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Monday, February 16, 2009

Irving Fisher: "the more debtors pay, the more they owe"

http://www.economist.com/finance/displaystory.cfm?story_id=13104022
His debt-deflation theory of the Great Depression is revived.
Posted by Liang at 11:39 AM No comments:

Sunday, February 1, 2009

If you are not part of the solution, you are part of the problem

Problem:

President calls Wall Street Bonus "Shameful"

http://dealbook.blogs.nytimes.com/2009/01/29/obama-and-dodd-slam-wall-st-bonuses/?scp=10&sq=obama%20wallstreet&st=cse

Bankers feeling the heat:

http://www.nytimes.com/2009/02/01/opinion/01dowd.html?_r=1&em

Solution:

The big Fix:

http://www.nytimes.com/2009/02/01/magazine/01Economy-t.html?ref=magazine

Posted by Liang at 10:36 AM No comments:
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