TheClosedSocietyandItsFriends: Friedman, HayekandtheriseofNeoliberalism http://feedly.com/k/164rR6r I just wrote a review of Daniel Stedman Jones’s book MastersoftheUniverse: Hayek, Friedman, andtheBirthof Neoliberal Politics, which will be published in the Social ScienceJournal later this year. So I don’t intend to say to much here. But one thing that was striking about the rise of the post-New Deal Neoliberalism, starting with the Mont Pelerin Society, is that they tended to … Seguir leyendo The Closed Society and Its Friends: Friedman, Hayek and the rise of Neoliberalism

An historicRussianvictory http://feedly.com/k/165Ir5O KindlytranslatedbyAnne-Marie de Grazia Credit Photo: La Voix de la Russie The vote in the Security Council of the United Nations during the night of Friday 27 to Saturday 28 September of the résolution on chemical armaments in Syria, co-sponsored by Russia and the United States, constitutes an important moment in the reconstruction of an international order. This vote, at the unanimity of … Seguir leyendo An historic Russian victory

TheRegressivePoliticsofQuantitativeEasing http://feedly.com/k/1fwr2cF FromUnconventionalEconomist, who has previouslyworkedattheAustralianTreasury, VictorianTreasuryandGoldmanSachs. CrosspostedfromMacroBusiness, originallypublishedatTheConversation. When financial markets stood on the verge of collapse in the summer of 2008, two of the world’s most important central banks, the US Federal Reserve and the Bank of England, began considering unorthodox policy measures. They turned to QuantitativeEasing, or QE: injecting money into the economy by purchasing assets from the private sector, in the … Seguir leyendo The Regressive Politics of Quantitative Easing

CNBCAdmitsEconomicPessimismSurgedTo 2 YearHighs http://feedly.com/k/1dODxfc You know it’s getting troubling when everyone’s favorite hopium-providing financial-advisor-pitchfest channel is unable to find a silver-lining upon which to place your BTHFATH 401(k) bets. Steve Liesman unveiled the CNBCAll–AmericanEconomicSurvey and it was not pretty. In a nutshell, optimism is plunging and pessimism is surging as 61% are downbeatonthecurrentstateoftheeconomyandpessimisticfortheeconomicfuture. ViaCNBC, … Smaller expected gains in Americans’ paycheck and housing values cast … Seguir leyendo CNBC Admits Economic Pessimism Surged To 2 Year Highs

GreatStartinGermany: ThreeDaysAfterElectionVictory, Merkel’sParty Breaks CampaignPromiseOf “No TaxHikes” http://www.testosteronepit.com/home/2013/9/28/great–start–in–germany–three–days–after–election–victory–mer.html Germans pay a lot of taxes. The value added tax was raised to 19%. The state grabs 42% of any income above €52,882 and 45% above €250,731. There’s the church tax, solidarity tax, gasoline tax…. Not much is left over when a German is done paying taxes. So, during the campaign, Chancellor Merkel’s party pledged categorically not … Seguir leyendo Great Start in Germany: Three Days After Election Victory, Merkel’s Party Breaks Campaign Promise Of “No Tax Hikes”

DebtCeilingWatch http://feedly.com/k/1fP2FEK From WSJ, a picture of rising risk perception surrounding a debt ceiling crisis: Source: WSJ shared via http://feedly.com Seguir leyendo Debt Ceiling Watch

ItalyonVergeofDowngradetoJunk; SilvioBerlusconi’sSupportersThreatenMassResignationfromParliament http://feedly.com/k/14NBhlS Silvio Berlusconi supporters threatened to resign form Italy’s parliament en masse today, even though a week ago Berlusconi himself said he would not end the coalition. To someone in the US, such a ploy makes little sense, because as soon as you resign, you lose your vote. Parliamentary rules described below suggest there may be some merit in the idea, but I … Seguir leyendo Italy on Verge of Downgrade to Junk; Silvio Berlusconi’s Supporters Threaten Mass Resignation from Parliament

Burbuja de enamoramiento http://feedly.com/k/19LCloJ Portada del libro de Minsky Vamos a examinar la siguiente frase extraída de "La máquina de las emociones" de Minsky: "Acabo de enamorarme de una persona maravillosa. Apenas puedo pensar en otra cosa. Mi amada es increíblemente perfecta, de una belleza indescriptible, un carácter sin defecto alguno y una inteligencia inimaginable. No hay nada que yo no haría por ella" Parece … Seguir leyendo Burbuja de enamoramiento