Submitted by lambert on Tue, 04/14/2009 - 12:46am
Submitted by lambert on Tue, 04/14/2009 - 12:17am
Both from Baseline Scenario:
Tunneling: Borderline legal/illegal smuggling of value out of businesses.
Rents: Economics jargon for easy money from business that others aren’t allowed into (like, say, the easy money from owning an ATM network -- or a network of "health care" "providers").
With that in mind, see this by Simon Johnson. The point he's making is too subtle for me, so maybe somebody who understands finance can translate:
Read below the fold...
Submitted by lambert on Mon, 04/13/2009 - 11:15pm
Submitted by lambert on Mon, 04/13/2009 - 10:47pm
Submitted by lambert on Mon, 04/13/2009 - 10:45pm
Submitted by lambert on Mon, 04/13/2009 - 10:43pm
Submitted by lambert on Mon, 04/13/2009 - 10:39pm
Submitted by lambert on Mon, 04/13/2009 - 10:32pm
Submitted by lambert on Mon, 04/13/2009 - 10:31pm
Submitted by lambert on Mon, 04/13/2009 - 10:25pm
Submitted by lambert on Mon, 04/13/2009 - 10:23pm
Submitted by lambert on Mon, 04/13/2009 - 10:22pm
Submitted by lambert on Mon, 04/13/2009 - 10:21pm
Submitted by lambert on Mon, 04/13/2009 - 10:18pm
Submitted by lambert on Mon, 04/13/2009 - 10:11pm
My financial posting got left out of the book, because I figured that after the Democrats took over, things would change.
So, I had to backtrack and include a lot of posts written since January, and they're not as well organized as they might be. Read below the fold...
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