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: March 28 – April 3, 2010

We will return to the “Top 10” format because the feedback didn’t suggest much value-add from the “Top 15”. If you wish us to return to the “Top 15” at any time in the future, please don’t hesitate to leave a comment on the site or email us. — AWO

10. Why Celibacy Should Be Abolished — Hans Küng
9. EIA: New Offshore Drilling Will Lower Gas Prices in 2030 a Few Pennies a Gallon — Joseph RommRisk Is Clear in Drilling; Payoff Isn’t — John M. Broder & Clifford Krauss, Grounded Ship: 3km Oil Spill on Great Barrier Reef — Marissa Calligeros, and What the Frack? — David Biello
8. Here We WMD Again — Scott Ritter, The United States, Iran, and the Middle East’s New “Cold War” — Flynt Leverett & Hillary Mann Leverett, and “Reporting” on Iran Should Seem Familiar — Glenn Greenwald
7. Is the Health Care Law Unconstitutional? — Jack M. Balkin, Randy Barnett, Abbe R. Gluck, David B. Rivkin, Lee A. Casey, & James F. Blumstein, Individual Mandate Penalties Are Adequate — Austin Frakt, Is “ObamaCare” Destroying Wealth? — Uwe E. Reinhardt, and Economy Will Get a Boost from Health Care Overhaul — Mitchell Schnurman
6. The Income Rollercoaster — Karen Dynan and High Income Disparity Leads to Low Savings Rates — Yves Smith
5. What Makes Chechen Women So Dangerous? — Robert A. Pape, Lindsey O’Rourke, & Jenna McDermitLady Gaga vs. the Occupation — Thomas Hegghammer, and Hating Us For Our Degeneracy — Daniel Larison
4. Study: Two-Thirds of Boys in Afghan Jails Are Brutalized — Gareth Porter, Iraqi Children’s Growth Stunted by War, Says Study — BBC NewsPacified Populations — Kathy Kelly, Night Raids Belie McChrystal’s New Image — Gareth Porter, and Gen. McChrystal: We’ve Shot “an Amazing Number of People” Who Were Not Threats — Justin Elliott
3. 10 Questions for Finance Reformers — Barry Ritholtz and The Lone Star Secret — Alyssa Katz
2. Fiscal Policies in “Normal” and “Abnormal” Recessions — Paul De Grauwe
1. How to Combat Modern Slavery — Kevin Bales
BONUS: Power Tools — Steven Strogatz