Posts Tagged ‘European Union’

  • Everyday economics and trade barriers like the Russian embargo help domestic producers.

    The Smell Test That Some EU Cheese Makers Failed

    May 11, 15 • 358 Views • 1 Comment

    Just like tariffs and other trade barriers, the Russian embargo of EU cheese helped Russian cheese makers as increases in supply and demand raised prices......  [read more]

  • euro zone map

    Eurozone: First Latvia and then Croatia?

    Jun 6, 13 • 674 Views • No Comments

    Reading about Latvia’s probable eurozone entry at the beginning of 2014 and then perhaps Croatia by 2017, I remembered some wise words from economist Russ Roberts. During 2010, he presented a fascinating monologue Econtalk podcast in which Adam Smith......  [read more]

  • euro zone map

    The European Union “Family”

    Jun 2, 12 • 413 Views • No Comments

    The results of a European Pew Research opinion survey among 8 nations reminded me of a dysfunctional family. As you look at the tables below from the Pew Report, you might think of Germany as the successful sibling, Greece as the “black sheep,”......  [read more]

  • 15486_greekCoinSM

    California and Greece

    Feb 23, 10 • 515 Views • No Comments

    An SAT question:California: US = Greece: EU. California and Greece are similar because…1. California and Greece have debt problems.2. Both have government employees with salaries and massive pension liabilities that they have to cover.3. Both would......  [read more]

  • PIIGS at the Trough

    Feb 9, 10 • 469 Views • No Comments

    Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that using someone else......  [read more]