Exponential Finance
Yves here. As much as the overall thrust of this guest post has merit, I'm always leery of forecasts that amount to "trees grow to the sky."
New York Times Tells Us Only Chinese Near Slave Labor Could Handle Steve Jobs’ Demands
A New York Times story, "How U.S. Lost Out on iPhone Work," uses an Obama dinner with Silicon Valley titans to frame its tale of why the US middle class should roll over and die. I am of course exaggerating for effect. But not by as much as you might think. The story by...
American Exceptionalism and Euro-Bashing, Adam Davidson Style
Adam Davidson has an article in the Sunday New York Times Magazine, "The Other Reason Europe is Going Broke," that manages the impressive feat of making you stupider than before you read it. It misrepresents most of the few facts it contains in appealing to American prejudices about our cultural, or in this case,...
Amar Bhide: Backstopped Banking Must Be Boring
Amar Bhide, a former McKinsey colleague, one-time proprietary trader, and now professor at the Fletcher School, takes a position in the New York Times today that goes well beyond Volcker Rule restrictions. He argues that all financial deposits need to be guaranteed, and as a result, what is done with those deposits needs to...
Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy – Part II
By Dan Kervick, a PhD in Philosophy and an active independent scholar specializing in the philosophy of David Hume who also does research in decision theory and analytic metaphysics. Cross posted from New Economics Perspectives
Reflections on Modern Money
Before considering what it would mean to make our monetary system more democratic, let’s begin by calling...
Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy
By Dan Kervick. Cross posted from New Economic Perspectives
A new year is upon us. And even before its first hour has been rung in, 2012 is already taking shape before us as a pivotal year in global politics. We can all feel the awakening under way. A revived longing for...
Philip Mirowski: The Seekers, or How Mainstream Economists Have Defended Their Discipline Since 2008 – Part III
By Philip Mirowski, Carl Koch Professor of Economics and the History and Philosophy of Science University of Notre Dame. Professor Mirowski has written numerous books including More Heat than Light, Machine Dreams and, most recently Science-Mart
Edited and with an introduction by Philip Pilkington, a journalist and writer living in Dublin,...
Matt Stoller: Why Does the Dallas Fed President Want to Destroy West Coast Port Unions?
By Matt Stoller, the former Senior Policy Advisor to Rep. Alan Grayson and a fellow at the Roosevelt Institute. You can reach him at stoller (at) gmail.com or follow him on Twitter at @matthewstoller. Cross posted from New Deal 2.0
The FOMC is far more secretive than most government agencies, and after reading the transcripts of...
