…effects in my list. Personally, I think that financial markets are diversified enough (both physically and monetarily) that the financial effects of any particular terrorist attack are quickly erased. In…

Via Andrew Samwick comes the latest from FactDistort.org who attack Senator Reid’s Social Security Calculator with this: In fact, the calculator is rigged. We find it is based on a…

Two CNN stories tell us clearly what our GOP leaders care about. If the issue involves past behavior by officials of other governments that does not involve U.S. taxpayer dollars,…

…are struggling financially with massive debt and very little equity and we noted here on the Pension Benefits Guaranty Corporation may be teetering on the edge of bankruptcy. Yet another…

…US’s entire financial system. It was a financial disaster narrowly averted by careful Fed action (mainly in the form of coercing major banks to help out LTCM). However, Greenspan had…

…previous (excessively long) post, these units of exchange/financial assets embody exchange value — money. Hence (alert: precise definition here) money is exchange value as embodied in financial assets. Money does…

…markets in the same way? One is a circular flow in which supply is never consumed (that is the sine qua non of financial assets: they embody exchange value that…

…spend more. Thus, we see a form of financial repression at work which has the effect of suppressing consumer spending to the advantage of the government and owners of capital….

…of the two may lead to a long period of chaotic financial conditions. The “known unknown” is the magnitude of the increase in U.S. interest rates following the scaling down…

…to greater levels or effective demand rises, but we are now pushing palpable levels of financial instability. Further loosening of monetary policy only makes the eventual fall that much harder….