PragmaticIdealist's blog

Tyler may get a lot of things right, but his stance on QE2 is not A-OK.

As policymakers display to their world their lack of clothes each and every day ($600,000,000,000 to prop up asset bubbles?), and Austrian remedies to the situation become more and more politically unpalatable as time passes and economic distortions become increasingly large, I illuminate 5 ways that politicians could realistically avert a complete collapse of the economy.

Let A = America, B = Banking System, and C = the Crony System. Then, given a heavily subsidized and corrupt financial system in the U.S., we can infer that A + B = C. Since we know that C must fail due to its poor design and widespread moral hazard, and that B is too big to fail, where does that leave A?

I try to provide an inductive, critical and speculative analysis of the Fed`s (open market) operations to date. Although not quite as speculative as the typical bank loan of the past few decades.

I clarify my critique of Austrian/Libertarian theory and explain how monetary austerity is not necessarily the "right thing to do" going forward.

Providing a semi-critique of some over-eager Austrian monetary business cycle theorists. Some Austrians go too far and attribute all blame to the government's monetary policies in creating bubbles. But at least some blame must be attributed to investor/consumer irrationality and groupthink.

With the recent reappointment of King Bernanke, it is appropriate to revisit the key tenets underlying Bernanke-nomics and how they are likely to destroy America, if not the world.

I take a look at a speech made before the National Economics Club circa 2002 and conclude nothing has changed.

My ramblings on how the banking system is broken and what to do about it.

Geithner points out record Wall Street payouts and profits. Ergo, economic recovery imminent.

Could the relatively new real-time limit order book development in financial markets be what is driving Goldman et al's high trading profits?

At last, a couple red pills find their way on the market.

Profiling a great economist and human being whose honesty has driven him from politics and to the People.

To manipulate or not to manipulate? That is not the question on the Treasury's mind...

2006? Ancient history dude.

One for Wall Street, One for us. Two for Wall Street, Zero for us... Wait, what?