financial crisis
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Soros on green as the motor of the economy
In an interview with Bill Moyers (via Green Inc.), financier George Soros has some things to say about how green investments can pull us out of the current financial crisis (a subject I’ve been hitting repeatedly these last few days): Here’s the transcript: BILL MOYERS: So let’s think about those people down at Neely’s Barbecue […]
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The new dean of the Washington press corps advances the cause of economic illiteracy
If you’ll pardon me, I’m going to keep harping on this theme. This column from Dan Balz — the New Broder — is absurd for any number of reasons, but I particularly want to draw attention to this bit, which distills Very Serious conventional wisdom: Nor is it evident that [Obama] has dealt realistically with […]
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Deregulation and inequality are bad for both the economy and the environment
Now that financial apocalypse has been (possibly) delayed a few weeks, let’s focus on the mortgage crisis and see what it teaches us about financial regulations in general. Mortgages once were great investments. When lenders were highly regulated and careful never to lend more than the underlying value of homes, mortgages provided a higher return […]
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Lawmakers use financial crisis as pretext to screw with climate legislation
In a post yesterday I drew attention to an emerging battle over macroeconomics. To put it crudely: does the financial crisis mean the next president will need to trim his ambitions and focus on reducing the deficit? Or does it call for substantial public spending to get the economy moving again (deficit be damned, at […]