Will they ever learn?
Banks are rapidly turning into the real villains. These once masters of the universe not only had a large part in triggering this recession by gambling with other peoples money […]
Japanese crash
Anyone seriously thinking we don’t need radical measures to get us out of the economic slump and that talk about the seriousness of the economic situation is just scaremongering hasn’t […]
Which is the real catastrophe?
The editorial pages of the Wall Street Journal (otherwise an excellent newspaper) are usually politically situated to the right of Attila the Hun. That’s ok with us (live and let […]
Do tax payers need to bail-out the financial system?
Often, the best first approach to a difficult situation is to list as many ‘stylized facts’ as one can think off. Here is one ‘stylized fact’ to dominate all others: […]
Nationalize the banks VI
We’ve argued for some time that the best way to deal with the financial crisis would be to nationalize at least some banks (you can read that here, here, and […]
The Cultural Contradictions of Capitalism
The New York Times seems to have almost completely cornered the market for the best columnists. As you know, we’re big fans of Paul Krugman, but Thomas Friedman writes very […]