Morton Lane: The Euro Crisis and a Tale of Two Graphics

From the Center for Business & Public Policy: a collaborative blog exploring the relationship between market forces and public policy.

As 2011 draws to an end, the Euro crisis appears to have taken a rest from the headlines. Perhaps it is just that the holidays have commanded our attention. But my first prediction for 2012 is that Europe will return to the headlines, soon. Given the pause, maybe it is time to reflect on what exactly the crisis is all about. I believe that the crisis needs to be re-framed. We have deluded ourselves about the exact cause and this inhibits progress to a solution...

Read the rest of the article by MSFE Director Morton Lane here.