Tag: Economics

One of the qualitative features of Modern Monetary Theory is that nations that have their own sovereign currency are not subject to the same constraints of countries that use another nation’s currency.  A quick look at France and Britain and the reaction of France to a threatened sovereign debt downgrade…

Most people remain blissfully ignorant of a growing global crisis in safe investment assets.  There are fewer and fewer “safe havens” for investors to park their money.   Why should you care?  Let me explain…

Barry Ritholtz, my second favorite economist, has an OpEd in The Washington Post this morning where he disarticulates the corpse of MF Global and carves it up into 6 key elements you need to know.

In what has to be the best dissection and exposition of Libertarian philosophy I’ve seen in some time, Philip Pilkington exposes the “Free Market” libertarian world view as a political and economic cult very much akin to Bolshevism in it’s structure and function.

I don’t think Newt will have much luck destroying the OECD the way he’d like to destroy the “reactionary socialist institution” of the Congressional Budget Office, though he might try.

A little humor from the good folks at GQ

No, not Heidi Klum models, but economic models and what they tell us, or more importantly, don’t tell us about economic reality.

A group of economists and other academics have started a new movement called Econ4.  It’s mission is to re-humanize economics away from what people can do for the market and back to what can the market do for people.

Sometimes it really pays to read the comments.

In last night’s “debate,” Mitt Romney was asked what he’d do about Italy’s debt were they to default (and by extension, Spain, Portugal, Greece, and France as well).  His answer? Same one he gave to the auto industry.  Let them eat cake.