Two sleeping beauties (the one has probably awaken), Pinocchio, and France.
Economic transitions aren’t transitory (The Hill)
Adam Posen is hardly an inflation alarmist. UK, 10 years ago. A nascent recovery and an inflation surge had Bank of England split on the way forward. He alone, as a member of the institution’s monetary policy committee, argued for more stimulus, deeming – correctly, with the benefit of hindsight – the inflation overshoot as temporary. That was in a world still relatively new in lowflation, central bank QE programs and suppressed interest rates, mind you. Today, he thinks quite different for the US.
Property is not (just) private (Verfassungsblog)
A ghost in the shell of German constitution haunts Berlin – the ghost of socialization. Article 15, which enables it, “has survived the decades, preserved and untouched and peculiarly history-less: no cases, no judgments, hardly any academic, economic and political interest”. Until now.
Why the French are revolting (UnHerd)
On pissed off French and their fighting chops (indeed, the Hellenic Military Academy, seemingly one of the world’s finest, was founded on French standards back in 1828). The author somehow missed that the French national anthem, La Marseillaise, is a literal call-to-arms.
About the famous work of a not-so-famous, disillusioned liberal in the freshly unified Italy of latter 19th century. Sheds some light at the sinister backdrop of the era (poverty, child labor and the like).