Posts by Blake Monkley
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I should also note that I am driven nuts by people of The Left who can't see the virtue of markets at all. People at both extremes seem to find it hard to grasp that conflicting ideas might be worth their attention.
The challenge is to devise a new financial system that preserves capitalism and entrepreneurship. I’d prefer to see banks lending overwhelmingly focused on working capital and genuine investment needs of firms, rather than speculative housing and share purchases.
Right, I'm off to the surf club to watch the test with a bunch of Ockers....Fingers crossed.
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If any recovery is to be lasting, USA and China will have to rebalance their trading relationship. China runs a huge surplus with the USA, USA sends money to China, China recycles those dollars into USA treasury bills, thereby keeping interest rates low which encourages debt and consumption. Consumers might think that's a good thing but it does come with problems for both China and the USA.
Here is the blog of Prof Steve Keen who wrote a great book called Debunking Economics and is calling for the replacement of an economic theory that misunderstands credit and ignores debt, and its replacement with it with one that takes credit and debt seriously.
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Scientists publish report and warn of the possibilities of a pig pandemic after swine flu moves from human to hog during a scientific test.
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Very cool.
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Dangling the baby. WTF was he thinking.
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Pop quiz: Can anyone actually remember the last time the All Blacks scored an intercept themselves?
Luke McAlister scored an intercept try in the same test match that was famous for the Lote Tuqiri spear tackle on Richie McCaw.
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I recall it has the most popular state/federal reserve is that correct?
It is much loved and its popularity means the place has always walked on the edge of being loved to death.
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BTW -22 degrees Celsius and a clear blue day.
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priest