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Category Archive: Brave new world of finance

Feb 07 2008

The brave new world of finance-4: From social being to consumer

(For previous posts in this series, see here.) In the last post, I suggested that sending out checks for $600 to each taxpayer, especially those who don’t need it, and then encouraging them to waste it, hardly seemed like a coherent economic plan. Such a policy can only be understood as a subsidy to the …

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Feb 06 2008

The brave new world of finance-3: The ‘free money’ stimulus package

(For previous posts in this series, see here.) Clearly I am not the only one that thinks that current fiscal and monetary policies are not only unsustainable but also immoral and that their priorities are completely out of whack. French President Sarkozy, following the discovery of the speculative trading and fraud that resulted in losses …

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Feb 05 2008

The brave new world of finance-2: Further indicators of insanity

(For previous posts in this series, see here.) The current weird situation in which the stock market rises on what you or I might think is bad news can also be seen with labor figures. When reports are released that unemployment is low (which ordinary people would think is a good thing), the stock market …

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Feb 04 2008

The brave new world of finance-1

One topic that I have tended to avoid in my blog posts is the subject of economics. This is because the ‘dismal science’ is one of those subjects where I feel a little out of my depth. Whereas I can make sense of events in many other areas of everyday life, even to the extent …

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