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Chelsea Green Blog

Financial bailout lowdown

Ezra Klein at The American Prospect blog offers some good summaries of the problems with the Bush/Paulson bailout plan, and links to more necessary analysis. This, unfortunately, is the sort of thing that tends to be a done deal (and Klein’s post on Senator Dodd suggests just that), but on the off chance that understanding the situation a little better now is useful, I recommend you check it out.

Example:

As we rush our way through the bailout argument, it’s worth being clear on the distinction between losses and collapse. The crisis is not about the possibility of Wall Street suffering sustained losses. It is about the possibility of Wall Street seeing a series of firms collapse. But Paulson is conflating the two…. The problem with the bailout plan is that we’re supposed to be buttressing Wall Street against the possibility of collapse, but Paulson went a step further and constructed the government’s approach to help protect against loss….

Anyway, read up and down his recent set of posts. It’s sobering, but instructive.

[Photo courtesy of wwhyte1968]


Chelsea Green Weekly for May 5, 2017

Ever wonder what your favorite Chelsea Green authors do between writing groundbreaking–both literally and figuratively–books? Here are the best links and resources for your weekend reading pleasure. Let’s start with The Alzheimer’s Antidote. The Alzheimer’s Antidote Amy Berger has been making the rounds on the health, wellness, and fitness circuit, explaining the theories behind her revolutionary […] Read More

Q&A with Kate Raworth about her radical new book, DOUGHNUT ECONOMICS

Q: First things first: Why did you want to write this book? A: I studied economics at university 25 years ago because I wanted to make a difference in the world and believed that economics – the mother tongue of public policy – would best equip me to do that. Instead, its theories left me […] Read More

Chelsea Green: In the Media 2016

Oh, 2016. Where did the time go? Each year, Chelsea Green receives hundreds of mentions (well over 1000 in 2016) in the media both big and small. From interviews, to excerpts, to opinion pieces by authors we’re always working to make sure that the mission and message of each book is spread far and wide. […] Read More

Slack and Taut: Defining a System’s Resilience

A resilient future (or a resilient present, for that matter) needs to be slack, not taut. What do we mean? Core to the concept of a Lean Economy is understanding the need to move toward a “slack” market rather than one that is “taut.” When British economist David Fleming died unexpectedly in 2010, he left […] Read More

Prehistory of the Next American Revolution

What now? A new Revolution? If we are to counter the dangers both of corporate domination and of traditional forms of socialist statism, decentralization is essential—both of economic institutions and of political structure. We are at a point in our nation’s history that could, decades from now, be taught as the prehistory of the next […] Read More
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