Capitalism: The Unknown Ideal
There is an utter lack of understanding of capitalism all around. I will try and add interesting articles that discuss these issues in this collection.
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Curing One Financial Disaster With a Worse One
‘Committee to Save the World’ Fails Twice! It was 10 years ago this month that Time magazine gave us the Committee to Save the World: Looking proud, confident…Alan Greenspan, Robert Rubin and Larry Summers proposed to save the world from the Asian debt crisis… They should have left well enough alo …
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Eric Rosenfeld Talking LTCM, Ten Years Later
Fascinating video of Eric Rosenfeld talking at MIT about the collapse of hedge fund LTCM, and the lessons therein, ten years later. [via FinanceProfessor]
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American Recovery and Reinvestment Act [creditloan.org]
Breakdown of the bill, data visualization posted to a financal web site found via DataVisualization and via FlowingData Download FREE ePoster: Average Income in the United States Share and Enjoy:
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Kudlow: A Shotgun-Marriage Proposal
Lets wed the upward-sloping Treasury yield curve with mark-to-market reform.
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Is Capitalism Dead? Yes by Alan Reynolds
Even using only the narrowest meaning of the word — government ownership of business — the answer is clearly yes. Last year, the Bush administration trampled private property rights by expropriating 80 percent of AIG, Fannie Mae and Freddie Mac without shareholder approval. As should have bee …
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Hanson: The Audacity of Irony
By setting Barack Obama up as the messiah, the candidate and his team were setting up a rich source of irony. Unfortunately, his country will suffer at least as much as he.
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Five indicators for Debt in the U.S. (Numbrary)
From Numbrary. This site provides simple graphs for many different economic data sets and groups them by subject. The example below should the data for US Debt. Also allows users to upload data. {Click on the image to take a closer look} Technorati Tags: United States, DebtDownload FREE ePost …
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Murdock: President Obama May Reverse Damage of Ghetto Cultu...
Lets hope that Obamas example leads young black Americans to stop obsessing about white racism, reject hip-hop and ghetto culture, and embrace intellectual achievement.
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“It seems the era of Hope is to be inaugurated with a slaughter of the innocents.”
Theres a very powerful read from Gerald Warner in the London Telegraph today. [...] Read the rest »
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Photographing the President
TIME photographers Brooks Kraft and Christopher Morris reflect on the eight years they have spent covering George W. Bush
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President Reagan 1981 Inaugural Address
Reagan delivered his first inaugural address on January 20, 1981. Author: CSPAN Keywords: C-SPAN Added: January 14, 2009
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Skidelsky on Kenyes and Capitalism's Crisis
There is a thought-provoking cover piece in the current issue of Prospect by Keynes biographer Robert Skidelsky on where we go from here. A snippet: The enquiry must start with economics. If the case for the deregulated market system is intellectually sound, it will be very hard to change. Free- …
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Forget Japan, America Could Soon Look More Like Zimbabwe
One of the biggest fears today is that the US is entering a Japanese-like slump that could last a decade. But Justice Litle says we have learned the lessons from that crisis. This time, the government fears doing too little, but gives little thought about the risks of doing too much. And this is why …
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US Economy: 1920-2008 (Good Magazine)
Good Magazine in collaboration with Nigel Holmes created this historical survey of the US economy. The graph shows the GDP (grey) and the National Debt: real dollars (solid red line) and actual dollars (dotted red line) {Click on the image to take a closer look} Technorati Tags: United States, …
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Slow Recovery of Labor Markets
How long will the recession last? I don't know for sure, but we may be able to say something about how long labor markets will continue to struggle even after output growth begins to increase. The next two graphs show the unemployment rate and the employment to population ratio since 1948: …
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Research Paper du Jour: Forecasting 0 of the Last 1 Depressions
The most useful research paper you'll read today (or maybe this year) isn't new, but it's still very timely. The paper, "Forecasting the Depression: Harvard vs. Yale", cited in the weekend NY Time by Greg Mankiw, drives home how we shouldn't have been surprised at Depression-era economists …
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Freddoso: Obama, Unchecked
Worry about a filibuster-proof Democratic majority.
Contrarian Profits
Paul Kedrosky's Infectious Greed
Visualizing Economics
National Review Online
TIME: Top Photoessays
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