Because I am going to be out pretty much all day, I am posting the links early. There will be no blogging from my side today after this.
Interest Rates and Monetary Aggregates During the Lesser Depression – Part 1 | PRAGMATIC CAPITALISM
interesting piece on monetary and fiscal policy, qe and endogenous money. This is pretty wonkish but the gist here is that Krugman likes to talk about how he wrote a paper about what you need to do and why. But if you look at the details, his paper is pretty monetarist at heart in its roots. And a lot of the theory is incorrect.
Yahoo files lawsuit against NSA over user data requests | World news | theguardian.com
"Yahoo says 'withholding information breeds mistrust' and asks to be allowed to publish its number of received data requests"
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.