Why would some of one generation
want to covertly confiscate another’s wealth?
It is grossly irresponsible for the baby boom generation
to expect [...]
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China’s Looming Real-Estate Bubble A massive Keynesian spending program has misallocated capital and set the stage for a crisis. …there is mounting evidence that Beijing has misallocated vast amounts of capital, touching off a real-estate crisis that could yet drag the world’s second-largest economy down to earth. When the global marketplace went into meltdown mode two years ago [...] Print This Post
The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold. …We trace the deeper roots of this failure to the profession’s insistence on constructing models, that…disregard the key elements driving outcomes in real-world markets. The economics profession [...] Print This Post
…If historians look back on today’s severe downturn …For generations, the deficits that we have run this past decade Print This Post
http://www.calculatedriskblog.com/2010/08/weekly-summary-and-schedule-august-8th.html Print This Post
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