Monthly Archives: December 2009

Harsh lessons we may need to learn again

Harsh lessons we may need to learn again By Joseph E. Stiglitz (China Daily) http://www.chinadaily.com.cn/opinion/2009-12/31/content_9249981.htm Joseph Stiglitz recounts five “harsh lessons” from 2009: Markets are not self-correcting. Recent Markets failed because too-big-to-fail financial institutions had perverse incentives. Keynesian policies do … Continue reading

Posted in banks, economics, financial crises, inflation/deflation, markets, politics | Tagged , , , , , , , , , , , , | Leave a comment

Is Santa Facing Trade Sanctions?

Is Santa Claus a member of the WTO? Patrick Thomas, the U.K. Embassy’s policy adviser for trade and agriculture, and Tom Barry, first secretary, economics at the U.K. Embassy in Washington, look at the trade implications of St. Nick’s actions. … Continue reading

Posted in economics | Tagged , | Leave a comment

Sen. Bunning Succinctly Sums Up Fed’s Sins

In today’s Senate hearings to confirm the re-appointment of Federal Reserve Chairman Ben Bernanke, Senator Bunning succinctly lays out the greivous mistakes of the Fed in the years leading up to, during, and in the aftermath of the recent financial … Continue reading

Posted in banks, economics, financial crises, markets, politics | Tagged , , , , , , , , , | Leave a comment