The New York Times reports that many wealthy, high-earning Greeks are not reporting their income. It’s estimated that 20 to 30 percent of Greek GDP is underground, and “the government may be losing as much as $30 billion a year to tax evasion…” Like it was the government’s in the first place.
James Galbraith, economist and Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the University of Texas, says Germany has played “a game of extreme brinkmanship that pushed the euro zone to the edge of panic.”
But, please, don’t drink it in front of me.
A friend of mine in the liberty movement drinks raw milk. That’s not for me.
What really offends me is that adults — such as my friend — have to sneak around in order to buy something they believe is healthy.
[Excerpted from chapter 6 of Debt: Private and Public, Good and Bad, 1938]
A half-dozen papers together with formal comments and an introduction have been assembled to help establish the state of interpretation of Keynes. The contributors to this volume are ideologically like-minded but geographically diverse (Australia, Brazil, Canada, Great Britain, Italy, and the United States are represented).
At the end of March the yield on the ten-year T-note closed at 3.833%, up from 3.617% the month before. Note that at the end of March last year the yield stood at 2.67%.
Introduction: Douglas French is president of the Mises Institute and author of Early Speculative Bubbles & Increases in the Money Supply. He received his Masters degree in economics from the University of Nevada, Las Vegas, under Murray Rothbard with Professor Hans-Hermann Hoppe serving on his thesis committee.
