Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.

Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.

There is no question that a breakup of the euro would be very damaging, very costly, both financially and politically. And the biggest loss would be incurred by Germany. Germans have to bear in mind that, effectively, they have suffered practically no losses so far. Transfers have all been in the form of loans, and it is only when the loans are not repaid that real losses will be incurred.

The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.

The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.

One of the myths propagated by the enemies of Israel is that there is an all-powerful Zionist conspiracy. That is a false accusation. Nevertheless, that AIPAC has been so successful in suppressing criticism has lent some credence to such false beliefs.