"I esteem DeLong's writings very highly, have learned much from them, and think he is on balance very much a force for good, but there are times when I simply cannot understand how his mind works, and do not particularly want to..." --Cosma Shalizi
What to look for in the Cyprus deal: The capital controls will have to be strict. What will the price of a Cypriot euro be, relative to a German euro? 50%? I call this Cyprus leaving the euro but keeping the word “euro” to save face.