Tag Archive
The Global Debt Crisis
As the ominous example of Japan shows us, soaring debt levels (resulting from fiscal stimulus and low growth) and financial forbearance (socializing private losses) is not a recipe for economic success. FULL ARTICLE by Marius Gustavson Join the discussion and post a comment Related posts: The Debt Crisis Cannot Be Solved with More Debt Why not make it... »
Krugman Fails to “Get It” on Japan
It never occurs to Krugman that the policies of high leverage and of gambling on inflated asset values would not happen systematically if government were not acting behind the scenes. FULL ARTICLE by William L. Anderson Join the discussion and post a comment Related posts: My New Blog on Paul Krugman Filling the Holes in Krugman’s Analysis Sticking... »
Bailout Nation
Not the U.S., but Japan. Japan Airlines, after repeated bailouts, finally succumbed to its $25 billion debt load and filed for bankruptcy today. According to The Wall Street Journal: The company will be aided by a $10 billion lifeline from the government in the form of capital injections and credit, and by unloading billions of... »
The Fed Plan: Two More Years of Stupid Things
The WSJ reports on an interview with a Fed official who says that the central bank will keep rates at 0% for two more years at least. But right now, banks have no reason to lend (zero earnings) and no one has any reason to save (zero earnings), and the risk associated with long-term... »
‘Free the Children’ Update
I’m only slightly behind schedule on publishing my new book on government schools and rolling out a viable plan for what to do about them. One problem is that there are daily reports of new outrages in the schools, gang rapes, installation of breathalyzers, and so on. The free market miracle of... »
