Tuesday, January 3, 2012

On the U.S. Presidency's Campaign “Season”

The overextension, or hypertrophy, of one part of a governmental system—whether a level, branch or even a particular office—can be seen in the overemphasis alone of the process by which it is filled. Whether obsessed over or merely elongated, the selection process can come to take on a life of its own. Indeed, it could even eclipse governing. If, in referring to a particular office that has a four year term, one expects a window of only a year or perhaps two for governing before the selection process revs up again, then there is reason to suspect that the office has too much power in the system of government. Of course, it could also be that the selection process is simply flawed, but why then would so many people either tacitly approve it or even maintain that it is necessary.


Sunday, January 1, 2012

On the Plight of the Euro

Relative to the U.S. dollar, the euro of the E.U. was not in as dire shape in 2011 as was typically presumed. As the euro celebrated its ten-year anniversary on January 1, 2012 at $1.29, a ten-year perspective could assuage the irrational exaggeration of fear over the currency’s impending demise. Besides the human propensity to develop tunnel vision—looking only right straight ahead—we tend to over-dramatize some things (while ignoring other things).


The full essay is at "Essays on the E.U. Political Economy," available at Amazon.