102 posts categorized "Unscientific Economics"

November 03, 2010

Election Analysis: It Was TARP that Boiled the Tea

TARP was initially proposed and passed during the Bush administration; ironically, TARP is the cause of much of the anger that led to yesterday's stunning defeat for Democrats and "second chance" for Republicans. Sure, if he economy had come roaring back, things would've been di More...

October 06, 2010

We’ve Been T*RPed

A man sat next to the window of a bus tearing paper into scraps and throwing them out the window. "Why are you doing that?" asked the woman next to him.

"It keeps the elephants away," he said.

"But I don't see any elephants," she objected.

More...

September 26, 2010

Governments Hate Deflation – Should We?

Debtors, we all know, benefit from inflation since they are able to pay their loans back with dollars that are worth less than the dollars they originally borrowed. And debtors are hurt by deflation because the dollars they have to pay back are worth more – and harder to get – than the dollars th More...

September 20, 2010

Deflation – Is It Really So Terrible?

Ben Bernanke and the Fed have vowed to battle deflation as if it were the plague; after all, there was deflation during the Great Depression, of which Bernanke is a student, and there was both deflation and low growth in Japan for all of the nineties and off and on during the last decade.

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July 25, 2010

The End of the Age of Incentives

The Vermont Clean Energy Development Fund, of which I'm a board member, is meeting next week to approve the allocation of reservations for the last helping of Vermont Business Solar Tax Credit money available; when this money is gone, it doesn't look like there'll be any more. Nationwide, most bu More...

February 24, 2009

When Angels Fear to Tread

It's the lack of exits that's a problem amid the deadly clamp of panic throughout the economy - a far cry from the irrational exuberance that drives entrepreneurs (and their investors) and which brings us trouble and fraud as well as greatness and "slumdog millionaires".

No matter how mu More...

February 23, 2009

A VC Says No to VC bailout

"Thanks but no thanks" is Fred Wilson's prompt response to Tom Friedman's column suggesting that $20 billion in bailout funds be More...

February 19, 2009

Bailing out Investors Threatens Savers

Dow at five-and-a-half year low! That's the 4PM headline which inspired this post. Actually, of course, that's no reason for general panic in itself. No one ever said the Dow was supposed to go straight up. However, if you put a substantial part of your "savings" into stocks directly or indirectl More...

February 16, 2009

Mortgage Cramdown Key to Banking Crisis Unwinding

Democrats want Federal bankruptcy judges to have the authority to reduce the balances outstanding and/or rates on residential first mortgages in the same way that these judges can already reduce outstanding payments and balances on almost all other forms of debt; Republicans are opposing the legi More...

February 15, 2009

Buy Local, Sell Global

It doesn't scale. We can't all buy locally and sell globally. The less politically correct sounding version is "beggar thy neighbor".

Last week when we were vacationing in very friendly Apalachicola, I was mildly offended by a banner one block off the tourist street advising everyone to b More...

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