An economic solution, at least in principle, is possible
Outsized money creation can salvage the mess, but the bill is rather large. Still, it’s becoming almost unavoidable..
Lessons from the Skandinavian bank bail-outs of the early 1990s
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 […]
How about this..
A couple of words come to mind. We will spare you, we’re sure you can come up with your own..
Japan in the doldrums
Anyone who thinks that things are not seriously wrong, read this. And we’re talking about the second biggest economy in the world here…
Krugman for president! II
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..
Not the end of free market capitalism, but the end of the unregulated version
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 […]
Two instruments left..
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 […]
Deflationary spirals and low-balling Krugman
Funny to see how nobody can deal with the arguments of Paul Krugman, who argues the government is the only party in the economy who can spend enough to prevent […]
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 […]