And I don’t mean high school algebra. Here’s an article from the excellent writer Felix Salmon over at Wired Magazine on the mathematical formula that has ruined your economic world. Maybe you’ve been hearing people talking about problems caused by “financial innovation” or “financial engineering” or “risk models.” Salmon’s article explains what that all really […]

If you’re interested in the raw political power of the financial services industry and its impact on the various banking bailouts (and really, who isn’t these days?), you have to follow the blog The Baseline Scenario. Check out this post about our American oligarchs. One of the Baseline Scenario bloggers also appeared on Bill Moyers […]

In addition to everything else we need to do to fix our economic problems, we need an ethical overhaul.

A hat tip to Casey of my prior Drinking Liberally group: How the Economy Was Lost There’s a lot in here. I don’t agree with everything, but the basic thrust is right. I have two points: He puts “free trade” in quotes throughout the piece. But he doesn’t seem to spell out how, by his […]

I’ve mentioned before that, for the last couple of months, I’ve spent the time I would have spent on blogging instead getting my head wrapped around the economic crisis. During that time, I’ve put together some summary documents just to help my thinking. Here’s one of those summaries listing the reasons for the economic crisis. […]