Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list is a description by Australian economist Bill Mitchell explaining why we are ruining our grandchildren's future (it's not why you think)........ and the last article says that much donated medical equipment going to developing countries ends up as scrap.
- Lower deficits now, undermine our grandchildren’s future (Bill Mitchell, BillyBlog) Hat tip to Roger Erickson. From the article:
"While the distribution of wealth and income is highly problematic it is also not the problem. The problem is that government policy is deliberately constraining the capacity of the economy to utilise its available resources and knowhow to advance well being."
- When Deficits Become a Problem (Tim Duy, Tim Duy's Fed Watch)
- Financially Savvy Retirees Most Likely To Be Scammed (Dion's Fidelity Independent Adviser)
- Everything You Think You Know About the Fed's Exit Plan May Be Wrong (John Carney, NetNet, CNBC) Read John Whitehead's review of this exit plan option published a month ago in GEI Opinion.
- Niall Ferguson’s Latest Gay Bashing is the Least of His Problems (William K. Black, New Economic Perspectives) Bill Black is a Global Economic Intersection contributor.
- The Reverse Revolving Door: How Corporate Insiders Are Rewarded Upon Leaving Firms for Congress (Lee Fang, The Nation) Hat tip to Jerrit Erickson.
- 15 Best Finance Tweets of the Month: April (Katie Rass, AdvisorOne)
- Justice O'Connor Regrets (Jeffrey Toobin, The New Yorker)
- Medical Equipment Donated to Developing Nations Usually Ends Up on the Junk Heap (Andrew Jones, Scientific American)