shareholdersunite.com

Guess who wrote this: “I don’t see why conservatives ought to defend a system that permits securitizing mortgages (or car loans) in a way that seems to make the lenders almost unaccountable for the risk while spreading it, toxically, everywhere else. I don’t see why a commitment to free markets requires permitting banks or bank-like […]

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When you’re name is attached to an idea, it’s hard to change track. In fact, the incentives are such (especially if you have no other interesting idea anymore) to get as much milage out of it as possible. This is what Arthur Laffer does, yes, the one from that curve on a napkin that was […]

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We want to preserve capitalism, not socialize risk. Politics should desist from bailing out other sectors. The financial system is the exception, it should not become the rule. Destruction is a inevitable and necessary part of the creative destruction of a capitalist economy

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We wrote a piece in praise of Krugman’s columns earlier today, if you want a real example of his effectiveness, marshalling a few simple economic statistics to dispel much nonsense in the media, here is it.

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It’s the main thing that got us into trouble. Unfortunately, market solutions do not seem remotely viable. Pragmatism is needed now, just figure something out that works. This seems to have been done, although not everybody is pleased with the ideological implications of it..

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There are very few people we admire, and even fewer we admire in more than one capacity, in fact, there are only two of these, and the other one has already gotten some attention on this website. Paul Krugman won the Nobel prize in economics. It was about time.

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A collection of comments. The consensus seems to be that it is, almost..

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It’s only an opinion piece and we do not agree with everything that it argues, but we find it very curious to have picked it up from the Wall Street Journal, whose opinion pages usually purvey opions which, in the political spectrum, can only be classified as to the right of Atila the Hun. So […]

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While everybody is clamouring for another interest rate cut one guy keeps his eye on the ball..

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Markets are powerful and potentially very useful institutions, and the belief in ‘free’ markets is especially strong in the US. But the issue what matters is not whether markets are ‘free’ or not, it is whether they are allowed to perform what they are supposed to do (enabling an efficient allocation of resources and providing […]

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