Understanding The Modern Monetary System...
Happy Birthday, Chance! Today is my son’s 8th birthday.
Ex-Goldman Programmer Aleynikov’s Conviction for Stealing Code Reversed – Bloomberg
This is big Chicago news because he had a meeting with Citadel. I think he got arrested when he got off the plane in NYC.
Congress Extends Payroll Tax Cut to 2013 – Bloomberg
Good news for our current environment, bad news objectively. Should be many times larger according to the TC rule or beowulf’s unemployment-payroll tax link.
Record $6 Trillion of Fake U.S. Bonds Seized – Bloomberg
$6T of fake U.S. bonds. $6T. Perhaps shadow stats was selling them as we all know U.S. government bonds are soon to be worthless.
Lehman Crisis Vets Warn On Pushing Greece – Bloomberg
How 3 Myths Drive Europe’s Response to Debt Crisis: Harald Uhlig – Bloomberg
I’ll pull a Yves classic “Sigh.” Oh, and Quelle Surprise! He’s an econ professor at the University of Chicago.
UAW Bonuses on Record GM Profit May Lift Economy – Bloomberg
Businesses hire when they are swamped with demand. If they have record profits, why aren’t they hiring thousands of people?
Romney Smash China!
I know it’s hard to get nuanced in an op-ed, and even harder to get nuanced if you’re running to be the republican candidate for president. And is this hint of a hint of a trade policy all bad?
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