Tuesday, July 17, 2012

On the Crisis of the West III

The original post, On the Crisis of the West.
A hundred years ago public spending often took a tenth of the economy. These days it many times takes up more than half:


Monday, July 16, 2012

On the Crisis of the West II

The original post, On the Crisis of the West.
As an example, France has not balanced its books since 1974: