Economic Doom on Ice
The financial world is plodding along like a drunken sailor avoiding debt collectors by keeping no cash in his wallet. It’s not the kind …
banking
Yellen, the Most Qualified Since Arthur Burns
There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw …
Is Wall Street Really the Heart of Capitalism? Blaming the Wrong People for 2008
The other night, I tuned into The Flaw, a 2011 documentary about the 2008 financial crash. While telling the crash story, the movie flashes …
Banker Hypocrisy and Zombie Homes
Walking away is not just for homeowners anymore. Now banks have joined in and are walking away, leaving thousands of homes vacant because they …
Deposit Taxes: Should We Prepare?
There’s no way it could happen in the United States. That’s the conventional wisdom on this side of the pond about the ECB’s bailout …
Is it Cronyism to Ride the Boom?
After the bust of 2008, well-connected corporations and banks lobbied for and received many billions in bailouts from the government. The public was outraged. …