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Wise words to live by...

“I view great cities as pestilential to the morals, the health and the liberties of man. True, they nourish some of the elegant arts; but the useful ones can thrive elsewhere; and less perfection in the others, with more health, virtue and freedom, would be my choice.” Thomas Jefferson

Wise words to live by...

“Is uniformity attainable? Millions of innocent men, women, and children, since the introduction of Christianity, have been burnt, tortured, fined, imprisoned; yet we have not advanced one inch towards uniformity. What has been the effect of coercion? To make one half the world fools, and the other half hypocrites.” Thomas Jefferson

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Ralph Musgrave - Ralphanomics

Has syndicated 377 articles on The Blog Farm.

Yipee – austerity brings modernisation.

In case you had any doubts as to whether the lunatics have taken over the asylum, the New York Times cites some authoritative figures round Europe to the effect that austerity in Greece will bring modernisation.

Anyone with any ideas as to how mass unemployment and cutting social security benefits helps turn an inefficient transport system into an efficient one, please leave your suggestions below. I’m always happy to learn.

Hat tip to Econospeak.

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    Ralph Musgrave - Ralphanomics

    COMMENTARIES (SOME OF THEM CHEEKY OR PROVOCATIVE) ON ECONOMIC TOPICS BY RALPH MUSGRAVE, DURHAM, UK. THIS SITE IS DEDICATED TO ABBA LERNER. I DISAGREE WITH SEVERAL CLAIMS MADE BY LERNER, AND MADE BY HIS INTELLECTUAL DESCENDANTS, THAT IS ADVOCATES OF MODERN MONETARY THEORY (MMT). BUT I REGARD MMT ON BALANCE AS BEING A BREATH OF FRESH AIR FOR ECONOMICS.

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