There are quite a few people who object to my strongly Keynsian view of economics. They don’t like stimulus packages; they hate nationalization; they produce scads of analyses showing definitively that the government causes all sorts of problems; and they adore monetary policy. Plus, strangely, they all seem to be big Ayn Rand fans. In […]

I think it’s time we had a look at what happens if nationalization of our major banks is off the table. Since this seems to be the position of the Obama administration we should try to dig into their alternative. In general the plan goes as follows: Hand over plenty of taxpayer money to the […]

In the midst of the Great Depression leaders from around the world met to attempt to coordinate a solution. They failed miserably. The summit broke up in rancorous disarray. I hope that the upcoming ‘G20’ meeting in London will not suffer this fate. Instead I would like to see it invoke action rather than conclude […]