Nouriel Roubini: How to Avoid a Double-Dip Global Recession

There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great Recession of 2008-2009 from turning into a new Great Depression. Germany and the European Central Bank are pushing aggressively for early fiscal austerity; the United States is worried about the risks of excessively early fiscal consolidation. Words: 957

Austrians vs Keynesians, Republicans vs Democrats: Both Groups Have Diametrically Opposed and Irreconcilable Economic Views

It is understandable why there is such a major American divide between Republicans and Democrats when one examines their diametrically opposed, and seemingly irreconcilable, Keynesian and Austrian economic views. Words: 514

See larger image Red State, Blue State, Rich State, Poor State: Why Americans Vote the Way They Do (Expanded Edition) (Paperback) By (author) Andrew Gelman List Price: $18.95 USD New From: $11.72 In Stock Used from: $7.00 In Stock

Buffett, Russell and Hoisington: Deflation or Inflation?

Share“Unchecked greenback emissions will certainly cause the purchasing power of currency to melt.” says Warren Buffett. Words: 982 In the following edited excerpts from the original article* Cam Hui (www.questfunds.com) puts forth the case for both inflation and deflation by the likes of Richard Russell, Warren Buffett and Van Hoisington: The Case for Deflation 1. [...]

See larger image The Warren Buffett Way, Second Edition (Paperback) By (author) Robert G. Hagstrom List Price: $14.95 USD New From: $7.72 In Stock Used from: $4.15 In Stock

Crisis and Aftermath: Economic Outlook and Risks for the US

This boom will be pleasant while it lasts. It might go on for a number of years, in much the same way many people enjoyed the 1920s. Be that as it may, we have failed to heed the warnings made plain by the successive crises of the past 30 years, and this failure was made clear during 2008–09. The most worrisome part is that we are nearing the end of our fiscal and monetary ability to bail out the system. In 2008–09 we were lucky that major countries had the fiscal space available to engage in stimulus and that monetary policy could use quantitative easing effectively. In the future, there are no guarantees that the size of the available policy response will match the magnitude of the shock to the credit system. Words: 2262

See larger image 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Hardcover) By (author) Simon Johnson, James Kwak List Price: $26.95 USD New From: $15.51 In Stock Used from: $14.97 In Stock Release date March 30, 2010.