ndk's notepad

Excellent Returns The period from 1983 until a year ago featured some of the most spectacular returns on investment ever seen. With some hic...

I believe recession-fighting monetary policy works very well in theory and practice in any one iteration.  By artificially depressing the re...

I've grown extremely frustrated by the rush to save our nation's banking system, because bad assets are not the real problem. Yes, ...

Monetarism is a beautiful theory.  Economics is full of such beautiful theories, like Say's Law, Ricardian equivalence, Keynesian fiscal...

Martin Wolf (hat tip S) has put out a piece describing the massive levels of debt outstanding in major economies and the options available ...

Further details are now leaking on the good bank/bad bank plan.  It smells awfully similar to the first version of the TARP , which was aba...

Because this is contentious territory, let me disclose up front my biases.  I'm a proud American who has visited many parts of China.  I...