Consumer Surplus and Related Absurdities
A few weeks ago I left off my series criticizing the way economics is taught in order to discuss critical economic events, but this week […]
Month: January 2016
Competitive Devaluation
Donald Trump has a huge problem as he enters office, given what he promised the American people. The problem is the strong dollar. A strong […]
The Impending Student Loan Debacle
“Corruption is a constant, but scandal is a variable.” This aphorism is one of several coined in my book International Political Economy: The Business of […]
Stocks Tumble as Asset Deflation Threatens Debts
One of the puzzles for in this recent market rout is that jobs numbers in December were so favorable and yet stocks acted like the […]
Is China a Currency Manipulator?
We are well into a political season as the U.S. presidential campaign heats up. We are also in the midst of deflationary pressures evident in […]
Will ‘The Big Short’ Help Us Learn the Lessons of the 2008 Financial Crisis?
Many critics have deservedly praised the new docudrama about the 2008 financial crisis, The Big Short. Unfortunately, movie critics seldom understand finance so few reviews comment on the investment […]
The Big Short
I saw the new movie “The Big Short” with my son Christmas Eve. Both of us were so impressed that we hastened to recommend it […]