Monday, January 19, 2015
And as usual, when something like this happens, there's lots of rather poorly informed commentary making the rounds out there. Judging from their writing, I think that financial writers must not make very much money, so it is probably understandable that most of them don't have much of a grasp of monetary matters or any real incentive to learn, especially as concerns exchange rates and central banking. But at least some of these guys should know better, especially the ones talking about deflation.
So, once again, I'll do what I can to try and correct the internet...
Sunday, June 8, 2014
But I do think I have something happy to say about Piketty's new book which also might happen to be smart. I confess to not having read the actual book (which is something of an economic tome at 700 pages, and a bestseller on Amazon, no less, an unusual juxtaposition, to say the least). But I have read reviews! And I will try to be fair, and trust that the reviews have been more or less accurate. I also don't intend to go into great detail, but just to stick with the basic idea, which I also confess to be a really interesting one, but, alas, as I said, wrong on a very central point.
Friday, February 7, 2014
It is funny, and has a kernel of truth to it (I did these sorts of things growing up, too, and could do them still if the urge ever really got hold of me), but it did set me into a bit of a melancholy state, because it is very easy to make observations like this and come to conclusions that I think are a bit off and too optimistic.
Sunday, May 26, 2013
Holy moly, this lady is the mother of all smoking guns. If half of what she says is true - and from what I heard from her on the radio, she gives every indication of being legit - the mother of all cats is about to come out of the bag.
She really is unbelievable. She is hopelessly naive, moralistic, and somehow got past the gatekeepers and landed herself right in the middle of the international banking system. She's been in the middle of 20 years worth of scandals at the highest levels and decided to blow the whistle.
Maybe I'm late to the game on this one, but this is the first I've heard of her. And she basically confirms all the worst things you might have guessed about places like the IMF, the World Bank, the national governments, etc.
For some reason, she's naive enough to think it's a matter of rooting out corruption, and she still has faith in state governments, but anyway, 100% worth listening to if you are into that kind of thing.