Monthly Archives: August 2011

Some days ago, Jose Luis Reyna touched a sore spot when he differentiated between democratic from authoritarian regimes: “One difference between democracy and authoritarian systems is that the latter requires few institutions and scarce rules to govern; the leader in turn’s will is sufficient for him to impose his will, arbitrary or not, on the […]

The past several months have been exceedingly enlightening. To observe the manner in which Europeans have (half heartedly) conducted the Greek crisis or Americans writhing in anguish so as not to fall into default compelled me to reflect on our own financial crises of the past decades. The conclusion I arrived at is that we […]