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Daily Links for December 9th

December 10th, 2008 · No Comments

GOOD » Books Are the New Cars» - Another day, another imploding industry…
Economist’s View: “Capitalist Fools” - Was there any single decision which, had it been reversed, would have changed the course of history? … The truth is most of the individual mistakes boil down to just one: a belief that markets are self-adjusting and that the role of government should be minimal. … The embrace by America—and much of the rest of the world—of this flawed economic philosophy made it inevitable that we would eventually arrive at the place we are today.

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Daily Links for September 30th

October 1st, 2008 · No Comments

slacktivist: She doesn’t care - We've seen this disease before. We've been watching it for eight years now. This is ignorance born of incuriosity. And that incuriosity arises from a lack of empathy. Like President Bush, Gov. Palin doesn't know because she doesn't care.
OverFed? - Paul Krugman - Op-Ed Columnist - New York Times Blog - Until this past year, the Fed’s balance sheet was simple and clean: basically, it held Treasury bills, and its only liabilities worth mentioning were the money supply (strictly speaking, the monetary base.) And there was next to no risk. Now the Fed holds a vast array of “liquidity tools” — loans under the various emergency programs, the TAF, the TSLF, and all that; and it’s taken on quite a lot of risk.

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