Marshall Auerback 138 posts 10 comments

I think Bernanke probably will still get through. Congress need sixty votes to remove a filibuster hold. Thereafter, they only need fifty votes to get Bernanke through. I suspect Obama will go to senators like Barbara Boxer and say:…

I picked up this Robert Reich quote from Politico’s Open Mic section, which echoes the sentiments expressed by a Massachusetts voter in my recent post “President Obama, are you listening?”: A third political party is emerging in…

Earlier in the week, I wrote a post-mortem on the Massachusetts Senate race won by Scott Brown. I saw the results as a signal that Americans are worn out by fraud and corruption. I found one comment from a registered Democrat particularly…

Marshall Auerback here again.  A lot of good questions surrounding my piece on the euro. Many of them seem to revolve around the issues of why the euro gets weaker when national governments deficit spend, and the issue of whether my…

Back in July, Ed pointed to some comments by George Soros on currencies that I felt were perceptive. Soros said: The dollar is a very weak currency except all the others. With most major currencies down significantly against the…

Marshall Auerback here with a post which I originally published at New Deal 2.0. I wrote an earlier post called Spain: Deficit Terrorism in Action to explain some of the institutional flaws at the heart of the euro zone.  This post…

This is a post which I originally published at New Deal 2.0. Ed mentioned yesterday in his post Credit crises, market equilibrium, economic policy and fiat currencies that both the neoclassicals and the Obama Administration believe the…

Federal Reserve Chairman Ben Bernanke recently defended the Federal Reserve’s low-interest rate monetary policy which preceded the housing bubble in the United States. Bernanke instead pointed to a lack of regulatory controls as the major…

This is a post which I originally published at New Deal 2.0. Ed mentioned earlier today in the links that I was going to post to add some variety to the discussions at Credit Writedowns. So, here is an article on Spain and the EU which…

Marshall Auerback here with a commentary on Robert Rubin’s recent Newsweek article on getting the economy back on track. As we all know, during his tenure as Treasury Secretary, Robert Rubin laid the groundwork for today's crisis through…