Stiglitz: Federal Reserve System Is Corrupt

Tim Iacono submits:

You have to give Nobel Prize winning economist Joseph Stiglitz credit for his candor in some remarks he made last week at a conference where financial market reform was discussed.

As recounted in this story over at the Huffington Post,…

La cupidité

If I’m reading this link from my usual news source correctly, Joseph Stiglitz’s new book Freefall: America, Free Markets, and the Sinking of the World Economy is being sold in France under the title Le triomphe de la cupidité (The Triumph of Greed).

The…

Moyers: GS Corporate Tax Rate = 1%

MOTHER JONES journalists David Corn and Kevin Drum offer a hard look at the obstacles to real reform of the financial industry.

click for video

January 8, 2010

Skip to part two.

BILL MOYERS: Welcome to the Journal.

The ancient Romans had a proverb: “Money…

Wednesday Reading

Some of what I am reading today:

Financial Reform: Lessons from 1929 (BusinessWeek)

Will California become America’s first failed state? (Guardian)

Fed Frets About Commercial Real Estate (WSJ)

Why business loves Charlie Rose (CNN/Money)

U.K. Faced ‘Bank Runs, Riots’ as RBS and HBOS Neared…

Cochrane Lambasts Krugman’s View of Macroeconomics

IPE at UNC submits:

By Kindred Winecoff

John Cochrane, one of the prominent "freshwater" economists that Krugman assaulted in his screed last week, has responded. (My feeble response to Krugman is here.) As much as anything, it reminds me of Kenneth Rogoff’s famous…