After The Fall, Don’t Blame The Women
May 25, 2018
Alan Greenspan, Arthur Levitt, Brooksley Born, Elizabeth Warren, Larry Summers, Michael Lewis, Monica Potts, Robert Rubin, She Called It, Sheila Bair, The Big Short, The Green Recession of 20080 Comment
After the 2008 financial crisis in the United State — the result of Wall Street bundling bad mortgages together and selling them as investments — writer Michael Lewis wrote, The Big Short, a best seller about what happened. Primarily, he focused on the few canny invest
Continue Reading →No Fanfare For The Common Man
April 06, 2017
automation and jobs, Bill Gates, Is This Robot A Friend -- Or A Foe?, Jennifer Alserver, Larry Summers, needs of a new workforce, robots become afforadable, Unions and the growth of automation, wealth distribution with automation, Yanis Varofakis
Like Paul Revere, I and others have spent time shouting, “The robots are coming. The robots are coming.” I’m unsure what to do about it, but as writer Jennifer Alserver notes, these machines are becoming smarter, more people sensitive and more versatile. (“Is This Ro
Continue Reading →Secular Stagnation, Class Warfare And The Vision of Larry Summers
May 25, 2016
Alan Binder, devaluation, export imbalance, infrastructure, Larry Summers, secular stagnation, solutions to stimulating the economy
“Economists joke that the questions on their doctoral exams haven’t changed in 50 years, but the answers have.” (“The Curse of The Big Bad Rut,” by Peter Coy, Bloomberg Businessweek, May 16-22, 2016 pg. 14.) The same lack of imagination could be laid at the feet of politic
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