Reading List: Barry Ritholtz on Causes of the Financial Crisis

3rd April 2012

America's dream unravels

As Edward Luce looks at how America is coping with its relative economic decline, he says the US faces two problems that intertwine "like a Gordian knot." An American middle class that is in long-term crisis and a political scene that tracks the growing divide between the rich and everyone else. Financial Times


Pink Slime Economics

Paul Krugman explains why the budget devised by Paul Ryan, the chairman of the House Budget Committee and passed by Republicans in the House of Representatives last Thursday, is "the most fraudulent budget in American history." New York Times


Has austerity gone too far?

Is austerity self-defeating? Is it keeping Europeans underemployed for years and destroying the very growth needed to pay off the debt? Or is it steering nations clear of Greek-like tragedies? Economist Giancarlo Corsetti starts a new debate on austerity. vox eu


On the Limits to Monetary Policy

Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, reveals that two distinct types of demand shocks: labour demand shocks and product demand shocks, may explain why the Fed has been able to keep inflation stable but not employment. Minneapolis Fed


Barry Ritholtz on Causes of the Financial Crisis

The Wall Street money manager and Washington Post columnist identifies the ills of America's political and economic system that caused the financial crisis in 2008. The Browser


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