Tag Archives: financial crisis

What’s The Big Idea?

Watching the way politicians are struggling to deal with the current economic mess, it’s hard to avoid facing an unpleasant fact. While Republicans continue to base their arguments on discredited Big Ideas like “free market individualism,” Democrats still lack alternative … Continue reading

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On Trees and Forests

I was kind of surprised when former Fed chair Alan Greenspan admitted to a Congressional committee that he was “in a state of shocked disbelief” over the current financial crisis. I know next to nothing about economics or the goings … Continue reading

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Chaos On Wall Street

PBS’ News Hour recently featured a Paul Solman interview of Benoit Mandelbrot, a mathemetician known for his work on Chaos Theory, and Nassim Nicholas Taleb, author of the book “The Black Swan: The Impact of the Highly Improbable.” It offers … Continue reading

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Complexity on Wall Street

I’ll be the first to admit I don’t know much about economics. Then again, based on the last few weeks, there are a lot of people on Wall Street that don’t know much about economics either. (Why would an investment … Continue reading

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What’s Going On?

It’s hard to look at what’s happening in the world today without wondering what the heck is going on. To take just the latest example…America’s financial system appears to be spinning out of control, and nobody can agree on what … Continue reading

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