25th October 2011
After reading a recent economic document, Billy Mitchell wonders: "what if economists were personally liable for their advice? The jails would be full of bankrupted economists." Bill Mitchell – billy blog
If the Occupy Wall Street movement tells us nothing else, it is that the last thing the US economy needs is more households overwhelmed by debt. "That is why US banks should embrace a plan to restructure home mortgages." Project-syndicate
US policymakers are running out of tools to get the economy growing and solve its unemployment problem. "The best option that can be implemented without a vote of Congress is to work through the market that started this mess in the first place – housing." Peterson Institute for International Economics
The Chinese economist Mao Yushi [presents] an interesting paradox. "If we were all completely benevolent – looking out for the interests of other people rather than ourselves – we would have just as much conflict as capitalism is said to give us." Adam Smith
The outlook in China is at a rather precarious point right now. "The twin spectres of contracting manufacturing and stubborn inflation have both turned around ever so slightly in recent weeks." FT Alphaville
Got any other suggestions for what we should be reading? Tell us below?
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