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About LinkBacksHow to Combat a Banking Crisis: First, Round Up the Pessimists - WSJ.com
Round up the usual suspects!
How to Combat a Banking Crisis: First, Round Up the Pessimists - WSJ.com
Round up the usual suspects!
Classic! You could, conceivably, substitute Ireland for Latvia throughout that article without raising an eyebrow. Although, one wonders what would happen to the Nob Nation team in Latvia? Hung drawn and quartered perhaps?Originally Posted by BodyofEvidence
Hmm, who would our up-start young economist be? All of our prized doom-and-gloom mongers (aka: realists) are in their 40s, me thinks?
The kgb is making a comeback ,if it ever left.
A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.
WEAVER, HENRY GRADY,
From the article:
"But he is still under investigation for bad-mouthing the stability of Latvia's banks and the national currency, the lat. Investigators suspect him of spreading "untruthful information."
In another story, a South Korean blogger was also arrested recently, accused of similar things.
FT.com / Asia-Pacific - Financial blogger arrested in South Korea
Also, Krugman has suggested rounding up the culprits as well:
[FONT=Arial][COLOR=#808080]January 17, 2009, 4:02 pm[/COLOR][/FONT]
[COLOR=#004276]An alternative economic strategy[/COLOR]
The interest rate is up against the zero lower bound; the fiscal stimulus doesn’t look big enough; the TARP has been a disappointment. What to do?
My wife suggests that we might try sacrificing a few bankers — central bankers, investment bankers, whatever — to appease the financial gods.
We may have to make some sacrifices
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All them ave been thru the 80's so they know the reality.
Lucey and Kelly are early 40's. Maccer just about 40. Ahearne looks young. George 109 in attitude.
Interestingly Lucey, Mary "im the regulatrix now" O'Dea, Maccer and George all joined teh central bank at the same time as Cathal Guiomard (airports regulator) and a guy called Fell who is now a bigwig in the ECB....
Eh, there was a certain economist writing in the IT today who is glad he doesn't live in Latvia!
Something terrible must have happened there...[SIZE=1]shudder[/SIZE]
I knew there was something wrong with me today when I realised that Morgan Kelly is my hero...
Something terrible must have happened there...[SIZE=1]shudder[/SIZE]
well, there were a few that stayed ...
Apparantly there should have a seat for him in the Dail today he got mentioned so many times during the debate.
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