On Moral Hazard

This is a silver level post. The biggest problem most people have with the bailouts is not that the banks were bailed out but additionally that there seem to have been no consequences for individual actors, the executives that brought the…

News Links 03/05/2012

China cuts 2012 growth target to 7.5 percent, stability key | Reuters Chinese Premier Wen Jiabao cut his nation's growth target to 7.5 percent for 2012 to give the economy more room to slow down if…

News Links 03/02/2012

Fannie Mae seeks $4.6 billion in aid after Q4 loss | Reuters Fannie Mae (FNMA.OB), the biggest source of money for U.S. home loans, said on Wednesday it would seek $4.6 billion in additional federal…

News Links 03/01/2012

MMT as an ECB Alternative | Michael Hudson governments spend money (at least in principle) to promote long-term growth and employment, to invest in public infrastructure, research and development,…

News Links 02/27/2012

Obama’s dream: To run against Santorum - The Washington Post Let me be blunt: If Republicans nominate Rick Santorum to run for president, they will lose. tags:…

News Links 02/25/2012

Greek statement on bond swap: in full - Telegraph Athens has launched a bond swap with private investors to slash €107bn of the country's debt. Here is the Greek statement in full.…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More