Why Niall Ferguson Misses the Mark
Niall Ferguson’s most recent column in the Financial Times is surely not as controversial as his penmanship this past summer. However, the more recent column misses the mark in [...] Continue Reading…
February 12, 2010 No Comments
Book of the Year - Lords of Finance
The Financial Times and Goldman Sachs have put forth their long list for Business Book of the Year. The winner amongst the many terrific nominees should be Lords of [...] Continue Reading…
August 27, 2009 No Comments
A Time to Blame or a Time for Humility?
Robert Samuelson, (who in full disclosure was a former neighbor) writes in the Washington Post today blaming economists for misreading the current crisis, failing to give proper warning. Instead, [...] Continue Reading…
July 6, 2009 No Comments
On Inflation, Martin Feldstein is Wrong
Martin Feldstein’s column, (June 29, 2009) on inflation opines that while federal stimulus is still necessary, a combination of looming deficits, federal reserve bond purchases, and skittishness of foreign [...] Continue Reading…
June 30, 2009 No Comments
The Fed’s Balance Sheet - Deflation Preventing and not Inflation Causing
The Federal Reserve released its combined 2008 Financial Statements on April 20, 2009. 2008 was stunning, with the balance sheet growing from $915 billion to $2.245 trillion. The major [...] Continue Reading…
May 27, 2009 No Comments
Ireland, Currency Controls, and Must Reads
Paul Krugman writes this week about the Irish Economy. In his column and blog, Paul notes Ireland is painfully transitioning, raising taxes to keep its fiscal position in line.
Let’s [...] Continue Reading…
April 22, 2009 1 Comment
The Treasury Plan - Pricing 101
Paul Krugman, in a blog post last week, offers an explanation for how private investors would think about asset purchases under the treasury plan. With no disrespect, here is [...] Continue Reading…
March 30, 2009 No Comments
Leverage in the Sports World
If you want to read about the econonic downturn, leverage (and over leverage) in the sports world, you must read Bill Simmons latest column. It is amazing and scary [...] Continue Reading…
February 28, 2009 1 Comment
On Shiller, Akerlof, and Inflation Targeting
The Fed mulls an inflation target, to stabilize the economy. Robert Shiller and George Akerlof, in their new book Animal Spirits, argue for a “credit target”, a level of [...] Continue Reading…
February 23, 2009 No Comments
Defending Tim Geithner’s Bank Bailout Plan
On February 10th, Secretary Tim Geithner announced the next wave of bank bailouts. The press - from the New York Times to major blogs, ripped the Obama Administration for [...] Continue Reading…
February 17, 2009 No Comments
