Political Economy

Marshall Auerback sent me this video of Rollerball. I liked it so much, I thought I would post it.

Perhaps because they call themselves Communists, many observers, think the party is homogeneous, but it is not. There are forces of movement and forces of order. A FT columnist recently wrote about the possible threat to the post-Mao…

Federal Reserve Chairman Ben Bernanke's lecture series at George Washington University is most unfortunate. The first instinct, at least here, is to let it pass. Two of the man's characteristics will be addressed in what follows. First, his…

Here's another appearance by Bill Black spoke to RT's Lauren Lyster this past Wednesday about regulatory action in the MF Global case.

In yesterday's lecture, Federal Reserve Chairman rejected the idea that a return to a gold standard is desirable or practical. His pointed remarks come as Republican presidential candidate Ron Paul has fanned ideas in some quarters of the…

The LTROs may have helped ease this year's roll-over risk (Spain has met almost 50% of this year's refinancing needs). But they have not substantially altered the market's views of the risks of an eventual restructuring.

Germany and Papademos have ended Greece’s political sovereignty, but Greece gave up its economic sovereignty long ago when it adopted the euro. Two aspects of national economic sovereignty were inherently lost with nations that gave up…

This is a gold-level post for members only. The EU is deathly afraid of either Spain or Italy getting into trouble and will do almost anything these countries ask. On the other hand, Hungary is expendable. This has clear investing…

Here is a video of my latest appearance on Capital Account with Lauren Lyster. We spoke specifically about the situation in Europe; and that means Greece in the first instance. We also talked a lot about the ECB's LTRO program which I see…

The people at NECSI sent me the following interesting blurb on the relationship between rise food prices and social unrest