Pathology, Prophylactics and Palliatives
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/Prospect Magazine asked a number of PhD Economists and Economic commentators what is the one lesson they wish Economists would learn. Imagine... Read More
The Committee to Save the Banks – Part I: The Background
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The Committee to Save the Banks sat down for a lengthy, friendly interview for the tenth anniversary of the Great Financial Crisis. What the... Read More
The Committee to Save the Banks – Part III: Paulson the Puppet Master
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Before looking at how the Committee to Save the Banks reacted to the acute phase of the financial crisis in 2008, it... Read More
The Committee to Save the Banks – Part IV: Defending the Indefensible
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The Committee to Save the Banks put on a clinic in their ongoing effort to defend their choice to save the banks... Read More
PhD Economist Derp: Economics is a Science
PhD Economists like to say Economics is closer to being a natural science then any of the other social sciences. Frequently, they... Read More
PhD Economist Derp: Not Just Another Opinion
Simon Wren-Lewis rolled out another defense of the indefensible. This time arguing an Economist’s opinion about the economy is more valuable than... Read More
Was it a Mistake to Save the Banks?
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Since the acute phase of the financial crisis began and the decision was made to “save” the banks, the question has been... Read More
The Response to the Financial Crisis Worked …. Hmmm ….
A decade after the acute phase of the financial crisis the Economics profession is still trying to make the case its policy... Read More
Newsflash: Macro Economists Did Not Prevent a Rerun of the Great Depression
After a decade of being derided for their failure to predict the financial crisis, macro economists want us to stop criticizing them... Read More
Those Who Helped Break the Economy Cannot Fix It
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Over a decade after the beginning of the Great Financial Crisis, the global economy has still not found its footing and moved... Read More
Gordon Brown: I save the world, except …
In what appears to be an endless stream of books by financial crisis policymakers, the UK’s Gordon Brown trots out his memoir.... Read More
Failure of the Experts has Lead to Fantasy Politics
The other day the Peterson Institute hosted a conference on “Rethinking Macroeconomic Policy“. The speakers were a veritable who’s who of the... Read More
Did Econ Nobel Winners Make Crisis Worse?
Regular readers know that financial crises take place in the Blind Betting quadrant of the Information Matrix. Information Matrix ... Read More
Paul Krugman Demonstrates Imperviousness of Economics to Change
The Great Financial Crisis should have been a great opportunity for the Economics profession. Not only to engage in a review of... Read More
2007 Financial Crisis used to build an unfair world
In response to the Great Depression, FDR not only reformed the financial system, but with the New Deal built a fairer country.... Read More