The Telegraph (Free subscription) | 7 hours ago
Former UK policy maker Willem Buiter said that the only thing stopping the Bank of England from cutting interest rates to zero on Thursday is a fear that it will turn sterling's recent weakness into a "rout".
Just World News (Free subscription) | 29/11/2008
In his latest blog post today, former ECB chief economist Willem Buiter lays heavily into Fed chief Ben Bernanke for his refusal to disclose vital data about the-- now-- trillions--...
Credit Writedowns (Free subscription) | 26/11/2008
Willem Buiter has a very useful and provocative blog at the Financial Times website called Mavercon. The Dutch-born former Bank of England MPC member is not afraid to take policy makers to task or call a spade a spade. In his latest post on why banks are refusing to lend to creditworthy customers, he has some [...] Related posts Willem Buiter to become a bank Quote of the...
Just World News (Free subscription) | 26/11/2008
Willem Buiter is the former chief economist of the European Bank for Reconstruction and Development. He's not only smart; he's well-informed and thoughtful. Today he wrote on his blog: We...
Libertarian Democrat Point Of View (Free subscription) | 15 hours ago
Willem Buiter posts again on the Liquidity Trap problem : "The (formerly) advanced industrial countries are all in or headed for the liquidity trap ‘lite’. This is the situation where the short-term risk-free nominal interest rate cannot fall any further. A ‘heavy’ or ‘deep’ liquidity trap occurs when nominal risk-free rates at all maturities are at their lower bound(s). A liquidity trap...
Libertarian Democrat Point Of View (Free subscription) | yesterday
Willem Buiter on the transparency of the Central Banks : "Bloomberg News filed a federal lawsuit on November 7, 2008, to force disclosure by the Federal Reserve, under the US Freedom of Information Act, about the lending by the Federal Reserve system to private banks. Bloomberg wants to know the identities of the borrowing banks, how much each one borrowed, and the assets the Fed has...
Libertarian Democrat Point Of View (Free subscription) | 29/11/2008
Willem Buiter with an excellent post on human and civil rights : "I have long held the view that our freedom, our civil liberties and human rights, and indeed our open society, pluralist political system and way of life are endangered more by the response of the UK and US governments to the threat posed by Al-Qaeda and other terrorist groups, than by the terrorists themselves. A further...
Libertarian Democrat Point Of View (Free subscription) | 28/11/2008
I'm not that happy with Willem Buiter and Nick Rowe right now. I feel like my old college chum Bertie Wooster ( Oh yes, I spent many a college evening with Bertie and his manservant Jeeves, who was decidedly helpful if I had a hangover ) must have felt when he was drawn into some spot of bother by Freddie Meadowes or Bingo Little ( I'm probably more like him ). You see, I'm terribly backed...
No Original Content (Free subscription) | 28/11/2008
Willem Buiter explains (and this has nothing to do with this cook ). In the meantime, Greg Mankiw is not happy about a comment by Paul Krugman on the quality of the Bush economic team. Krugman replies that he was thinking about the Treasury and not the CEA. ------------------------------------------------- ♦ DiggIt! ♦ Add to del.icio.us ♦ Share on Facebook
The Strategist (Free subscription) | 29/11/2008
I've recently discovered the joy of Google Reader. All the posts of my favourite blogs piped into the one easy-to-read page. Brilliant! Here are three posts that I've enjoyed reading this week. Maverecon: "Too many cooks in Obama's economics kitchen" Willem Buiter unravels the "Byzantine complexity of the White House economic policy-making machine". Still, the US intelligence community...
Philippe Legrain (Free subscription) | 28/11/2008
... in a public office”, basically making public information leaked from the Home Office. But as Willem Buiter rightly says: Using the counter-terror unit to investigate an alleged offence which, even if it had been committed, would not be terrorism-related, is an abuse of power. These are the methods used commonly in police states. They have no place in the UK.
Memex 1.1 (Free subscription) | 27/11/2008
Willem Buiter doesn't see why he should be left out of the bailouts. My wife and I are the proud owners of all the common stock in a small company, created originally as a vehicle for supplying consultancy services. Because we are both US citizens, the company is registered both in the US and in [...]
charliebeckett.org (Free subscription) | 28/11/2008
... they get that notion.” I wish those were my words but they in fact belong to the LSE Economist Willem Buiter who blogs at the FT and comments regularly in the media. It is a great blog from an independent and well-informed expect. Exactly the sort of thing that we used to pay for. It is also a great example of the different reasons that blogging works, both for the writer and the...
Libertarian Democrat Point Of View (Free subscription) | 26/11/2008
Willem Buiter with a terrific new post on the current situation : "The depth of the current crisis is such that the last two tasks of the financial system (risk trading and portfolio management) are being performed abysmally, and the first, the intermediation of financial surpluses and deficits, has effectively ceased to be fulfilled by our financial markets and banks. Financial intermediation...
naked capitalism (Free subscription) | 26/11/2008
Willem Buiter is never one to mince words, and today his message is that the financial system is not operating: In a decentralised market economy, financial intermediation between economic agents with financial surpluses and those with financial deficits (or, more accurately, between economic agents who would like to run financial surpluses and those who would like to run financial deficits)...
