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Browsing Category
Political Economy
Barack Obama wins the 2009 Nobel Peace Prize
Via the Telegraph: From the moment that President Barack Obama - who has won the Nobel peace prize - entered the Oval Office, he made clear that resolving the conflict in the Middle East would be a key priority of his foreign policy.…
TARP was sold to Americans under false pretenses
Hank Paulson and Ben Bernanke told us when the Troubled Asset Relief Program (TARP) was launched that they were not concerned about the health of our banking system. In fact, this was not the case. They were concerned about specific…
Sweden prepares for financial collapse in Latvia and major bank losses at home
The following is my translation of a much-discussed article that appeared in Swedish daily Svenska Dagbladet at the weekend. This information was being withheld from the public and leaked at an inopportune moment. Note that the…
A conversation with Rahm Emanuel on Charlie Rose
The most newsworthy item in this clip is Emanuel saying that the healthcare bill cannot pass the Senate with a public option. Along those lines reports are now coming out that the Obama Administration is negotiating with Senator Olympia…
Obama caves to pressure on consumer financial protection
At issue here is the news that the Obama Administration dropped plans to force financial institutions to offer “plain vanilla” financial products that are simple enough for consumers to understand. My headline is editorial enough on this…
Video: How German elections are shaping up
Below is a Market Watch video showing what ordinary Germans think heading into the general election. Right now it’s looking like a right of center government of the CDU/CSU/FDP. But, it will be down to the wire. Likely, there…
Palin: Asia speech re-casts her as Libertarian and slams Obama on China
Sarah Palin the populist has become Sarah Palin the free trader. In a wide-ranging and well-received speech in Hong Kong, Palin supported a more Libertarian free-market approach, slamming the recent imposition of tariffs on Chinese tires by…
The origin of the U.S. dollar as legal tender and its link to Depression
I have been very interested in the concept of legal tender of late because of the revelation this summer that the State of California was issuing I.O.U.’s to honour its debts instead of paying in U.S. Dollars, which are legal tender and…
Obama to re-authorise three provisions of Patriot Act
After the arrest of suspects based in Colorado and New York in an alleged 'varsity level’ terrorist plot, the spectre of terrorism in the United States has re-emerged as an issue, one that also has economic overtones because of the…
Bloomberg News is still after the Fed for more disclosure
Bloomberg News editor-in-chief Matt Winkler wrote an Op-Ed in the Wall Street Journal yesterday explaining why he is after the Federal Reserve to come clean about it’s secret lending program during the height of the financial crisis.…