(Reader note: here at Reuters we’ve been discussing the merits of opening links in a new tab vs. the same one. So I’m going to experiment for a week with links in the same window. If you prefer them to be opened in a new tab, just right click)
(Reader note #2: I’m away this weekend with limited access to the internet, so posting will be light.)
Can a central bank go broke? (Mises) If the economy’s liabilities are in foreign currency, certainly. When they are in domestic currency, the printing press becomes the solution. In the long run, this may be worse.
Did the Oracle just blink (Reuters) Warren Buffett sold more of his Moody’s shares.
Notes from the space elevator conference (hplusmagazine, ht Yves)
Furloughed professors (Econbrowser) James Hamilton doesn’t think very much of some UC professors’ plan to protest furloughs by walking out of classes.
Judge’s frustration grows with mortgage servicers (NYT) A judge in AZ gave one troubled borrower the opportunity to cross-examine a Wells Fargo executive.
Cash 4 Kids in Japan (CNN) It pays better to buy a car in the U.S.
Russell Crowe’s clever PR stunt (BBC) Says the writer who criticized Mr. Crowe after seeing a photograph of him smoking during a break in a bike ride: “When you make a living throwing stones you expect that one day someone is going to lob one back. This was that day.”