Posts Tagged “economy”

22 Nov: Scratching The Itch

It’s been said before, but a person’s first foray into free cul­ture of any type is often to scratch an itch. For me, my first Wikipedia edit was undo­ing van­dal­ism on the Hernando de Soto Polar page con­flat­ing him with the con­quis­ta­dor of the same name  —  replac­ing his actual birth date with 1500-something, etc.
It’s some­what disappointing […]

6 Jan: Cooler, Wiser

Clearly, any spe­cific assis­tance [to ail­ing finan­cial insti­tu­tions] will have to include penal­ties for those man­agers who have left their insti­tu­tions over­ex­posed. Central bank cred­i­bil­ity in enforc­ing these penal­ties will go a long way in lim­it­ing moral haz­ard. Raghuram Rajan in 2005, explain­ing how to pick up the pieces after the 2008 finan­cial col­lapse (via […]

14 Oct: Crossed Fingers

Sunday night I freaked some peo­ple out explain­ing how close to a global WTF the econ­omy came, and this morn­ing Bloomberg was sound­ing the all-clear: some wanker was blath­er­ing about how the prob­lem was sim­ply fear in the mar­ket­place, and my gut feel­ing wasn’t the same manic “Are you HIGH!?” that I had when CNBC […]