The Committee to Save the Banks – Part III: Paulson the Puppet Master
//
0
/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
///
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: Financial Regulation Works
A decade has passed since the acute phase of the Great Financial Crisis and the question is finally being asked: does financial... Read More
PhD Economist Derp: Peer Review Is a Seal of Approval
When defending one of their many ill-conceived theories, Economists will frequently mention the theories appeared in peer reviewed academic journals. For those... Read More
Stiglitz, Friedman and the Information Matrix
The Information Matrix sheds new light on a decades long argument between Nobel prize winning Economists Joseph Stiglitz and Milton Friedman. The... Read More
PhD Economist Derp: Macro Prudential Works in Practice
Macro prudential regulation is bad in theory and even worse in practice. In theory, financial regulators are suppose to scan the financial... Read More
PhD Economist Derp: 2008 Crisis Result of Flawed Financial Plumbing
According to PhD Economists at the University of Chicago Booth School of Business, The storm that rocked the world economy in 2008... Read More
PhD Economist Derp: Exogenous Shocks
In the world of PhD Economists, it is sudden exogenous “shocks” that cause a financial crisis. What does this mean? To find... Read More
PhD Economist Derp: Financial-Storm Forecaster
Perhaps the peak of PhD Economist Derp occurred when several Nobel prize winning Economists publicly calling for the creation of the Office... 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: Assume Transparency Exists
///
Yesterday, I wrote about a 1926 Atlantic Magazine article written by William Z. Ripley. This article, Stop, Look, Listen! The Shareholders’ Right to... Read More
PhD Economist Derp: Are Banks Opaque? No!
PhD Economists at the BIS set off to find out if banks are opaque (hint: the BoE’s Andy Haldane referred to them in... 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
PhD Economist Derp: Shadow Banking is a Creature of the Night
///
Since the acute phase of the Great Financial Crisis began in September 2008, there has been an explosion of articles by PhD... Read More
PhD Economist Derp: The Pretense of Knowledge
PhD Economist Derp knows no limits when their self-proclaimed expertise in markets is challenged. Harvard professor Dani Rodrik suggests ten commandments for... Read More