperor wouldn't like that rude observation.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 5th, 2013 at 03:16:02 PM EST
[ Parent ]
Latvia, meanwhile, has applied to become the 18th member state of the eurozone.

"One of these things is not like the others
One of these things just doesn't belong"

(Talking about that sentence, not Latvia. Clearly Latvia's illustrious leaders belong with the VIP of Europe.)

by Number 6 on Tue Mar 5th, 2013 at 06:44:09 AM EST
[ Parent ]
Irish Times
The variety of potato at the root of the Great Famine will be widely available in Ireland for the first time in almost 170 years from next week after being re-cultivated by an Antrim potato farmer with a keen interest in the history of the humble spud.
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Mar 5th, 2013 at 04:37:59 AM EST
[ Parent ]
Hmm, how nostalgic, let's watch our food rot in the ground as our ancestors did. (And as I did last year - planted 3kg of potatoes, result, 1Kg)

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Mar 5th, 2013 at 06:48:08 AM EST
[ Parent ]
Huh.
Maybe in 110 years people will be eating Gros Michel again.
by Number 6 on Tue Mar 5th, 2013 at 06:51:13 AM EST
[ Parent ]

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