Monthly Archives: March, 2010
The Wisdom of Keynes
Well it turns out John Maynard Keynes would have probably completely disagreed with the counter-cyclical policies we are currently seeing (reactions to free markets and deregulation leading to the over-regulations and over-muzzling of markets). I confess not having read Keynes’ A Treatise on Money (apart from several excerpts in our Macroeconomics class which I must [...]
Staple a Green Card to their Admittance Letter
A nice quote from Businessweek, worth repeating: U.S. education gets rapped, too. India and China produce more scientists and engineers than the U.S., and international students who attend American universities generally must return home as soon as they’ve graduated. “We’re forcing these people to do their productive work elsewhere,” says Mark Chandler, general counsel of [...]
Google Censorship
For those of you happy that Google refuses to censor itself in China, here is a list of countries in which it continues to do so [via Forbes].
John Maynard Keynes
“We are all Keynesians now”. This phrase, uttered by Milton Friedman and popularly attributed to Richard Nixon (who did say something similar), shows the influence this one man and his economics has had on our past century, and continues to have in this one. No Economic analysis is complete without an explanation of John Maynard [...]
Yes Virginia, Markets are Efficient
In the wake of the recent controversy surrounding Free Markets, and more specifically, the “How could we be so stupid as to believe markets could work?” statements, we feel it is time to clear the air and make a couple blanket statements: Efficient Markets does Not mean continuous growth It is excusable in a way. [...]
