Magazine March 8, 2010, Issue

EUbris

(Markus Spiske/Unsplash)
The Greeks have a word for Europe’s unstable currency regime

It’s a cliché to use the word “hubris” in an article involving Greece, but when that article is about the single European currency, what else will do?

From its very beginning, the euro was a project of monstrous bureaucratic arrogance, a classically dirigiste scheme cooked up by an elite confident that it could ignore the laws of economics, the realities of politics, and the lessons of history. While the exact contours of the current crisis could not have been foreseen, the certainty that there would be a crisis could have. To build a monetary union without a political union (or something

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Zamboni Baloney

It turns out the Vancouver Olympics “electric Zambonis” are not Zambonis at all, but are manufactured by a company called Resurfice.

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