Category Archives: Economics

Austerity: Still Not Working

For the market giveth and taketh away…

Brad DeLong:   I think that, once one rec­og­nizes this fact that both Keynes and Fried­man are to the activist left of even the left edge of today’s pol­icy spec­trum, one can­not then escape the con­clu­sion that today the entire right wing and a good part of the cen­ter is sim­ply not sane. The posi­tion

Fiasco Redux

From Doug Hen­wood:   [Read­ing Greg Smith’s open res­ig­na­tion let­ter to Gold­man Sachs  in today’s New York Times, which described a sys­tem­atic fleec­ing of clients as the insti­tu­tional norm, reminded me of Frank Partnoy’s 1997 book F.I.A.S.C.O. Here’s my review, from LBO #80. If you like it, sub­scribe today  and make sure it keeps com­ing.] F.I.A.S.C.O. , by Frank Part­noy (New York: W W Nor­ton, 252 pp., $25). It