Economic Doom on Ice
The financial world is plodding along like a drunken sailor avoiding debt collectors by keeping no cash in his wallet. It’s not the kind …
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Yellen, the Most Qualified Since Arthur Burns
There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw …
Is Wall Street Really the Heart of Capitalism? Blaming the Wrong People for 2008
The other night, I tuned into The Flaw, a 2011 documentary about the 2008 financial crash. While telling the crash story, the movie flashes …
Banker Hypocrisy and Zombie Homes
Walking away is not just for homeowners anymore. Now banks have joined in and are walking away, leaving thousands of homes vacant because they …
Deposit Taxes: Should We Prepare?
There’s no way it could happen in the United States. That’s the conventional wisdom on this side of the pond about the ECB’s bailout …
Is it Cronyism to Ride the Boom?
After the bust of 2008, well-connected corporations and banks lobbied for and received many billions in bailouts from the government. The public was outraged. …