What We’re Reading
Giancarlo Spagnolo, Saving the banks, but not reckless bankers
Dani Rodrik, Are Americans Better of than the Dutch?
David Firestone, Romney’s Tax Plan Defies the Rules of Math
Barry Eichengreen, Europe’s Summer Reading List
Nancy Folbre, Its the Accounting Stupid
YV Reddy, Society, economic policies and the financial sector.
Robert Pollin, The Great U.S. Liquidity Trap of 2009-11: Are We Stuck Pushing on Strings?
Patrick Bond, Zimbabwe: Corporate collaboration lets Mugabe continue abuses
What We’re Writing
Jeff Madrick, To Paul Ryan, Faith is Fact
Matias Vernengo, Sraffa and Marxism or the Labor Theory of Value, what is it good for?
Martin Khor, Fears of a new global food crisis
Sunita Narain, Courage wins over poison
Re: the Great US Liquidity Trap, how utterly absurd to invoke an excess reserves tax. Even if reserves were related to credit growth (which they are not), there has to be a demand for loans in the first place prior to lending, and then there’s the little fact that excess reserves are FED POLICY. How ridiculous of them to Inject such an amount of reserves and then punish banks for holding them, particularly when part of the idea is to give banks a subsidy. I mean, really.