Things that aren’t sustainable don’t continue.

The trick is figuring when they stop being unsustainable and how much damage they will cause."

Martin Wolf (and others) argue that Greek debt is unsustainable and dangerous.

A great hip hop video on the debate between uber-economists Keynes and Hayek, and articles on smart immigration policy, on how to manage the Pakistan problem, religious hatreds, saving cafeteria food, and the ultimate Bond.

I bought my first new car in 1977. It was a standard Honda Civic, cost me $3,600, and was only available in yellow.

I drove it across Canada twice and sold it when I moved to Geneva in 1981 for $2,500.

Those cars were at the thin edge of the revolution in the automotive industry that would reshape the global economy.

And in the 21st century there’s Tata.

The phrase game changer is probably used too much; however, shale gas and Victoria’s new public urinals fit the bill.

Articles also on when to fire your mutual fund manager, what happens when the lid comes off the political boil, the news out of Europe gets worse, the debate over the gold standard, why global democracy is good, the failing Doha Round, and Canadians, mark your calendar.

Another reason to live in Victoria, BC.

The University of British Columba awarded an honorary degree recently to Harvard Professor Amartya Sen who was the recipient of the 1998 Nobel Prize in Economic Sciences. 

This gives us the welcome excuse to post two videos where among other things Sen discusses the message of Adam Smith’s political economy.