Berfrois

European Community? Pah!

European Community? Pah!

The imposition of German demands on Greece, without consideration for its democracy, sovereignty or interests, is one of those moments that changes everything.

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‘Hirelings wandering round Europe’

‘Hirelings wandering round Europe’

Wladimir Klitschko and Jean-Marc Mormeck in the WBA-IBF Heavyweight titles, Düsseldorf, March 2012 by Àngel Ferrero In the amorality of capitalism, the alternatives for an emigrant are virtually reduced to cynicism or melancholy. Cigarette smoke snuck into clothes and wreathed tables, chairs, and walls of the bar in Neukölln,...

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‘Money never gets tired’

‘Money never gets tired’

Barney Dodd and Chris Frank From Rolling Stone: The giant reform bill turned out to be like the fish reeled in by Hemingway’s Old Man – no sooner caught than set upon by sharks that strip it to nothing long before it ever reaches the shore. In a furious...

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‘What is needed is a theory of distribution’

‘What is needed is a theory of distribution’

Liberty Plaza, November 2011. Photograph by Sasha Kimel From Monthly Review: In the early 1980s, I began telling my students that growing inequality of income and wealth would become the dominant political issue of the future. I did not think that the future meant thirty years, but better late...

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Financial repression measures seen thus far are but the tip of a very large iceberg…

Financial repression measures seen thus far are but the tip of a very large iceberg…

As coined by Ronald McKinnon (1973), the term “financial repression” describes various policies that allow governments to “capture” and “under-pay” domestic savers. Such policies include forced lending to governments by pension funds and other domestic financial institutions, interest-rate caps, capital controls, and many more.

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CAPITALISM

CAPITALISM

by Vincent W.J. van Gerven Oei and Jonas Staal Introduction The following two works were produced by visual artist Jonas Staal and writer Vincent W.J. van Gerven Oei during a visit as artists in residence at The Bag Factory, Johannesburg, South Africa during the summer of 2010. Both works...

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Carl Wennerlind: Credit Alchemy!

Carl Wennerlind: Credit Alchemy!

by Carl Wennerlind When the philosopher Baruch de Spinoza received word of a successful transmutation of lead into gold in December of 1666, he quickly sought to quell his skepticism by personally visiting the adept, and the visit left him fully convinced of the veracity of the adept’s account....

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Hayek’s review of the Treatise in Economica appeared technical in character, but it was politically charged…

Hayek’s review of the Treatise in Economica appeared technical in character, but it was politically charged…

The Theatre, LSE, c.1930. Photograph from LSE Library Collection From The Times Literary Supplement: In London, Robbins had experienced Keynes’s less attractive side. They had both been appointed to the Macmillan Committee on Finance and Industry, which was intended to find answers to the severe economic downturn then under...

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Michael Schiltz: Yen Blocism

Michael Schiltz: Yen Blocism

We are living through ominous times. In the wake of the 2008 subprime crisis, the world economy has been battered by a series of profound shocks that have not been experienced since the 1930s.

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Flawedonomics

Flawedonomics

From Freakonomics, Cold Fusion, 2010 From American Scientist: The nonfiction publishing phenomenon known as Freakonomics has passed its sixth anniversary. The original book, which used ideas from statistics and economics to explore real-world problems, was an instant bestseller. By 2011, it had sold more than four million copies worldwide,...

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Hedge Tip

Hedge Tip

John Bedford Lloyd playing the character Bill Clark (based on Henry Paulson), Wall Street: Money Never Sleeps, 20th Century Fox, 2010 From Bloomberg: Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July...

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Squeezed

Squeezed

by Justin E. H. Smith In 1994 I was admitted to a few Ph.D. programs, but only two of them were not from my back-up list. One of these was UCLA, where I was admitted with full-funding for the doctoral program in Slavic linguistics, and the other was Columbia,...

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Are the Chinese prone to money illusion?

Are the Chinese prone to money illusion?

China’s monetary policy and its inflation have got people talking – particularly about the effect on other countries. But what about its effect on China’s people? Are they fooled by money illusion?

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Vincent W.J. van Gerven Oei: LGBT Struggles in Albania

This morning I woke up to a rather surprising headline: "first gay marriage in Tirana." The article referred to the marriage ceremony recently held...

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Feroz Rather in Srinagar

Though the war was still going on, it was not a terribly sad time in my life; at least, I had the consolation of...

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Foucault’s Politics of Truth by Stuart Elden

The key figures are Cardinal Richelieu and Chancellor Séguier, and Foucault thinks it is important that he can discern the “first great deployment of...

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Menachem Feuer on Sarah Silverman and Lena Dunham

Elle called Silverman’s image of her wearing a shirt with several naked Lena Dunhams a “beautiful tribute.” Dunham, the article tells us, “seemed to...

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Mediamacro are very good at pretending…

A few weeks ago I was having dinner with David Cameron. Well, almost - we were at the same restaurant but on tables at...

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Tammy Ho Lai-Ming: One Little Room

A room with graffitied walls. Inside this room the dogs bark. A room cluttered with porcelain figurines. A room decorated with binary numbers.

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Jeremy Fernando
Jeremy Fernando on Tan Chui Mui

For, it is not as if films speak; nor are their filmmakers there—at the site where this alleged speaking to, speech, takes place —...

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David Beer
David Beer: Make Happy, Happy, Happy

As I read through William Davies’ engaging new book, I can’t help but wonder what Mad Men’s Don Draper would have made of John...

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Russell Bennetts: Coffee for 8 More

I might be the last person you should ask about St. Paul coffee in general. On an ordinary day I make do with drip...

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Emeline Edgewood
In X the Promise

X seems to want to be both the equivalent of The Giant and of Laura Palmer’s mother in Twin Peaks.

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Vincent W.J. van Gerven Oei: Municipal

Although there are also some independent candidates who may take a few votes here and there, the general opinion of the Tirana public and...

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En Liang Khong: Full Bloom

The cross-dressing Qiu Jin was emblematic of a revolutionary feminist current at the end of the Qing era, writing urgently on women’s emancipation: “While...

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Vincent W.J. van Gerven Oei
Very Much Like a Whale by Vincent W.J. van Gerven Oei

They had obviously taken the pictures of the whale, and the group of people carrying it, out of curiosity. But still the images failed...

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Oscillation

We recognise oscillation to be the natural order of the world.

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