En Español:
Recent Comments
- John A. Johnson on When synchronicity works better than Google (or The Year of Nothing, Part 4)
- Consumerist drones of the world, unite! | The Alan Furth blog on “It’s complicated,” or the relationship of market anarchism with taxes
- Agresión | El Blog de Alan Furth on Subsidizing apocalypse
- Subsidizing apocalypse | The Alan Furth blog on “It’s complicated,” or the relationship of market anarchism with taxes
- “It’s complicated”, or the relationship of market anarchism with taxes | The Alan Furth blog on Subsidizing apocalypse
Tag Archives: Financial crisis
Boston University’s Laurence Kotlikoff: “U.S. Deficit Really $202 Trillion”
Peter Gorenstein reports at Yahoo Finance: As the deficit grows so does the national debt, which is currently more than $13.3 trillion, according to official figures. But the situation is actually much, much worse, according to Boston University economics professor … Continue reading
Six dangerous cliches about how the economy works
Giordano Bruno at Neithercorp Press has a brilliant essay that deconstructs six typical cliches people recur to for rationalizing the sheer insanity of the global economic system, despite the mountains of evidence in front of our eyes: 1. The economy … Continue reading
On Hayek, Pinochet, and disillusion
I recently re-read Friedrich Von Hayek’s Road to Serfdom, which I read for the first time ages ago, with high expectations as to its relevance for understanding the current trend towards authoritarianism sweeping most of the Western world. I found … Continue reading
Posted in Demagoguery and sophism, Globalization, Latin America
Tagged Chile, Financial crisis, Hayek, Pinochet, Yves Smith
3 Comments
Former Bundesbank Head Karl Otto Pöhl says Bailout Plan Is All About ‘Rescuing Banks and Rich Greeks’
In an interview with Spiegel, former Bundesbank head Karl Otto says it as it is, reminding us what perhaps is the global financial crisis biggest elephant in the room: SPIEGEL: Mr Pöhl, are you still investing in the euro — … Continue reading
Clarke and Dawe on Europe’s lending merry-go-round
My favorite line: “How can broke economies lend money to other broke economies, who haven’t got any money, because they can’t pay back the money the broke economy lent the other broke economy and shouldn’t have lent it to them … Continue reading
