Here in Vanity Fair. Hat tip to askheidi at Reddit.
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Here in Vanity Fair. Hat tip to askheidi at Reddit. I love any combination of economic commentary and cartoons (for obvious reasons); I was particularly tickled to see this a week or so ago–it’s Chris Ware’s rejected cover for Fortune’s May issue. Check it out–it’s worth savoring. Krugman’s nearly always good, but this column is simply superb–a reader who started the column not knowing a blessed thing about ratings agencies would, by the end, understand what they do, what the problems with them are (93% of mortgage-backed securities given AAA ratings in 2006 are now junk, which I didn’t know), and what […] In a PBS interview, presidential advisor (and Clinton treasury secretary) Larry Summers gave his take on financial reform. Most of the interview is unobjectionable, but this gave me (and others) pause: April 27th, 2010 | Category: Uncategorized | Leave a comment I came across this article recently, in which David Murrin, a hedge fund manager, opines that Obama’s tepid health care reform means the death of the American Empire. See, it shows that Americans want handouts, won’t take responsibility for themselves, bla bla bla. I don’t recommend actually reading the article–it’s entirely the sort of drivel […] The Chinese are selling US debt. That’s a big deal because, for the past several years, the Chinese have been selling their own currency and buying dollars (and other foreign currencies). If they start flooding the world with that money, the dollar might start to stumble. And if the dollar starts to stumble, it might […] So apparently, in the 2012 Olympics the police will have the power to stop people from entering events with non-sponsor items. Now I think that most everything you can buy is actually generic—cola is cola, soap is soap, a shirt is a shirt—and the fact that people actually care about brand is just sad. Really, […] The International Brotherhood of Electric Workers is suing Goldman Sachs for overpaying its executives. That may seem odd–what do electricians have to do with Goldman Sachs, after all–but unions have pension funds, and the pension funds own stocks, and stocks represent ownership of companies. Companies like Goldman Sachs. So when the managers of GS enrich […] Always happy to see when a cartoon goes to the heart of an economic issue, especially one that’s usually treated as something arcane. Rall, if you don’t know his work, is excellent–his work in Afghanistan is more informative than a building full of cable news talking heads. EDIT: Forgot to mention: originally found through DrDm […] I was pondering writing a post in praise of inflation. That sounds heretical, but really, our economic problem comes down to: Paper wealth (like a dollar bill) gives you a claim on real wealth (like a candy bar). We let paper wealth (stocks, bonds, house prices, etc.) get so far out of hand that there’s […] |
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