How Iceland Beat the Banks
Worth watching to the end:
Bearish News
Subscribe by email
Reading List
Favorites
- 7 Cartoons from the Great Depression
- Debunking Mr. Krugman's Debt-GDP Defense
- Don't Blame Free Markets, They Never Existed
- Flaws in the Deflation Case
- Greenspan Was NOT Free-Market
- Has the US Reached The Hyperinflation Tipping Point?
- Interview: Five Questions for William K. Black
- World health and wealth, visualized over the last 200 years
Good Reading
Categories
Archives
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
2 Comments
MIchael Lewis and the Heart of the US Economic Policy Failure and Crisis
“Corruption is a tree, whose branches are
of an immeasurable length: they spread
Everywhere; and the dew that drops from thence
Hath infected some chairs and stools of authority.”
Beaumont and Fletcher, The Honest Man’s Fortune
Michael Lewis has written an excellent pocket analysis of the financial crisis in The New Republic, in his review of Greg Smith’s book about why he left Goldman Sachs. I have to admit some prejudice, because he says all of the things which I have been saying, and says them very well.
Crony capitalism has always been with us, but it took wing in the 1990′s, and has brought us to this place where we would not wish to be.
Michael Lewis does an excellent job of distilling the problem and its solution to the basics, without necessarily touching on the need to reform the political campaign process, and the revolving door that enriches the politicians and regulators through betraying the spirit, if not the technical word, of their oaths of office.
Is a policy error still an ‘error’ if it is done purposefully?
http://jessescrossroadscafe.blogspot.com/2013/02/michael-lewis-on-heart-of-us-economic.html
So God Made a Banker
http://youtu.be/rCkIgBfP1I4