Playing Chicken With Greece

The EU remains at a critical point in its young life as it must solve some very serious problems.  The borrowing costs for highly indebted countries like Greece remain at unsustainable levels and they cannot rollover or extend their debt without being deemed in...

Inflationary Politics

McDonald’s began selling hamburgers in 1955, when a burger cost 15 cents.  In Garrison, Minnesota (the smallest city in America with a McDonald’s), a burger now costs 89 cents.  That same burger sells for $1.69 in New York and $1.96 in Los Angeles today....