View By Tag : beat the press
Mankiw Promulgates Confusion on the Debt at the NYT
(www.prospect.org)
Greg Mankiw must know better than he indicates in his analysis of the debt in today's NYT. He complains that efforts to use large-scale stimulus to boost the economy may put excessive burdens on our... More
Submitted about 1 year ago by robertharding | 0 Comments |
Are Ben Bernanke and Henry Paulson Crony Capitalists?
(www.prospect.org)
The media should be asking this question. After all, they are trying to hide which banks are in trouble and refusing to give out information about who is borrowing from the Fed. This is exactly the... More
Submitted about 1 year ago by robertharding | 0 Comments |
Economists Do Not Want to Encourage Saving in Recessions
(www.prospect.org)
The Washington Post decided to present some "big ideas" to counteract the recession. The article includes brief comments on each of the four ideas presented.
Submitted about 1 year ago by robertharding | 0 Comments |
Is It a Problem That Everyone at the Financial Summit Completely Missed the Biggest Financial Crisis Since the Great Depression?
(www.prospect.org)
Not according to the Washington Post. While the paper had the opportunity to talk to many people who missed the crisis, including a vice chairman of Goldman Sachs, its reporters could not find the... More
Submitted about 1 year ago by robertharding | 0 Comments |
NYT Exposes Bank Ripoffs of Small Governments
(www.prospect.org)
The NYT reports on how Depfa, an fast-growing Irish bank, managed to get a school board for a small community in Wisconsin to speculate in complex derivative instruments.
Submitted about 1 year ago by robertharding | 0 Comments |
The Problem Is the Loss of Housing Wealth, not the Financial Crisis
(www.prospect.org)
The NYT appears to have been misled by Macroeconomic Advisers, one of the major macroeconomic forecasting firms that managed to miss the housing bubble. Lawrence Meyer, a former Fed Governor and the... More
Submitted about 1 year ago by robertharding | 0 Comments |
Leonhardt Presents Some Commonsense on the Stock Market
(www.prospect.org)
Leonhardt discusses the stock market, focusing on the ratio of stock prices relative to ten-year average earnings. This is good commonsense. It's too bad more of this didn't find its way into print a... More
Submitted about 1 year ago by robertharding | 0 Comments |
Existing Home Sales Rose Due to Distressed Selling
(www.prospect.org)
The September data on existing home sales was reported as being largely positive, because sales rose by 5.5 percent from August levels. While the increase is a good sign, a closer look at the data... More
Submitted about 1 year ago by robertharding | 0 Comments |
Citing the Biggest Losers: Post Shows Why Fed Missed the Bubble
(www.prospect.org)
The Post gave an excellent illustration of how the economics profession managed to almost completely miss the housing bubble and the inevitable disaster that would be caused by its collapse. An... More
Submitted about 1 year ago by robertharding | 0 Comments |
The Recession Is Not Caused by the Credit Crunch!!!!!!!
(www.prospect.org)
NPR just reported on Morning Edition that the markets are plummeting because investors are realizing the seriousness of the damage caused by the credit crunch. This calls for an extra long... More
Submitted about 1 year ago by robertharding | 0 Comments |
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