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    Commentary, Economics / banking, bankruptcy, Citibank, fiscal policy, Minsky /

    Bankruptcy At The Top

    July 6, 2011

    One of the more difficult aspects of our crisis to digest is the manifest bankruptcy displayed by our various elites. Intellectual and moral bankruptcy that is, since as far as I can tell they have all done rather well financially. Exhibit 1: The politicians who are now ranting and raving about what they call the […]

    Economics /

    Chapter Twelve

    June 28, 2011

    Wow. I never realized I was a chapter twelve kind of guy. Less so a part one guy. Who knew? I have come to this realization as a result of reading Paul Krugman’s speech at a recent conference commemorating the 75th anniversary of Keynes great General Theory. In general terms: chapter twelve is where he […]

    Economics /

    Turn Out The Lights

    June 28, 2011

    We should never be too hasty to turn out the lights. There is always the hope that our narrative can continue, and that this is not the last act, but is only an interlude in a much longer, and better, play. Then again, I am tempted to call for the curtain to drop on this […]

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