Economics
The Decline of the Dollar and other Economic News
A few financial/economic links to check out: The Dollar Adrift (WSJ): The dollar is getting killed, thanks to the Fed keeping the money spigot on full blast to “fight deflation” during this recession. So instead of dealing with a mere downturn, we’re setting ourselves up for a full-scale currency crisis as the rest of the... »
Health Care Reform Musings
Arthur Laffer has posted an opinion piece to the Wall Street Journal in which he points out several flaws with the present efforts towards health care reform. He (rightly, I think) asserts that the present suggestions, if passed, will only cause greater problems in an already flawed system.The argument? Laffer argues that the real... »
Pope calls for a “Global Authority” for worldwide economy
An interesting encyclical, “Caritas in veritate,” from Pope Benedict on Tuesday has expressed the need for a global government with “real teeth” that could manage the global economy and “open up the unprecedented possibility of large-scale redistribution of wealth on a world-wide scale”: “There is a strongly felt need … for a reform of the... »
Forbes article on Andy Beal
Excellent article on Andy Beal at Forbes.com today. A couple of especially noteworthy quotes:”We must be the only bank that has tripled in size in the last eight months, but we aren’t eligible for nothing,” says Beal. “The crazy thing is guys who weren’t real responsible are eligible.” “He thinks the government is going to... »