Smart Links 26 May 2012
Commentary on Krugman’s old ideas, Greece’s return to the drachma, Facebook to swampland, China’s next phase, Germany’s hit export, and who’s entitled.
Jeremy Warner warns about Krugman’s plea to spend.
Telegraph -- Britain can’t afford to fall for the charms of the false economics Messiah Paul Krugman
Superstar economist Paul Krugman wants us to change course, but his solutions are simplistic.
Back to the past.
Business Week -- What a Return to the Drachma Really Looks Like
From a distance, returning to the drachma seems like a great solution for Greece. Economists such as New York University’s Nouriel Roubini say that by quitting the euro, Greece would seize control of its fate.
Business Week -- What Greece Can Learn From Argentina's Default
“Argentina is going to make this month’s bond payment without any obstacle,” Economy Minister Hernán Lorenzino assured reporters on his 40th birthday—on March 5—in Buenos Aires.
New York Times -- The Crisis This Time
They blew it, again.
Telegraph -- Europe's slump deepens as Kabuki summit falls short
Once again Europe's leaders have swooped into Brussels and vanished hours later without offering any clear way out of the pulsating crisis at hand.
Financial Times -- How Facebook went from triumph to disaster
Spare a thought for the Wall Street analysts who turned cautious in the run-up to Facebook’s IPO last week.
How will China grow now?
Economist -- Beyond growth
China will have to learn to use its resources more judiciously.
Donna Summer the German import.
Globe and Mail -- Donna Summer, German artist
Donna Summer was a German artist.
It’s not the students it’s you that's entitled.
National Post -- It’s the older generation that’s entitled, not students
“Entitlement.” We hear that word associated again and again with student protesters in Quebec. Usually, it’s preceded by the words, “sense of.”
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