Archive for February, 2009

My Money or My What?

Posted in Running With Banks on February 23, 2009 by talewis

Strident, moralistic voices are raised everywhere in the country declaiming that it is wrong to give government bailout money to banks whose greed and stupidity got them into trouble (after making them a lot of money), and wrong to take money from taxpayers to give to people whose greed and stupidity (or so it is argued) got them into foreclosure, after living in relative luxury for a few months or years. Continue reading

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Forever Blowing (Up) Bubbles

Posted in Apocalypse When? on February 9, 2009 by talewis

The current financial meltdown offers a good model for other, far more serious disruptions that are on their way. If you think the greed-maddened, amoral stupidity of the investment bankers was unique, take a closer look at the masters of our supplies of food, water and energy. Continue reading

Getting the Small Picture

Posted in Running With Banks with tags , on February 2, 2009 by talewis

Micro-economics tells us that a major reason forĀ our current financial troubles is that individuals and families have been living beyond their means. Continue reading