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mabkoch 05/09/2010 05:33 AM Report
Good interview with Matthew Bishop. Correction needs to be made to the Keywords section, as well as other places, because the title of Matthew Bishop's book is ROAD FROM RUIN not Road TO Ruin.
REMant 05/07/2010 01:15 PM Report
This fellow must be an advisor to Gordon Brown, whose policies it appears the public there have pretty decisively repudiated. His idea that we should have just swept more bad debt under the rug and gone back to leverage as usual is ludicrous. Nor do I see how you can contain the bankruptcy of just one of these financial giants, for I do not think the problem ever involves only a single institution. I can't imagine how another Bretton Woods can do anything but attempt to prop up the dollar, just as Keynes tried though it to protect the pound and ameliorate the UK's post-war bankruptcy. And, of course, I do not agree at all with the rest of his Keynesianism. When he speaks of the need for a dominant economic power, etc, he reveals that such ppl are really mercantilists and imperialists and not free traders at all. Plus their reading of the 1937 situation is both tendentious and plain stupid.