6 posts tagged with nakedcapitalism by the man of twists and turns.
Displaying 1 through 6 of 6.
Paul Krugman: Monetary and Fiscal Implications of Secular Stagnation Crooked Timber: If this is “secular stagnation”, I want my old job back The Global Bezzle – whence it came, where it went and why it matters (repost from 2011) [more inside]
The New Inquiry: Just The Facts
With its emphasis on the empirical, conspiracism is uncomfortably similar to the technocratic mindset of mainstream political discourse. Technocratic pundits — typified by the likes of Ezra Klein, a journalist and blogger who runs the Washington Post's Wonkblog — are likewise driven almost exclusively by data sets and empirical studies. As Bhaskar Sunkara suggested in this piece for In These Times, such pundits operate under the assumption that the facts are so powerful that they might lead people of all ideologies to embrace a particular array of ideology-free policies.[more inside]
Before Greed: Americans Didn't Aways Yearn For Riches. A response: An Embarassement Of Riches: Literature And The Ethics Of Wealth In The Gilded Age. Both from Boston Review. [more inside]
Philip Pilkington writes for naked capitalism: The Origins of Neoliberalism Part I: Hayek's Delusion
Hayek’s entire ideology and career had begun to come apart in the 1930s. His theories were shown to be inconsistent in the academic journals of the time and the practical implications of those theories had shown themselves to be both discredited and dangerous. A man in such a position only has two choices: he can either completely re-evaluate his ideas which, if they were held with unshakeable conviction and constituted a core component of his emotional make-up, as seems to have been the case with Hayek, would have likely resulted in a mental collapse; or, alternatively, he can engage in a massive repression, shut out reality and construct around himself a fantasy world.[more inside]
The latest foreclosure horror: the zombie title
The Kellers are caught up in a little-known horror of the U.S. housing bust: the zombie title. Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them. With impunity, banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages when the housing market first crashed.[more inside]
"Several executives involved in the transaction have either abruptly decided to retire or been sacked."
Last month, JP Morgan Chase announced it had lost $2 billion dollars in a 'hedging' maneuver. Today, Jamie Dimon, Morgan's chairman and CEO, testified before the Senate banking committee. [more inside]