The Radford Free Press – Page 247 – All life is problem solving.

Economics / bank reform, banking, JP Morgan Chase, Keynes, Minsky /

Banking and Orthodox Economics: An Ugly Brew

May 15, 2012

Nothing that has emerged about the JP Morgan losses announced last week has altered my original conclusion. This was a basic failure of governance, of regulatory oversight, and of control. Oh, and of orthodox economics. Again. Yes there were rules in place to prevent such losses. They were ignored. Vanity, hubris, call it what you […]

Economics / bank reform, banking, JP Morgan Chase /

Banking Woes

May 11, 2012

Talk about bad timing. JP Morgan, the bank that can do no wrong, has announced a major loss. $2 billion to be precise. Or rather that’s the bit of the loss they know about so far. Banking is just so damn complicated sometimes. It takes a while to figure out how much capital has flown […]

Commentary, Economics /

Ideology or Science?

May 11, 2012

Probably both. America’s ideological nightmare continues. So extreme are the Republicans nowadays that they have just thrown out, in a primary battle, one of their long standing Senators. Lugar from Indiana lost his reelection bid and is replaced for this November’s Senate election by Tea Party nominee. The only notable things about this new candidate […]

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