Monthly Archives: September 2011

Glocal Econ 10: Vulture Funds and Flying Monkeys

Glocal Economics 10: Random Notes and WoD Questions Definition of Economics: A system of incentives and disincentives through which a community governs itself without resorting to physical force. A community can be a world, a country, a state, a county, … Continue reading

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Glocal Econ 9: Ponzi Schemes and Petrodollars

Questions for Chapter 20: Hedge Funds and Derivatives: A Horse of a Different Color What’s the difference between a hedge fund and a margin account? How do hedge funds make “absolute returns” (like absolute numbers in math) that make a … Continue reading

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The People’s Bank of Cal-if-ornia

There are those who feel that California, with the eighth-largest economy in the world, is still too big to be trusted with a publicly-owned bank. Perhaps it should be split into three. The sunny, showy south, which everyone thinks of … Continue reading

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