BY KYLE LATHAM | MAY 30, 2012
Britain, "austerity," and the lessons of economic history
Economists and pundits alike are going wild over the United Kingdom’s recent “double dip” recession. The 2008-09 recession prompted the election of a conservative coalition led by Prime Minister David Cameron. Cameron decided the best path for economic recovery was “austerity,” a program of reduced government spending and smaller government debt. Keep reading ...
BY SHELDON RICHMAN | MAY 30, 2012
JPMorgan lesson: End government bank guarantees
It’s widely believed that JPMorgan Chase’s recent $2 billion–plus loss proves we need the comprehensive banking regulation called for by the 2010 Dodd-Frank law. That belief is wrong. Keep reading ...