tag:blogger.com,1999:blog-28189019.post6387177658186104433..comments2023-11-03T11:37:04.473+00:00Comments on nothing new under the sun: Understanding deflationbyron smithhttp://www.blogger.com/profile/17938334606675769903noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-28189019.post-509535899810447072010-08-23T16:29:07.803+01:002010-08-23T16:29:07.803+01:00NYT: The end of the long term housing boom.NYT: <a href="http://www.nytimes.com/2010/08/23/business/economy/23decline.html?_r=1" rel="nofollow">The end of the long term housing boom</a>.byron smithhttps://www.blogger.com/profile/17938334606675769903noreply@blogger.comtag:blogger.com,1999:blog-28189019.post-65955444233880355542010-08-23T11:22:14.398+01:002010-08-23T11:22:14.398+01:00It's an apologia, to be sure. It explains what...It's an apologia, to be sure. It explains what certain institutions have contributed and what helpful roles they continue to play - all of which is worth taking into account in any critique. He is also providing historical perspectives on the recent market failures, etc. There is definitely some critique there too - esp of the derivative markets. But there is a broader set of questions which Mathesonhttps://www.blogger.com/profile/15309831987958617937noreply@blogger.comtag:blogger.com,1999:blog-28189019.post-51084436998204569552010-08-23T10:03:03.283+01:002010-08-23T10:03:03.283+01:00Ah, apologies Dave. Now fixed.
Matt - Haven't...Ah, apologies Dave. Now fixed.<br /><br />Matt - Haven't read it. Thanks for the recommendation. Is it also a critique of contemporary practices or institutions (from a historical perspective) or an apologia? Or simply an account of how we came to be here?byron smithhttps://www.blogger.com/profile/17938334606675769903noreply@blogger.comtag:blogger.com,1999:blog-28189019.post-12414935919025244892010-08-23T01:47:39.391+01:002010-08-23T01:47:39.391+01:00I'm appreciating the economic links Byron, how...I'm appreciating the economic links Byron, however the link to Aaron's post is not taking me where it promises.<br /><br />Matheson, have you seen the Ascent of Money docos? Having seen them I'm wondering if it is worth reading the book as well?Dave Barriehttps://www.blogger.com/profile/10890664187276008177noreply@blogger.comtag:blogger.com,1999:blog-28189019.post-11981635679022722692010-08-22T23:23:55.325+01:002010-08-22T23:23:55.325+01:00I've just read Niall Ferguson's The Ascent...I've just read Niall Ferguson's The Ascent of Money. It is basic modern financial institutions 101, from a historical perspective. It traces the origins and basic functions of savings banks, govt bonds, insurance industry, equities, derivatives, and a couple of other basic financial phenomena. He has his own take on certain historical issues, but as a complete novice I found it very Mathesonhttps://www.blogger.com/profile/15309831987958617937noreply@blogger.com