Did World War 1 Cause the Collapse of European Values? Or was it the Other Way Around?

A provacative reversal of conventional wisdom, discussed by John O’Sullivan in a long-but-worthwhile article at National Review. Kimball raises the question of whether cultural, psychological, artistic, and social movements were, not the consequences of the Great War, but instead among its causes. Without going overboard on this — since the upsetting of Europe’s balance of… Read More Did World War 1 Cause the Collapse of European Values? Or was it the Other Way Around?

Dealing with Zombie Debt

Megan McArdle, illuminating a very real issue: Very old debts are very difficult to collect, because they disappear from credit reports after seven years, and after a state’s statute of limitation on debt collections expires, the collector can’t even sue. So these wily collectors either hope that the debtor feels bad about being a deadbeat… Read More Dealing with Zombie Debt