China Yuan: China to US: Put Your Fiscal House in Order - CNBC

China Yuan: China to US: Put Your Fiscal House in Order - CNBC

Europe's Missing Foundations - International - The Atlantic

Europe's Missing Foundations - International - The Atlantic: "When did a united Europe ever capture the imagination of many of its residents? The European project was an elite-driven, top-down affair from the outset. Its leaders took the view, often explicitly, that Europe's voters did not know what was good for them and would have to be led to enlightenment. There was never any willingness to let public indifference or outright hostility moderate the pace. For the most part, voters were not consulted. When they were, and voted No in the occasional referendum on further transfer of power to Brussels, governments resolved to keep on asking until voters got it right."

Book Review - The Crisis of Capitalist Democracy - By Richard A. Posner - NYTimes.com

Book Review - The Crisis of Capitalist Democracy - By Richard A. Posner - NYTimes.com: "In Posner’s eyes, we are living through a second depression. The root causes were a failure of monetary policy (the Fed kept its short-term interest rate too low between 2001 and 2004), a failure of regulatory oversight (the Federal Reserve and the S.E.C. were “asleep at the switch”) and a failure of intellectual rigor (economists claimed that the enlightened self-interest of bankers and shareholders would suffice to prevent such a crisis)."