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
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
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