Posts Tagged ‘ bankruptcy ’

Deleverage the World

Nov 29th, 2011 | By | Category: Economics, Featured
Capitalism is supposed to be a system of profit and loss, but in recent years, central bankers and central planners seem to have forgotten the part about losses. The push and pull every lever on the control board to try to make losses for the big players go away, which ...read more

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Posted in Economics, Featured | 2 comments


The Political Economy of Government Employee Unions

Feb 28th, 2011 | By | Category: Economics, Featured, Politics
The main reason so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies. When the employees of a grocery ...read more

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Posted in Economics, Featured, Politics | 14 comments


The Biggest Financial Deceptions of the Decade Have Nothing on the Fed

Jan 11th, 2010 | By | Category: Economics, Featured
Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception... First came Enron, with $65.5 billion in assets, going belly-up and becoming the largest bankruptcy in ...read more

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Posted in Economics, Featured | 3 comments


Government, Banks, Currency: Legitimacy Dwindles

Dec 26th, 2008 | By | Category: Featured, Macro Economics, Politics
Zounds! Public sentiment toward the accelerating economic fiasco has shifted, seemingly overnight, from a mood of nauseated amazement to one of panicked grievance as the United States moves closer to an apparent comprehensive collapse -- and so ill-timed, wouldn't you know it, to coincide with the annual rigors of Santa ...read more

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Posted in Featured, Macro Economics, Politics | 1 Comment »


Bankruptcy, Not Bailouts

Nov 19th, 2008 | By | Category: Economics, Featured
I was looking through my pocket-copy of the U.S. Constitution for the “Bailout Clause.” I must have missed it. If any readers out there can find the Bailout Clause, please send me a note and let me know where it is. There is, however, a “Bankruptcy Clause” in the ...read more

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Posted in Economics, Featured | No Comments »