Tue 2009-06-16 00:00 EDT
Martin Mayer ``the whole purpose of the innovation is to get around the existing regulation''; John Maynard Keynes `` When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.'' Yves: ``ncreasing the liquidity of credit risk, even assuming it worked as advertised, seemed guaranteed to mean that everyone would be more casual about assuming it''
Wed 2009-04-01 00:00 EDT
Wall Street on the Tundra, by Michael Lewis | vanityfair.com; Iceland's de facto bankruptcy; ``Iceland is no longer a country. It is a hedge fund.''
Tue 2009-02-24 00:00 EST
Jesse's Café Américain: A Modest Proposal from Joseph Stiglitz ``allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice''
Fri 2009-01-16 00:00 EST
Jesse's Café Américain: Dancing on a Precipice: The Tenuous Balance in Global Finance; ``The dollar is a Ponzi scheme, the waters of debt are overflowing the dam of artificial support, and only a few countries, two of them somewhat unstable, are holding back the deluge.''
dance; Global Finance; Jesse's Café Américain; precipice; Tenuous Balance.
Thu 2009-01-15 00:00 EST
GSE Nation: Interview with Robert Feinberg; The Institutional Risk Analyst (IRA); 2008-03-17; ``the government-sponsored entity or "GSE" is now the preferred business model in the US'' ``public policy has been replaced by public relations in this country. Our leaders don't get told what they don't want to hear because the spin machine let's them pick up the Wall Street Journal and read what they want to read because it was placed by the PR firm hired by the banks or the GSEs for that purpose.''
GSE nationalization; Institutional Risk Analyst; interview; Robert Feinberg.
Fri 2008-12-12 00:00 EST
Jesse's Café Américain: Money Supply, Paul Krugman, and the Great Depression; ``Fed made a significant policy error in raising the discount rate in early 1931''; ``we can imagine an outcome in which misbegotten monetary policy results in an oligopoly of corporate interests and an economy that is permanently frozen in a series of de facto monopolies based on central planning, not all that dissimilar to the experience of the Soviet Union prior to its dissolution and some countries in which a hundred or so powerful families control the government and its economy in a state of permanent corruption and malaise.''
Great Depression; Jesse's Café Américain; money supply; Paul Krugman.
Fri 2008-12-12 00:00 EST
AlterNet: Noam Chomsky: Is There Truth in Obama's Advertising? ``what's happened to the country...is that there was extensive and very constructive activism in the 1960s...And the activism did civilize the country''; Tom Ferguson's investment theory of politics; Brand Obama; ``The goal of advertising is to create uninformed consumers who will make irrational choices...And when they turn to selling a candidate they do the same thing...So you undermine democracy pretty much the same way you undermine markets.''
Sun 2008-08-24 00:00 EDT
by Martin Hutchinson (Prudent Bear); "Almost all the world has abandoned proper anti-inflationary discipline and is destined to suffer a period of high inflation and recession in the coming years...Only a few countries like Brazil have taken the inflationary threat sufficiently seriously and will thus be in a position to continue expanding even while the rest of the world endures recession"
Wed 2008-07-09 00:00 EDT
Econbrowser: UAE & Other Gulf Countries Urged to Switch Currency Peg from the Dollar to a Basket That Includes Oil, by Jeffrey Frankel; dollar losing reserve status
basket; Dollar; Econbrowser; Gulf Countries Urged; include oil; Switch Currency Peg; UAE.
Thu 2008-06-19 00:00 EDT
Ron Paul and Dwight D. Eisenhower - True Patriots by Jim Quinn; If as a country we continue to allow our politicians and their military industrial complex corporate sponsors to spend $700+ billion per year on weapons, to the detriment of higher education, alternative energy projects, and national infrastructure needs...as deficits accumulate, the dollar plummets, and inflation rears its ugly head, our great country will decline as other empires who overstepped their bounds declined"
Thu 2008-01-17 00:00 EST
"If there was any pretense that this country was anything other than a plutocracy, today's Supreme Court decision should have dispelled that illusion." Stoneridge v. Scientific-Atlanta
Fri 2007-12-14 00:00 EST
"he best we have is palliatives. We can either take the losses, as the US has repeatedly told third world countries in similar fixes to ours, or we can go the Japan route of socializing the cost of propping up bad businesses and deals, or we can expand the money supply considerably and let inflation eat away at the value of the debt overhang." bearish UBS economist George Magnus calls for rate cuts
Wed 2007-11-21 00:00 EST
Financial Hypocrisy, by Joseph E. Stiglitz; "capital market liberalization brings instability, but not necessarily growth"; "while the current system may lead to unnecessary instability, and impose huge costs on developing countries, it serves some interests well"
Tue 2007-10-02 00:00 EDT
Thomas Palley >> Blog Archive >> Jack Welch's Barge: The New Economics of Trade; "Globalization...has made capital mobility rather than country comparative advantage the engine of trade."
blogs Archive; Jack Welch s Barge; new economically; Thomas Palley; trading.
Tue 2007-10-02 00:00 EDT
2007-04-14; Ralph Gomory; divergence of interests between multinational firms and their home country
