I have very mixed feelings about small town America. On one hand I have always lived in small American towns, and this is where I have always felt most comfortable. These small towns have always been the places I have chosen to live. On the other hand, small towns in America are getting a lot…… Continue reading Small town America and me
Lately I’ve been reading a lot of new and surprising reappraisals of human rationality. Here is a bibliography of a few of these books and essays. Bibliography: the new understanding of human rationality: The Enigma of Reason. A book by Hugo Mercier and Dan Sperber published in April of 2017. Go to Book The Argumentative…… Continue reading Books about human rationality.
This is a review of an article by Joseph Stiglitz in Project Syndicate titled Trump’s Rogue America. It was published on June 2, 2017. Joseph Stiglitz is probably the best known economist in the US. ” Joseph E. Stiglitz, recipient of the Nobel Prize in Economic Sciences in 2001 and the John Bates Clark Medal in…… Continue reading Trump’s Rogue America
Stiglitz says that most Americans are worried about the basics of the American economy: education, jobs, savings, and retirement. They are well aware that life in America is not good for the middle and working classes. In the 2008 economic crisis ten million families lost their homes, 8.7 million workers lost their jobs. And, these…… Continue reading “Rewriting the Rules of the American Economy” by Joseph Stiglitz
This book is a summary of Joseph Stiglitz’s recent book titled “The Euro: How a Common Currency Threatens the future of Europe.” Preface Europe Is in bad shape. Spain’s unemployment rate has fallen from 26% in 2013 to 20% at the beginning of 2016. And this is what counts for good news in Europe. There…… Continue reading “The Euro: How a Common Currency Threatens the future of Europe” by Joseph E. Stiglitz
Below are some brief notes on Eisengreen’s book Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System. These notes basically explain how exorbitant privilege Works: The idea of Exorbitant privilege begins with the fact that the world Reserve currency is the dollar. And also almost all international trading is…… Continue reading “Exorbitant Privilege”, by Barry Eisengreen
This is a review of a New Yorker article called When the Fed Went After the Hedge Fund Legend Steven A Cohen, by Sheeluh Kolhator, New Yorker staff writer. New Yorker issue Jan 16, 2017. Go to the original article. If you are not a New Yorker member, you should still be able to read…… Continue reading Stuck with the Billionaire Barons of Finance