There is a lack of consensus as to how the relaxation of credit standards will impact safety and soundness. To date, loan delinquencies have remained modest, both within and outside of the banking industry. However, the undiminished appetite, particularly for the nonconforming mortgage product, has allowed for the flexibility to continue. And there is no… Continue reading Alan Greenspan’s housing bubble coffee break
Category: economics
Alan Greenspan’s housing bubble coffee break
There is a lack of consensus as to how the relaxation of credit standards will impact safety and soundness. To date, loan delinquencies have remained modest, both within and outside of the banking industry. However, the undiminished appetite, particularly for the nonconforming mortgage product, has allowed for the flexibility to continue. And there is no… Continue reading Alan Greenspan’s housing bubble coffee break
The Robot Economy
Assume robots are the same as humans. Robots can do all the work that humans can do. Robots need the same amount of energy/food to stay functioning as humans do, but robots themselves can produce that energy/food just like humans can. Robots will need maintenance and training as humans do, but robots themselves can produce… Continue reading The Robot Economy
The Robot Economy
Assume robots are the same as humans. Robots can do all the work that humans can do. Robots need the same amount of energy/food to stay functioning as humans do, but robots themselves can produce that energy/food just like humans can. Robots will need maintenance and training as humans do, but robots themselves can produce… Continue reading The Robot Economy
The Texas Omen
Texas is where the modern conservative theory of budgeting — the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending — has been implemented most completely. If the theory can’t make it there, it can’t make it anywhere. … The point, however, is… Continue reading The Texas Omen
Goldbugs of the world unite
Georgia State Rep. Bobby Franklin ® has just introduced a bill in the state legislature mandating that Georgia only accept taxes in gold coins. From Bridge to the 19th Century Feh, coins? Big government would be minting them. Payments should be in gold nuggets with private firms weighing and certifying them.
Goldbugs of the world unite
Georgia State Rep. Bobby Franklin ® has just introduced a bill in the state legislature mandating that Georgia only accept taxes in gold coins. From Bridge to the 19th Century Feh, coins? Big government would be minting them. Payments should be in gold nuggets with private firms weighing and certifying them.
The Texas Omen
Texas is where the modern conservative theory of budgeting — the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending — has been implemented most completely. If the theory can’t make it there, it can’t make it anywhere. … The point, however, is… Continue reading The Texas Omen
The Eternal Return of Robert Rubin
The thing about the Clinton administration is that Jimmy Carter’s administration ended in 1980. So if you’re going to create an economic policy team for Barack Obama your main choices are (1) “folks who worked on economic policy in the Clinton administration,” (2) “folks who worked on economic policy in the Bush administration,” and (3)… Continue reading The Eternal Return of Robert Rubin
The Eternal Return of Robert Rubin
The thing about the Clinton administration is that Jimmy Carter’s administration ended in 1980. So if you’re going to create an economic policy team for Barack Obama your main choices are (1) “folks who worked on economic policy in the Clinton administration,” (2) “folks who worked on economic policy in the Bush administration,” and (3)… Continue reading The Eternal Return of Robert Rubin