TGS has sympathy for Tobin Tax. But, it has no sympathy for this sort of ‘regulation’. If anything, it is counterproductive and wins sympathy for financial sector free-market fundamentalists. Most reasonable people agree that the financial sector is not the same as competitive real sectors and it needs regulation, if not for any other reason, [...]
It all started with this URL that came from a colleague. It was a piece by Stratfor, an American think-tank, on the fiscal deficit problems of Greece.
I read it and my first reaction was that it was interesting to read and it made sense too. I circulated to some friends in Europe, or more precisely, [...]
While FT reports that Presidents Hu and Medvedev both warned on the impact of the crisis on the world and on the rising fiscal cost of it in general terms, it is good to focus on specific developments in both countries. Bloomberg has this news on Russia and this is Wall Street Journal’s piece on [...]
Lord Skidelsky writes that Keynes felt that we needed different economic models for different times. That is as it should be, in social sciences.
That is what John Hussman alluded to last week when he said financial asset prices too have a context that went into the judgement of whether they were too high or too [...]
Bare Talk at Mint
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