…in the American economy at a conference at the Capitol put on by New America’s Open Markets program. Though the speech has so far gotten only a modicum of attention—the…

…refused to pay anything.* There is a payment due on 20 March—19 days still in the future. The financial markets—heck, everyone who runs a diner in Queens—may well believe that…

…Panglossian view that a system of “free markets,” including financial markets, is self-regulating and self-stabilizing. Bernanke is surely right about this. The scholar of the 1930s has to be aware…

…from the Clinton campaign days, goes only so far. It doesn’t tell us, for example, what parts of the economy are most important–is it the stock market’s well-being, and indirectly…

…1.5 gigawatts of new solar power last year. In some markets, such as Texas, installing wind turbines for electricity generation is now actually cheaper than building natural gas plants! Reflecting…

…markets will feel the effects.… In reaching every charging decision, we must take into account the effect of an indictment on innocent employees and shareholders, just as we must take…

Gavin Kennedy reminds us that handy metaphors used to sell fictions about either free markets or ‘the force’ at work are just that: Smith is a conjecture about the virtues…

…immediately after such a bill is passed, the lobbyists will be back on the floor. First they’ll demand a temporary extension while markets “adjust” (mostly bulls..t). Then they’ll demand that…

Today’s New York Times article on rapid online repricing by holiday retailers depicts a retail world starting to approach the “flash-trading” status of financial markets: Amazon dropped its price on…

…its zombie existence in the textbooks. Open your wallet again: Yes, you see things called dollars, but most likely you also see a piece of pallastic labeled Visa or Mastercard….