Tag Archives: Economics for the Jilted Generation

I haven’t written a post in a long time. My blog was mostly an attempt to piece together and understand the 2008 financial crisis, and the various consequences of it. One pretty big consequence, at least in my home country, the United Kingdom, has been Brexit. I didn’t vote in the 2016 referendum. Mostly because I was at that time I was living abroad in the United States with my father, having moved there the previous year, and I had trouble applying for an overseas postal vote. I probably...

To all who argued the financial world would’ve collapsed without the bailouts: The political world is collapsing now because of the bailouts — Emanuel Derman (@EmanuelDerman) June 25, 2016 The bigger picture of the early 21st century follows: Western nations experienced a massive blowout bubble of leverage, irrational exuberance, and Hayekian pseudo-money creation. Yet this money was not going to overwhelmingly productive causes. The real output of the Western world did not follow...