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Monday, June 28, 2010

PressThink: The Politico Opens the Kimono. And then Pretends it Never Happened.

PressThink: The Politico Opens the Kimono. And then Pretends it Never Happened.

The Value of Economic Experts Experts

There is a debate going on about the value of opinions of those experts trained in economics versus pundits and bloggers with little training.

TheMoneyIllusion � Why won’t those &$*%#@ bloggers go away?: "Perhaps the problem is really cultural – a lack of humility and a lack of respect (or popularity) for those who write with humility. I can tell you, having swam in both the law school and econ school rivers simultaneously, that the things people in each subject confidently believe about the other are truly frightening."


From Kling. 

And the refute with the best name.

The Third Depression

Are things really this bad?

Op-Ed Columnist - The Third Depression - NYTimes.com

Friday, June 25, 2010

U.S. Lawmakers Reach Accord on New Finance Rules - WSJ.com

Like the health care bill: messy, not perfect but confirms the importance of democratic control of the house and senate.
The major fault is not applying more stringent capitalization rules.

U.S. Lawmakers Reach Accord on New Finance Rules - WSJ.com

Monday, June 21, 2010

Financial Reform Fails

Financial reform failed because Obama fell sway to persuasions of Wall Street.

Dead On Arrival: Financial Reform Fails � The Baseline Scenario

Great quote from the comments:
 Evo Morales of Bolivia put it best: “Obama is trapped by capitalism and the structure of imperialism. There is little difference between Bush and Obama!”

Monday, June 14, 2010

Karzai as ibn Saud

What exactly is the Army doing escorting American geologists around Afganistan? How many died for this project?


Karzai as ibn Saud | Talking Points Memo: "'a small team of Pentagon officials and American geologists' has discovered vast mineral deposits in the country"

Tuesday, June 08, 2010

Apple Unveils iPhone 4


Even Jobs has trouble uploading sometimes.

Apple Unveils iPhone 4 - WSJ.com: "during Mr. Jobs's presentation. The CEO had difficulty getting Web pages to load, causing the crowd to go silent at one point."

Taxation: And now, a moment of populism | The Economist

The rich are different. They have attorneys to help them evade tax.


Taxation: And now, a moment of populism | The Economist

Saturday, June 05, 2010

Rajiv Sethi: The New Market Makers

The need for more regulation of high frequency traders. What is allowed and what is market manipulation needs to be defined.

Rajiv Sethi: The New Market Makers

Wednesday, June 02, 2010

Warren Buffett's Shameful Performance

The goggles are starting to come off.


Warren Buffett's Shameful Performance | Capital Gains and Games

The BP Oil Spill’s Lessons for Regulation

The BP Oil Spill’s Lessons for Regulation - Project Syndicate: "Economics teaches us that when there is huge uncertainty about catastrophic risks, it is dangerous to rely too much on the price mechanism to get incentives right. Unfortunately, economists know much less about how to adapt regulation over time to complex systems with constantly evolving risks, much less how to design regulatory resilient institutions. Until these problems are better understood, we may be doomed to a world of regulation that perpetually overshoots or undershoots its goals."