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Comments on: Cliff notes on the financial crisis http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/ The Visible Hand in Economics Thu, 06 Dec 2012 02:30:49 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Financial regulation: Efficiency vs stability trade-off | The Dismal Science http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40272 Thu, 06 Dec 2012 02:30:49 +0000 http://www.tvhe.co.nz/?p=7795#comment-40272 […] with this one.  The first two artices are here and here, and the blog post I did on them are here and here.  Infometrics will be popping up some more articles on Tuesday’s, but they […]

]]> By: More on describing the crisis | The Dismal Science http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40256 Tue, 27 Nov 2012 21:03:15 +0000 http://www.tvhe.co.nz/?p=7795#comment-40256 […] article by me, this time talking about why the GFC persisted.  So in the first one I laid down Fed actions as the catalyst, and in the second one I’ve primarily laid the blame on institutional […]

]]> By: jamesz http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40230 Wed, 21 Nov 2012 21:57:02 +0000 http://www.tvhe.co.nz/?p=7795#comment-40230 In reply to Matt Nolan.

Utility maximization at its finest!

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40229 Wed, 21 Nov 2012 19:52:00 +0000 http://www.tvhe.co.nz/?p=7795#comment-40229 In reply to jamesz.

You know me – I’m completely self-serving. The thing is, my preference is over making noise rather than actually trying to achieve anything 😉

]]> By: jamesz http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40228 Wed, 21 Nov 2012 16:06:00 +0000 http://www.tvhe.co.nz/?p=7795#comment-40228 Maybe, by defending the profession, you are a ‘fresh voice’ among the hubris of others? I see a completely self-serving explanation for this entire bloggin endeavour 😉

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40223 Tue, 20 Nov 2012 02:36:00 +0000 http://www.tvhe.co.nz/?p=7795#comment-40223 In reply to Mark Hubbard.

For me the big question, and the one that needs to be dealt with before the crisis can end, is who ends up paying for the debt.

I’ll be trying articulate that sort of issue, and what we really need to see an end in sight, when I get to the next article. They are both aiming to be pretty descriptive, so in a lot of ways there won’t be much “there” other than a clear indication of how I see the crisis.

]]> By: Mark Hubbard http://www.tvhe.co.nz/2012/11/20/cliff-notes-on-the-financial-crisis/#comment-40222 Tue, 20 Nov 2012 02:26:00 +0000 http://www.tvhe.co.nz/?p=7795#comment-40222 I’d be interested to learn what you think lies at the end of the GFC in Europe, and the US? How can the national debts of Greece, Portugal, Spain, France, Italy, US ever be repaid … or even paid down considering the tax-takes needed for that – and logically given historical tax takes have still required governments to borrow – so we’d have to be looking at something like upwards toward double current taxing rates to stablise state finances, all else being equal, but then considering that all else would not be equal, as such tax increases would finish off what’s left of those economies. Assuming, of course, governments don’t reign in expenditure by the amounts required (because there’s no sign of them doing so, as long as politicians have their eye to the voting chamber).

And, currently there is a flight of the rich out of France and US, at least: where are they going? (Asis?)

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