by Henry Oliner | Jan 8, 2023 | Economics
Deficit spending is stimulative to economic growth: raising taxes on business and higher interest rates are a disincentive to economic growth. Doing both at the same time is incoherent and a recipe for stagnation. If there is a tradeoff between a recession and...
by Henry Oliner | Aug 10, 2011 | Business
Despite this constant free flow of information … we are caught unaware as one crisis after another devastates the financial markets. The temptation is to think that information and openness will enable us to risk and eliminate market crisis. As plausible as this...
by Henry Oliner | Jul 30, 2011 | Politics
As a result of the depressed economy the difference in income between whites and minorities have widened. While the most shrill will find this to be clear testament to the inherent racism in the GOP, the reality is that both Republicans and Democrats want and need a...
by Henry Oliner | Jun 21, 2011 | Business
Accounting has failed us as investors and managers. Accounting should be about generating sufficient statistics to assess the state of a firm. It is more than simply taking numbers and putting them in the appropriate bin based on generally accepted accounting...
by Henry Oliner | May 13, 2011 | Financial
The implications of complexity in financial markets are more pointed than for most other industries: In the financial markets, some participants have a self- interest in gaming the system. Traders do not act as uninvolved parties. They are ready to take advantage of...
