Forcing the more productive, intelligent and resourceful people in the economy to bear the weight of those who should be going out of business is just stupid. That hasn’t stopped countries from trying it. But the IMF points out that most countries abandon it. And what would happen to government revenue when the economy slows?
June 26th, 2010 | Nickolai Hubble | 11 comments | ContinuedAll Posts Tagged With: "Krugman"
A Funky, Junky Economy
Yes, dear reader, now our leaders are called upon to solve problems that they are not equipped to solve. They are not prepared for the challenge. They cannot do it. Even the best minds in the world are stumped.
June 9th, 2010 | Bill Bonner | 1 comment | Continued
Chaos No Longer a Theory
A German reporter with a very poor, or very excellent, sense of humour has been handing out the old Greek currency (Drachma) to Greeks on the streets of Athens, just to record their reaction. He obviously didn’t expect to get the worthless paper torn from his hands – literally.
May 8th, 2010 | Nickolai Hubble | 0 comments | Continued
Bubble Era Economic Model Worked Until Consumers Ran Out of Money
The consumers can’t really go back to borrowing, can they? Nope. Not without digging themselves deeper in the hole…or actually earning more money.
April 6th, 2010 | Bill Bonner | 0 comments | Continued
Why Else Would Anyone Lend the Feds Money or Back their Health Care Bill?
Yes, we’re expected to believe that the bad news bears – Bernanke, Summers, Geithner et al – have now won the World Series…by not only preventing a depression…
March 31st, 2010 | Bill Bonner | 2 comments | Continued
Chermany vs. Gremerica
The big exporters – China and Germany, who Martin Wolf calls “Chermany” – ran big trade surpluses. The big spenders – notably Greece and the US, who we will call Gremerica – ran large trade deficits.
March 29th, 2010 | Bill Bonner | 2 comments | Continued
If the Economy is Recovering Maybe the Feds Will Reduce their Stimulus
If the economy really is heating up, mightn’t it melt all that money and credit frozen by the depression?
February 2nd, 2010 | Bill Bonner | 0 comments | Continued
The Fallacy of the Fallacy of Composition
Recently, Yukio Hatoyama, the new Japanese Prime Minister, proved it again…revealing a budget deficit that must have made Paul Krugman drool. The Japanese government will spend 92.3 trillion yen next year…
January 18th, 2010 | Bill Bonner | 0 comments | Continued
