I've posted a link to a remarkable interview with the President of Iceland. He talks about how Iceland managed to overcome its economic problems in the past couple of years. The key, he says, lies with the fact that they were not afraid to let insolvent banks fail, and once the initial pain of bankruptcy and default was endured, the economy was ready to embark on a path toward genuine recovery. Iceland sets a great example for other Western countries who are dealing with insolvent banking systems. Hope you take the time to listen!
CBC.ca | The Sunday Edition | Iceland Recovery - Rothko Play - Is Europe Over?
Merry Christmas!
Sincerely,
Betsy
Tuesday, December 20, 2011
Friday, June 10, 2011
In Humor, Truth How the markets really work (from 2007)
You absolutely must take a couple of minutes to view this brilliant sketch on the US sub-prime mortgage crisis. It's a very funny and accurate account of the lack of integrity in high finance and its role in the mortgage bubble. Enjoy!
In Humor, Truth How the markets really work (from 2007)
In Humor, Truth How the markets really work (from 2007)
Friday, January 7, 2011
Monday, January 3, 2011
Niall Ferguson: Empires on the Edge of Chaos
Here is an excellent lecture by Niall Ferguson.
Niall Ferguson is in residence at the London School of Economics this year.
Niall Ferguson: Empires on the Edge of Chaos
Niall Ferguson is in residence at the London School of Economics this year.
Niall Ferguson: Empires on the Edge of Chaos
Monday, November 22, 2010
http://www.economist.com/node/17522368
The Economist publishes an article discussing the Austrian School.
http://www.economist.com/node/17522368
http://www.economist.com/node/17522368
The horrible truth starts to dawn on Europe's leaders
A truly fascinating read about the problems with the EU.
The horrible truth starts to dawn on Europe's leaders
The horrible truth starts to dawn on Europe's leaders
Sunday, September 13, 2009
Pork Industry Bailout: Obviously politicians did not learn anything from the 1930's
Through supporting perverse economic policies such as this pork industry subsidy, politicians prove that they really are as stupid as they seem.
USDA pledges $151 million for pork industry bailout
-The Wall Street Journal
"The Agriculture Department, in a bid to help the ailing pork industry, said Thursday it will buy an additional $30 million of pork in an effort to boost prices. The USDA already has pledged to purchase $121 million of pork this year for government food-assistance programs, but producers continue to struggle." (09/03/09)
USDA pledges $151 million for pork industry bailout
-The Wall Street Journal
"The Agriculture Department, in a bid to help the ailing pork industry, said Thursday it will buy an additional $30 million of pork in an effort to boost prices. The USDA already has pledged to purchase $121 million of pork this year for government food-assistance programs, but producers continue to struggle." (09/03/09)
Subscribe to:
Posts (Atom)