Plaza Accord redux
As we head into what will, in all probability, turn out to be just another tax-payer soaking, fatuous gab-fest, the G20 meeting has begun…
The ABC(T) of the Crisis
‘And on one occasion I almost got [Keynes] to understand what I mean when I tried to explain to him that in certain circumstances…
Ben Bernanke’s Latest Bubble
Ever since Chairman Bernanke’s infamous Jackson Hole speech in August, markets – previously beginning to wilt under the weight of relatively poor economic numbers…
Desai: Building with straws
Meghnad Desai – Building with straws – Financial Express Though this article suffers from the Ricardian-Marxian cost-of-production fallacy in trying to separate ‘price’ from…
Deleveraging vs Leviathan
Much ink has been spilled (and some even coherently applied) over the vexed subject of ‘deleveraging’ and its likely impact upon the economy-at-large. For…
Farage saying what many people want to say on Europe
Nigel Farage, on form:
Dangerous Etatism
And so the beat goes on. Etatiste Nobel winner Stiglitz rails that ‘austerity’ (wherever THAT is being practised) is an economic ‘disaster’; étatiste Nobel…
Throwing good money after bad
There is an old military dictum (seemingly more honoured in the breach than the observance, these days) that one should never reinforce failure –…
Hannibal iterum ad Portas
That soul which once convulsed the world will meet its end, Not from a sword, or stones, or spears, but from an object Which,…
Grossly Distorted Product
It should not come as a shock to readers of your author’s musings to learn that he views the mindless, repetitive, near-valueless kerfuffle which…