Months ago, we wrote a host of entries here about insufficient regulation of the financial system, stemming from what we called ‘market fundamentalism’ (an ideology that sees free markets as […]
Saving the banks is crucial, but the Government is dithering. As so often, Krugman is has a point or two..
All three are good points, but there are a couple of caveats..
Outsized money creation can salvage the mess, but the bill is rather large. Still, it’s becoming almost unavoidable..
The best is saved for the last in this excellent article. It’s where the author (Espen Eckbo) describes bail-outs as a zero sum-game, if the tax payers do not get […]
A couple of words come to mind. We will spare you, we’re sure you can come up with your own..
Anyone who thinks that things are not seriously wrong, read this. And we’re talking about the second biggest economy in the world here…
As much as we dislike personal idolatry, however, we can’t disagree with this. If only because we wrote something similar a couple of weeks ago..
Nouriel Roubini, aka Dr. Doom, was the economist who predicted most of the present mess years ago. He has still something valuable to teach us. Quite a few of these […]
The New York Times is not the only place with the best columist (Paul Krugman and Thomas Friedman). The Financial Times of London, an excellent newspaper, has Lionel Brittain and […]