Economics Roundtable

If you want a very good lay person's edition of the Credit Bubble mess, listen to NPR's Global Pool of Money Got Too Hungry (audio, 13 min., All Things Considered, May 9): "Adam Davidson and This American Life's Alex Blumberg jointly report on how rising defaults on subprime mortgages ...

At Vox, Avinash Persaud serves up a regulatory finance model I think might work:

The inappropriateness of financial regulation, Avinash Persaud, May 1, 2008: … [The] model we have today, I venture [to say] is a highly dangerous model. It is expropriation of gains by bankers and socialization of ...

Hyman Minsky, John Kenneth Galbraith and John Maynard Keynes take center stage as James Galbraith throws down the Gauntlet to contemporary economists. Speaking at the 25th Annual Milton Friedman Distinguished Lecture at Marietta College, Marietta, Ohio, Jamie Galbraith asks Fed Chair Ben Bernanke and a host of others to embrace ...

For the few who tune into my musings, you may have noticed that I'm not posting much lately. This will likely continue for some time. The Epicurean Dealmaker summed up a shared blogging problem nicely yesterday. It was fun to be a Cassandra when no one ...

I've been meaning to post up a cut-down version Paul McCulley's recent assessment of our current plight: "Reverse Minsky Moment" interview with Kathryn M. Welling, but haven't yet. So yesterday I was glad to see Floyd Norris do a spot on McCulley's talk at the Hyman Minsky Conference ...

(Via David Beckworth at Macro and Other Market Musings, April 11:

Previously I discussed how much of what you learned in your money and banking class is now outdated given the many policy innovations by the Federal Reserve since last summer. Stephen Cecchetti now has a nice summary of ...

Mark Wenzel caught my attention with his recent reflections on the intertwined legacies of Ronald Reagan and Alan Greenspan, including the unleashing of "free market fundamentalism", the repeal of Glass-Steagall, and the emergence of the latest loopholes for the rich and powerful to exploit at the yet-to-be-tallied expense of the ...

At maverecon Willem Butier counter's Alan Greenspan's latest claim the he and the US Fed not be held responsible, in large part, for our current mess. Butier lists eight "tragedies" of Fed policy/practice:The Greenspan Fed (August 1987 - January 2006) did indeed contribute, through excessively lax monetary policy, to the ...

Grizzly Bears roam the financial landscape: Doug Noland and Michael Shedlock here (or here) are ever-bearish, but so is Barry Ritholtz (Forbes video link). The "D" word is uttered ever-more-frequently. Yet I find myself thinking that just beyond this likely deep recession we are at ...

For those who don't use a blog reader to aggregate daily economic feeds, maybe you ought to visit Alltop Economics Blogs/News Aggregator every now and again. If I counted correctly, there are 49 sites covered right now, aggregating titles from the latest 5 posts each. A quick pass ...