Berfrois

Turgotonomics

Turgotonomics

Markets need much more tending and plenty of governmental care. The French found this out the hard way...

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‘Obama knew little economics, however, and he took the word of the orthodox…’

‘Obama knew little economics, however, and he took the word of the orthodox…’

From London Review of Books: Of all Obama’s appointments, the most damaging to his credibility with liberal supporters were Lawrence Summers and Timothy Geithner, the chief economic adviser and the secretary of the treasury. Geithner has the air of a perpetual young man looking out for the interests of...

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Zombie Economic Ideas That Refuse to Die

Zombie Economic Ideas That Refuse to Die

From Foreign Policy: Theories, factual claims, and policy proposals that seemed dead and buried in the wake of the  financial crisis are now clawing their way through the soft earth, ready to wreak havoc once again. Five of these zombie ideas seem worthy of particular attention and, if possible,...

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The Time of Monsters

The Time of Monsters

Athens protest, May 5, 2010, Jesse Garcia   From New left Review: During this year’s protests against the Eurozone’s austerity measures—in Greece and, on a smaller scale, Ireland, Italy and Spain—two stories have imposed themselves. The predominant, establishment story proposes a de-politicized naturalization of the crisis: the regulatory measures...

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Very very very very very dishonest

Very very very very very dishonest

Mel Brooks and the Bankers | by Thorvaldur Gylfason

Vox

The fraudulent CEOs of the 1990s and their accounting allies were the real-life Bialystocks and Blooms

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