Nick Hanauer talks like Marriner Eccles
Jim Tankersley on The Inequality Speech That TED Won’t Show (h/t Brad DeLong) Prepare to meet Nick Hanauer. He’s a venture capitalist from Seattle who was the first non-family investor in Amazon.com. Today he’s a very rich man. And, somewhat jarringly, he’s screaming to anyone who will listen that he, and other wealthy innovators like [...]
All Roads Lead to the Trillion Dollar Coin
Atrios called for minting the coin the other day. With John Boehner actively trying to destroy the U.S., why not mint a trillion dollar coin? A few open questions – how big should the coin be? Should it be gigantic, or tiny? I like the gigantic coin, but good arguments can be made for the [...]
Morning Caffeine 5-16-2012
cinnamon toast french toast + book preview | smitten kitchen Should MMR be a food blog too? 250th anniversary of the sandwich – Boing Boing Of course, there is only one article which does this justice: http://www.theonion.com/articles/it-is-my-hope-that-i-will-be-remembered-as-a-great,10896/ Wild Elephants gather inexplicably, mourn death of “Elephant Whisperer” | Delight Makers Is this even possible? Can You Call [...]
John Boehner to Play Chicken with the US Economy….
It’s unfortunate to see this continued level of misunderstanding at the highest level of leadership. John Boehner still thinks we’re becoming the next Greece. A Huffington Post article says: House Speaker John Boehner (R-Ohio) sees the debt ceiling as an “action-forcing event” where he will insist on cuts greater than the increase, setting up a [...]
Monetarism Unplugged
There’s a considerable backlog of interesting material related to the April, 2012 Krugman/Keen blogosphere debate on banking. Market monetarist Bill Woolsey wrote an intriguing piece on banks and monetary policy, somewhat under the radar to the main discussion. I don’t know if it was prodded by the K/K debate, but it may well have been: [...]
Bond King Bill Gross: Wrong Again
Bill Gross seems to like being wrong: “I’m not a big Krugman advocate. But I agree that you don’t cut everything and hope the private markets reward you for it. It has to be a balance. What Europe really needs is to get the private market back in there. They’re trying to convince the Pimcos [...]
Republicans Force #Austerity, Push Debt Ceiling as Campaign Issue
The Debt Ceiling will be an election issue, and jammed more #austerity down our throats.First, they participated in negotiating an informal deal where they compelled $1 in spending cuts for every new dollar of borrowing. This plan reduces the overall size of the deficit. Then, having secured the #austerity framework, they backed out – insisting [...]
Morning Caffeine 5-12-2012
Chesapeake’s Weird Bonds: Borrow $$$, Pay Natural Gas Interest Chris Cook believes the Saudis are doing the same thing with oil Does Modern Finance Require “Hulk Smash” Regulation? Scumbag Facebook Co-Founder Saverin Flips the Bird to the People who made him $2.3 Billion Posted from Diigo. The rest of my favorite links are here.
Morning Caffeine 5-11-2012
The Long Decline of The London Economist | Ron Unz – Writings and Perspectives Ron Unz is…worth reading. tags: interesting Unz economics Pravda "When Half a Million Americans Died and Nobody Noticed" | Ron Unz – Writings and Perspectives This is astounding. I don’t even know what to say about it. Bond-CDS Negative Basis or [...]
Ron Paul chairs Fed reform hearings
The Subcommittee on Domestic Monetary Policy and Technology held hearings Tuesday : “The hearing, chaired by Texas Republican Rep. Ron Paul… focused on several proposals to alter the Federal Reserve…” The reform bills ranged from Marcy Kaptur’s small ball bill to (among other things) ban Fed governors from working for member banks for 4 years [...]
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