Richard’s Forewards 2

  • Nouriel Roubini recommends several drastic proposals. (registration req’d). These include:

    massive and more unorthodox monetary policy easing to defrost credit markets even if this may imply central banks widening collateral and taking greater credit risk; massive and front-loaded fiscal stimulus more on the spending than tax side and with income relief to agents with high marginal propensity to spend (poor, unemployed, state/local governments); rapid takeover of insolvent banks – full nationalization – and their quick clean-up and re-privatization (etc.)

  • New York Times ignores corporate welfare issues.
  • Israel continues to block charity shipments to Gaza.
  • Tom Engelhardt on U.S. foreign policy-speak.

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