malinvestment

If I could relate the concept of malinvestment to business administration I would do it using the concept of depreciation.  Depreciation is a term used in accounting and business to represent a writedown of a real asset on a…

I re-posted my April 2009 post, “Barack Obama as Herbert Hoover” in response to the recent deficit reduction gimmick offered up by the Obama Administration and Marshall’s similarly titled “Barack Hoover Obama.”  The point of my post…

This is a post I wrote in response to an ongoing debate about financial crises, credit revulsion and deficit spending over at Naked Capitallism. See the four links in the first paragraph for the precursor articles. DoctoRx, Rob Parenteau…

Late last year, I predicted that China, as a major exporter to the West, would feel a huge impact from the meltdown in the global economy, taking it’s growth rate down to 2% (See Top ten predictions for the 2009 global economy). Forgetting…

Note from June 2010: You'll forgive me if I have conflated private and public sector debt below as if they are the same. They are not. When I speak of deficit spending in the same voice as private sector debts, I really point to deficits to…