You Heard It Here First

Yesterday, The New York Times profiled Harvard professor David A. Moss, who is researching the relation between income inequality and financial crises. Apparently, this connection just “came to Mr. Moss about a year ago.” The usually-savvy financial commentator Yves Smith thinks Moss is putting forward “a bold thesis” because inequality is more likely “a secondary contributor.”

I have to admit my surprise that Moss and Smith are, well, surprised.

I wrote about this dynamic in December 2008 (and again in October 2009). Hey, can I be a Harvard professor too?   Continue reading “You Heard It Here First”

Best of the Week: April 25 – May 1, 2010

10.  Noriega’s Last Laugh — Christopher Dickey and Atrocities in Afghanistan: A Troubling Timetable — Kathy Kelly & Dan Pearson
9. To Save the Eurozone: $1 Trillion, European Central Bank Reform, and a New Head for the IMF — Peter Boone & Simon Johnson and The European Experience with Large Fiscal Adjustments — Alcidi Cinzia & Daniel Gros
8. Climate Change Indicators in the United States: Summary of Findings — Nick Sundt and CCS Stunner: New Study Finds Geologic Sequestration “Is Not a Practical Means to Provide Any Substantive Reduction in CO2 Emissions” — Joseph Romm
7. Immigration Reform Is Working. Now We Need to Look at What Isn’t. — Edward Schumacher-Matos, To “Control the Border,” First Reform Immigration Law — Daniel Griswold, and The Predictable Tragedies of Arizona’s Anti-Immigration Law — Ezra Klein & Ta-Nehisi Coates
6. The Deficit: Nine Myths We Can’t Afford — Pavlina R. Tcherneva, Stephanie Kelton, L. Randall Wray, Marshall Auerback, Yeva Nersisyan, & Warren Mosler, Do Not Confuse Solvency with Sustainability — Pavlina R. Tcherneva, and Paul Samuelson on Deficit Myths — L. Randall Wray
5. Why Financial Reform Needs a Bank Tax — David LeonhardtWho’s Afraid of a Bank Tax? — David Leonhardt, and Endgame in the Financial Reforms — David Skeel
4. Return of the Death Squads — Jeremy Kryt and Are Aid Donors Now Running Haiti? — Daniel Altman
3. Nukes for Sale — Jeremy Bernstein and A New Start — Tara McKelvey
2. Chris Dodd’s Carve-Outs for Cronies — Mark A. Calabria and Big Business Pleads for Loopholes in Financial Regulatory Reform — Steven Pearlstein
1. Cruel Ethiopia — Helen Epstein and The State of Liberal Democracy in Africa: Resurgence or Retreat? — Tony Leon
BONUS: Chances Are — Steven Strogatz

Best of the Week: February 14-20, 2010

10. Letting Perfect Be the Enemy of the Good? — J. Michael McWilliams and All You Ever Wanted to Know about the Research on Health Insurance and Health–and More — Stan Dorn
9. The Origins of Religion: Evolved Adaptation or By-Product? — Ilkka Pyysiäinen & Marc Hauser
8. GSE Losses as Shadow Bailout — Mike Konczal and Dividend Restrictions as Macroprudential Regulation — Charles A. E. Goodhart, Udara Peiris, Dimitri Tsomocos, & Alexandros Vardoulakis
7. NOAA: Warmest January in Both Satellite Records — Joseph RommAn Amazing, Though Clearly Little-Known, Scientific Fact: We Get More Snow Storms in Warm Years! — Joseph Romm, and An Ominous Warning on the Effects of Ocean Acidification — Carl Zimmer
6. The End of Obama’s Vision of a Nuke-Free World — Scott Ritter and The Best Way to Get Rid of the World’s Nukes — Barry Blechman
5. The Rape of American Prisoners — David Kaiser & Lovisa Stannow
4. Greece Should Approach the IMF — Simon Johnson and Try a European Fiscal Fund — Mark Thoma
3. Why Chuckles Greeted Hillary’s Gulf Tour — Rami G. Khouri
2. The Fetishism of Morality — Jonathan Rée
1. The Making of a Euromess — Paul Krugman and California Death Spiral — Paul Krugman
BONUS: The Enemy of My Enemy — Steven Strogatz

Best of the Month: January 2010

10. PANIC!!! — Jonathan Chait, What Will Make People Trust Government Again? — John Sides, and A Formula for Futility — Ronald Brownstein
9. Iran, the Competition Over Eurasian Natural Gas, and the Revival of Classical Diplomacy in the 21st Century — Flynt Leverett & Hillary Mann Leverett
8. If It’s That Warm, How Come It’s So Damned Cold? — James Hansen, Reto Ruedy, Makiko Sato, & Ken Lo
7. A Bank Levy Will Not Stop the Doomsday Cycle — Peter Boone & Simon Johnson, Engineering Financial Stability — Robert J. Shiller, Who Bears the Costs of Post-Crisis Recovery? — Barry Ritholtz, and A Bomb Squad for Wall Street — William D. Cohan
6. What Toronto Can Teach New York and London — Chrystia Freeland, The Little-Known Reason Why Investment Banks Got Too Big, Too Greedy, Too Risky, and Too Powerful — Daniel Gross, and For Wall Street, Tough Talk, but Weak Reforms — William D. Cohan
5. The Tree-Lined Bunkers That Could Change the Face of the Middle East — Robert Fisk
4. Obama’s Secret Prisons — Anand Gopal & Tom Engelhardt
3. Nothing to Fear — John R. Bowen
2. A Deal with the Taliban? — Ahmed Rashid
1. The Year Climate Science Caught Up with What Top Scientists Have Been Saying Privately for Years — Joseph Romm
BONUS: What Isn’t the Weatherman Telling You? — Anthony W. Orlando