Blame the banks?
Mortgage rates on variable mortgages could be a lot lower. Is that the fault of the banks? Not really.
Some conservatives are getting it
We wrote yesterday that the Republican resistance against the stimulus plan was a mistake, at least when it is based on the wish to include more tax cuts. If you […]
Republican mistake
We try to remain impartial, but sometimes the economics is so clear on an issue that, for the sake of truth, one cannot remain on the sidelines of a political […]
Kick out the lot of them
Vengeance is not a good reason to nationalize the banks, but boy, it is tempting… These self acclaimed masters of the universe, will they ever learn..
Are we close to the bottom?
Impossible to say. There are self-reinforcing mechanisms at work that, unimposed, will take us deeper into a recession. However, there are also reasons to think the economy will stabilize in […]
Nationalize the banks III
And yet another reason to nationalize the banks. Too bad we can’t just abolish them. They’ve done just about everything wrong, their top management has enriched itself beyond imagination, and […]
Here’s one way to invest: fast trains
The search is on for big public projects that combine immediate macro-economic benefits (jobs, boosting spending) with long-term public returns. Fast rail links offer one benefit.
The Swedish example
We argued for the nationalization of banks. Here is a real life example that shows the advantages over the present muddle..
Nationalize the banks II
We wrote last week that it would probably be best to nationalize the banks. We have some additional arguments..
Banks and free markets
You might not have noticed, but in general, we’re supporters of free markets. However, we blamed at least part of the crisis on a rigid free market ideology, leading to […]