Political Economy

In honour of Greece, I present you a little Greece Lightning. Let's hope this is what European policy makers are using this weekend. Why this country could be automatic It could be systematic, hydromatic, ultramatic Why it could be…

Media reports suggest that a recent article in German daily Frankfurter Rundschau are what have triggered the latest selloffs in Greek sovereign debt (See the Telegraph's account here; hat tip Swedish Lex). This article leaked portions of a…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). April 7 (Bloomberg) -- Former Federal Reserve Chairman Alan…

Just as an update to my post Greenspan: Hate Him, Hate Him, here is Jim Grant saying similar things. Update: Here is a new longer version of the video of Grant.

For the majority of us, the credit crisis we are living through has come rather unexpectedly. And because it has been both a surprise to many and a traumatic experience to yet many more, we are all trying to contextualize it using past…

Sir Alan Greenspan was in DC yesterday, defending his legacy before the Financial Crisis Inquiry Commission. James Kwak has a piece up on Sir Alan called "Greenspan: Love Him, Hate Him." I seriously doubt many people 'love' Alan Greenspan…

I was on a panel of bloggers at a conference at the Columbia School of International and Public Affairs, “Facing the Fracture: Media & Economic Understanding.” The event, organized by Anya Schiffrin and sponsored by the Roosevelt…

Peter Boone and Simon Johnson have just written a post "Greece And The Fatal Flaw In An IMF Rescue," at Baseline Scenario which outlines three scenarios for the Greek economy going forward. True Fiscal Austerity... We…

Earlier today, I had a brief e-mail exchange with Marshall Auerback in which I said that I had basically thrown in the towel on US (and global) policy makers. Early on in this crisis, I had advocated a number of policy paths which I think…

I am on my way to a conference called Facing the Fracture: The Media and the Economic Crisis at Columbia University sponsored by the Roosevelt Institute and I wanted to run a few thoughts on blogging by you. What I am going to say applies…