These articles are IMO among the most important from last week. Excerpts are given below. Note that Stiglitz and Krugman have the Nobel Prize in Economics. “Why G20 leaders will fail to deal with the big challenge“, Martin Wolf, op-ed in the Financial Times, 31 March 2009 “Obama’s Ersatz Capitalism“, Joseph E. Stiglitz, op-ed in the …
Summary: The warnings continue from our foreign creditors, as they see the deeper significance of America’s financial crisis. The post-WWII geopolitical regime is ending, and they are thinking about the future. Through one of those peculiar episodes of blindness that shapes history, the more warnings America receives — the more indifferent we become to them. …
The most important news of the month. Perhaps the year. Read More »
