Economics

I saw this post with cool pictures on popping bubbles and I thought about Alan Greenspan.  Sir Alan says you cannot recognize bubbles until after they have burst.  I think that’s nonsense – certainly in the case of the “Great…

In the clearest signal yet that we are still in a potentially devastating global deflationary spiral, The Riksbank, Sweden’s central bank and the world’s oldest central bank, has effectively cut interest rates to minus 0.25% and has started…

Of late, there have been a lot of worries about he potential for inflation in the U.S.  Marc Faber is the most noted pundit in this regard. Over-the-top comments he made back in May about hyperinflation in the U.S. may have been a catalyst…

Posner is touting his new book "A Failure of Capitalism: The Crisis of '08 and the Descent into Depression." This video with Charlie Rose runs just under 25 minutes.

Alan Blinder, David Leonhardt, and Alan Auerbach talk about deficits.  Leonhardt had a well-regarded piece in the New York Times on the issue linked below. There are two basic truths about the enormous deficits that the federal…

Submitted by Edward Harrison of the site Credit Writedowns. During the last generation, the economics profession has veered toward a ‘science’ model of economics and finance. The intellectual underpinnings for this development began with…

The real lecture begins about 5 minutes through.

Nearly a month ago, back on May 5th, I highlighted some testimony by Federal Reserve Chairman Ben Bernanke before congress in a post labelled, “Bernanke expects recovery later this year". In his testimony, Bernanke used the phrase…

So we can put a check by Paul Kasriel’s name for inflationistas because he has come out today with a report saying he believes it is inflation over the medium term which is the greatest risk to the economy. I will not keep you in…

I received a high-quality note from Marc Chandler, Chief Currency Strategist at Brown Brothers Harriman, which I think worthy of posting.  He makes several points which are game changers regarding fiscal and monetary policy.  They…