One of the best explanations I have seen yet of the Bernie Madoff Scandal and Ponzi schemes:
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Tales, thoughts and policy reflections from wannabe economists (that met) at the Graduate Institute in Geneva
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We are the wannabe economists of the Graduate Institute of International and Development Studies in Geneva. We use this blog to share out thoughts on the world economy and the rest. So...here's our musings and policy reflections.
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2009
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April
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- Quote Of The Week
- Cultures of Corruption or Selection Bias (wonkish)?
- Barack, scrap the Cuban embargo
- Vote Your Economic Word of the Year....
- is not too LATE for empirical development!!!
- my name is what???
- Pop Quiz
- It's not wine for cloth anymore!
- Fighting pirates
- What good are economists anyway?
- Are doctors good presidents?
- Evil signalling
- The Economic Word of the Year
- Econometrics vs. knowledge
- Battle in Seattle
- The Undervaluation of Uncertainty: A Defense of Ca...
- False economy
- The Quiet Coup
- Inspiration Needed??
- Ponzi Schemes 101
- The Formula That Shook the World
- Larry Summers
- Animal spirits
- Moyo's book - Sexism and twisted incentives
- Stimulating consumption
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April
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Study at the Institute
If you like Rigotnomics, you (may) want to study economics at the Graduate Institute.
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pierre-louis.vezina (at) graduateinstitute.ch
1 comment:
Wanna see a big ponzi scheme? Look at fractional reserve banking... talk about a ponzi scheme.
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