Archive for Chidem Kurdas
Chidem Kurdas is a financial journalist in New York. She writes investment analysis on www.HedgeFundSmarts.com and policy news spoofs on www.JenniferKerfuffle.com
Financial Crises and the Federal Reserve’s Punch Bowl
Why did the U.S. financial system nearly collapse last year? People blame Wall Street’s excessive greed and risk-taking. But without easy money, the massive risk-taking could not have happened.
To be sure, financial firms leveraged up—that is, they did a lot of business with borrowed money. That juiced up revenues and bonuses in the boom—and exacerbated [...]
Regulation Will Stop Future Madoffs? It Just Ain’t So!
Bernard Madoff is a boon to financial regulation advocates. A well-known Wall Street figure, he confessed to defrauding his clients of $50 billion, an amazing number. It is now established conventional wisdom, blared across the media, that this and other financial disasters would likely not have happened had there been proper government supervision.
With deregulation fingered [...]
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
