The Radford Free Press – Page 388 – All life is problem solving.

Economics / debt crisis, Euro, Greece, stock market /

Beware: Mad Greeks

May 6, 2010

I haven’t written about the Greek debt crisis largely because my focus here is the US economy, but it bears at least a mention. Especially in view of the violence of the opposition to the austerity programs the Greek government is having to implement in order to qualify for foreign aid. This is quite simple. […]

Economics / bank reform, banking /

Why I Think Big Banks Are Bad

May 4, 2010

Just to be clear. Big banks are contaminated by complexity. They are too to understand. Thus they are inherently even more unstable than smaller banks. And that’s saying a lot. The economics goes like this: Large bureaucracies like banks are networks. Those networks shuttle information around and are designed to manage tasks. Each task contains […]

Economics / bank reform, banking, recession, recovery, Reinhart, Rogoff /

Bank Reform and The Recovery

May 4, 2010

Yes the two are intertwined. There is no doubt that in order to achieve solid sustained growth over the next few years we need to reform our banking system. So while bank reform may appear to be arcane and, frankly, marginal, it is so central to all our prospects that everyone should be as active […]

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