Monthly Archives: October 2009

The Financial Crisis in Retrospect

While it will probably take a few years for the economy to fully recover from the recession of 2008-9, the financial crisis that deepened it and threatened another great depression has passed. With the benefit of hindsight we now have … Continue reading

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Comments on my Afghanistan Note

Warren, this is a serious and well considered evaluation, and I regret that American politicians have not faced up to these issues in the way you suggest. I wish somebody would make a public address raising these points. But you … Continue reading

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Afghanistan – What Now?

Between January 2002 and September of this year I have visited Afghanistan nine times to provide technical assistances to its central bank. I do so because I have training and experience that can help monetary authorities reorient their operations to … Continue reading

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We cannot have it if we don’t pay for it

Medicare and Medicaid created hug transfers of wealth from the younger to the older generation. But the elderly on average are much wealthier than the young. How can we justify taking from the poor to give more to the wealthy? … Continue reading

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