The market downturn and the credit crisis has evoked a great deal of interesting rhetoric from around the world, including Gordon Brown’s declaration that the days of ‘unbridled’ capitalism were over. Sarko made a similar comment about ‘remoralizing’ a ‘laissez-faire’ economy, which has prompted a horde of professional chatterboxes to stampede left towards the false [...]
Entries from October 2008
October 22, 2008
Drawing the Wrong Lessons
On Sunday, Wired’s online edition ran a piece entitled Note to Next President: Modern-Day WPA [Work Progress Administration] Will Save the Economy.
“(Congress) should invest in the more than 3,000 ready-to-go highway projects that could be under contract within the next 30 to 90 days,” says John Horsley, executive director of the American Association of State [...]
October 14, 2008
Worse than a Recession?
Unfortunately – or not – I sold all my investment assets a couple of years ago when I moved overseas. Nonetheless, I still try to follow the movement of the markets, as they are often seen (kind of incorrectly) as the bellweather of the national economy. Then again, as the perception gains currency, it becomes [...]
October 14, 2008
New Theme
Clearly, I’ve activated a new theme for the website. I liked the old one but it was time for a change – and this new one seems to fit the bill. For now. There are a number of other minor updates here and there. More posts coming.
October 6, 2008
Weirdest Economy Ever
Apologies for having not written for some time. It’s been busy – lots of things going on, foremost being that I have recently changed jobs. I am no longer working for Messr Rendell, but am now doing economic development work for a quasi-public agency that answers to Messr Corzine.
Anyway, the economy continues to be in [...]
