… contains the seed of a good idea but his version is an inequitable mess That’s the headline for my latest piece in the Guardian , over the fold It is always disappointing when an important, and potentially transformational, policy idea is introduced in a form that almost certainly guarantees its rejection. That’s even more true in the context of an election campaign, where reasoned analysis of policy invariably takes a back seat to partisan polemics. Dominic...

Let’s get the up-or-down part of this review over with quickly: Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It by Erica Thompson is a poorly written, mostly vacuous rumination on mathematical modeling, and you would do well to ignore it.Now that that’s done, we can get on with the interesting aspect of this book, its adaptation of trendy radical subjectivism for the world of modeling and empirical analysis....While I have not read the work that...

Bond Economics What We Learned: Something Is Seriously Wrong With Silicon ValleyBrian RomanchukNotes on the CrisisEvery Complex Banking Issue All At Once: The Failure of Silicon Valley Bank in One Brief Summary and Five Quick ImplicationsNathan TankusThe Big PictureAll the Things We Do Not Know About SVBBarry L. Ritholtz is co-founder, chairman, and chief investment officer of Ritholtz Wealth Management LLC.ECNS (Chinese official English news service)Experts: U.S. bank collapse result of...

Let’s get the up-or-down part of this review over with quickly: Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It by Erica Thompson is a poorly written, mostly vacuous rumination on mathematical modeling, and you would do well to ignore it.Now that that’s done, we can get on with the interesting aspect of this book, its adaptation of trendy radical subjectivism for the world of modeling and empirical analysis.  The framework I’m referring to goes...

In an exclusive interview with The Cradle, Russia's top macroeconomics strategist criticizes Moscow's slow pace of financial reform and warns there will be no new global currency without Beijing.The CradleSergey Glazyev: ‘The road to financial multipolarity will be long and rocky’Pepe EscobarSee alsoGlobal SouthHere comes ChinaGodfree Robberts

from Dean Baker There are two key points that people should recognize about the decision to guarantee all the deposits at Silicon Valley Bank (SVB): It was a bailout Donald Trump was the person responsible. The first point is straightforward. We gave a government guarantee of great value to people who had not paid for it. We will get a lot of silly game playing on this issue, just like we did back in 2008-09. The game players will tell us that this guarantee didn’t cost the government a...

The NYT addresses the increasing use of child labor in the US (the link allows access to the article whether you have a subscription or not): Arriving in record numbers, they’re ending up in dangerous jobs that violate child labor laws — including in factories that make products for well-known brands like Cheetos and Fruit of the Loom. “It was almost midnight in Grand Rapids, Mich., but inside the factory everything was bright. A conveyor...