Archive for November 17th, 2011

EMU policymakers communication policy – hide the important and disclose the trivial

November 17, 2011

Recent statements from various EMU policymakers have been nothing short of theatric and chaotic.

They come out with some bailout plan and do not disclose important  details. Markets figure out themselves and realize it is all zombie and fudged and again it is back to same. This has been on since 2010 and nothing has changed.

So how does one react to this press release from European Council:

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The sad politicization of ECB

November 17, 2011

When I posted on  how Lorenzo Bini-Smaghi, ECB board member was being forced to quit from ECB, I was like ECB should not allow this to happen. But it has happened.

The  post said:

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Myth around Herbert Hoover and lessons for Obama

November 17, 2011

Though Lee Ohanian had written a paper saying Herbert Hoover caused the depression, the myth around Hoover continues.

Some say Great Depression happened as Hoover believed in free markets and hence chose to do nothing as recession struck. He believed markets would find its way  and end result was no intervention and recession becoming a depression.

Steven Horwitz of St. Lawrence University says nothing could be further from truth. Hoover was an interventionist and infact tried many policies to prevent recession. His policies turned the crisis into depression and not lack of it:

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What If Economists Ran Nations? (One can look at India for the answers…)

November 17, 2011

Mario Monti and Lucas Papademos have been rushed to manage Italy and Greece respectively in the ongoing crisis crisis. As both are famous economists turned technocrats this question is aptly asked by Matt Kahn – What If Economists Ran Nations?

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