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To many people, it seems paradoxical that conservatives target not the worst social programs, but the best. There is no paradox. Bad government programs are desirable from the right’s perspective – they discredit government intervention. Good … Continue reading →
JPMorgan’s flacks and apologists have, unintentionally, exposed the fact that their cover story – hedging gone bad – is false. JPMorgan runs the world’s largest gambling operation in financial derivatives. The New York Times reported the … Continue reading →
JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives
Today Germany is the Big Loser, Not Greece
By Marshall Auerback Given the German electorate’s long standing aversion to “fiscal profligacy” and soft currency economics (said to lead inexorably to Weimar style hyperinflation), one wonders why on earth Germany actually acceded to a “big and broad” European Monetary … Continue reading →
The Merkel Myths that are Devastating Europe
By William K. Black (Cross posted from Benzinga.com) German Chancellor Merkel wishes to stamp out any belief that there is a “magic bullet” to deal with the renewed euro zone crisis.
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!
By William K. Black A remarkable, and terrible, thing has just taken place in the Netherlands of which few Americans are aware. The ruling Dutch political coalition collapsed when the ultra-right wing party (the Freedom Party, led by Geert Wilders) … Continue reading →
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!
By Marshall Auerback Nearly one Spaniard in four is unemployed, according to data released on Friday, as the country’s economic and financial predicament prompted a government minister to talk of a “crisis of enormous proportions”.The data from the National Statistics … Continue reading →
No, Mr. Krugman, Bernanke’s Conundrum is Completely Different
By Pavlina R. Tcherneva Our mainstream colleagues keep banging their heads against the wall. “Why, oh why wouldn’t Chairman Bernanke do more to rescue the economy?” Today Paul Krugman took on this question again, arguing that Chairman Bernanke should listen … Continue reading →
No, Mr. Krugman, Bernanke’s Conundrum is Completely Different
Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis
By William K. Black (Cross-posted from Benzinga.com) Presidential nominees of either U.S. party can secure economic advice from any economist in the world. This makes it all the more amazing and sad that they choose economists with track records of … Continue reading →
Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis
