German banks have been at the center of the European financial and economic crisis. A fish rots from the head down, as the saying goes, and the German banks, rather than the Spanish beaches or Greek bureaucrats, are the best place to look for the source of the problems. So who is the German banker? The question does not have a simple answer for the German banker has a quadripartite personality.
Posts Categorized: Reflections
At the moment, I am looking out my home study window, and hoping that the 40-mile an hour wind gusts from Hurricane Sandy don’t do anything worse than keep the tree swaying strongly. If need be, I will even settle for a temporary loss of electricity, as long as our windows and roof all stay where they belong.
Of course, this is an appropriate moment to think about what we are doing to our environment by burning fossil fuels and emitting greenhouse gases into the atmosphere. We know that an overwhelming majority of climate scientists contend that our environment faces a severe—and perhaps even existential—threat if we do not control the changing climatic conditions that result through the emissions of greenhouse gases generated by human activity. Hurricane Sandy is one more data point amid a steadily growing mountain of evidence on the effects of climate change.
Yes, another blog is now being launched into the world as I type these words. Does the world really need yet another blog? Obviously, there are lots and lots of them already out there—many, many bad ones, but some good ones as well. There are even lots of good ones out there already dealing with economics and economic policy, which is the focus on this blog as well. So why take up more cyberspace with this blog, on top of all the other ones already going strong?
Thinking, writing, and taking action on how to build a full employment economy—that is, an economy in which everyone has the right to a decent job to support themselves and their families—is way too important to be left to just a few experts and political leaders. All such experts and political leaders necessarily come at the problem with their own biases and relatively narrow range of experiences and expertise. That is why, in creating this blog, it was important to try to recruit onto the project lots of people who will bring different perspectives, and areas of expertise.