Book Review: The Age of Turbulence (2007)

Adventures in a new world
by Alan Greenspan

Turbulence2007, The Penguin Press , 507 pages

The defining moment for the world’s economies was the fall of the Berlin Wall in 1989, revealing a state of economic ruin behind the iron curtain far beyond the expectations of the most knowledgeable Western economists. Central planning was exposed as an unredeemable failure; coupled with and supported by the growing disillusionment over the interventionist economies of the Western democracies, market capitalism began to quietly displace those policies in much of the world. Central planning was no longer a subject of debate. There were no eulogies….—Page 12 Continue reading

Movie Review: Inside Job (2010)

Inside JobStarkly entertaining indictment of the PTB __ 9/10
Review by Brian Wright

George Soros: Chuck Prince of Citibank famously said: ‘That we have to dance until the music stops.’ Actually, the music had stopped already when he said that.

Frank Partnoy: You’re gonna make an extra $2 million a year, or $10 million a year for putting your financial institution at risk. Someone else pays the bill, you don’t. Would you make that bet? Most people on Wall Street said, ‘Sure, I’d make that bet.’ Continue reading