nytimes.com - 12/20/2008
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The revelation that Bernard Madoff brilliant investor (or so almost everyone thought), philanthropist, pillar of the community was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend. Yet surely I’m not the only person ...
nytimes.com - 12/26/2008
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nytimes.com —
President-elect Barack Obama has said that he wants
to “make government cool again.” Before Mr. Obama can...
make government cool, however, he has to make it good. >
(more)
Op-Ed Columnist: Barack Be Good
nytimes.com - 12/26/2008
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nytimes.com —
Times have changed. In 1996, President Bill Clinton,
under siege from the right, declared that “the era...
of big government is over.” But President-elect Barack Obama, riding a wave of revulsion over what conservatism has wrought, has said that he wants ...
(more)
Op-Ed Columnist - Barack Be Good
Comments
Blog Reactions
Ponzi Economy
winterspeak.com —
While Bernie Madoff was wrong to break the law and cheat wealthy, gullible people out of their money (and should be thrown in prison), Krugman's analogy between Madoff and the American Economy is Grade A CYA. ...
The Pursuit of Wealth
Economist's View —
Tim Duy:
For A Sunday Morning, by Tim Duy: An unusually quiet Sunday morning –
the kids are with their grandparents, leaving me with a chance to think of
something beyond the immediate economic data. This morning that meant a stream
of thoughts triggered by Paul Krugman’s most
recent op-ed, particularly this:
Most of all, the vast riches being earned — or maybe that should be “earned”
— in our bloated financial industry undermined our sense of reality and degraded
our judgment.
Think of the way almost everyone important missed the warning signs of an
impending crisis. How was that possible? How, for ...
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