More Confusion, Now From the F.T.
Yesterday, the Wall Street Journal’s editorial endorsed IMF managing director Christine Lagarde’s call to recapitalize Europe’s banks. Today, the Financial …
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Three Strikes and You’re Out
When the Wall Street Journal, the Financial Times and the New York Times agree on the merits of a policy, …
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Ackermann and Dimon 1; Bernanke and Geithner 0
My last blog on bank capital requirements concluded that the push to implement Basel III, which mandates increases in bank …
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Sargent’s Sharp Pencil
Today, The Royal Swedish Academy of Sciences announced that it had awarded this year’s Nobel Prize in Economic Sciences to …
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Okonjo-Iweala vs. Lying Prices
Nigeria’s finance minister Ngozi Okonjo-Iweala is making a strong bid to be the next president of the World Bank. In …
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Greece Is Imploding
Money matters. That’s why I have kept my eye on Greece’s money supply (M3). It’s been contracting in an increasing …
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