Activity

Even so distant, I can taste the grief,
Bitter and sharp with stalks, he made you gulp.
The sun's occasional print, the brisk brief
Worry of wheels along the street outside
Where bridal London bows the other way,
And light, unanswerable and tall and wide,
Forbids the scar to heal,…

This empty street, this sky to blandness scoured,
This air, a little indistinct with autumn
Like a reflection, constitute the present---
A time traditionally soured,
A time unrecommended by event.

But equally they make up something else:
This is the future furthest childhood saw …

Always too eager for the future, we
Pick up bad habits of expectancy.
Something is always approaching; every day
Till then we say,

Watching from a bluff the tiny, clear,
Sparkling armada of promises draw near.
How slow they are! And how much time they waste,
Refusing to make …

In the last analysis, the euro and its crisis should not be treated, or at least not primarily, as a problem of European unity, but rather as a subtheme of the pressing question of a functional monetary order for the capitalism, perhaps the post-capitalism, of the twenty-first century. Since the en…

[...] the notion of a ‘savings glut’, put forward in 2004 by Ben Bernanke when he was still chair of the Federal Reserve. In a savings glut, desired saving exceeds desired investment, making for an overabundance of capital for which there is no use. Why something like this should have come about re…