GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, September 8, 2014

Is the Debt Really That Bad? Paul Krugman on Borrowing, the Economy (2013)






Jan Hatzius (born December 17, 1968) is the chief economist of investment bank Goldman Sachs. Notable for his bearish forecasts prior to the Financial crisis of 2007–2008, he is a two-time winner of the Lawrence R. Klein Award for the most accurate US economic forecast over the prior four years.[1][2] He has also won a number of other forecasting awards, including the Wall Street Journal, Bloomberg, and Institutional Investor annual forecaster rankings.

Born in Heidelberg, Hatzius attended the University of Wisconsin–Madison and the Kiel Institute for the World Economy. He earned a Doctor of Philosophy in economics from the University of Oxford in 1995 (advisor: Stephen Nickell). He has also worked as a research fellow at the London School of Economics.

Hatzius joined Goldman Sachs in 1997 as an associate economist in the Frankfurt office and moved to New York in 1999. He became a managing director in 2004, and succeeded former chief US economist William Dudley in 2005. In 2008, Hatzius was named to Goldman Sachs′ list of partners. In 2011, Hatzius became the firm's chief economist and co-head of global economics and markets research (with Dominic Wilson).

Hatzius is married with three children, and resides in New York City's Upper West Side.

http://en.wikipedia.org/wiki/Jan_Hatzius

Martin Wolf, CBE (born 1946) is a British journalist, widely considered to be one of the world's most influential writers on economics. He is the associate editor and chief economics commentator at the Financial Times.

http://en.wikipedia.org/wiki/Martin_Wolf

Alan Stuart Blinder (born October 14, 1945) is an American economist. He serves at Princeton University as the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs in the Economics Department, and vice chairman of The Observatory Group. He founded Princeton’s Griswold Center for Economic Policy Studies in 1990. Since 1978 he has been a Research Associate of the National Bureau of Economic Research.[1] He is also a co-founder and a vice chairman of the Promontory Interfinancial Network, LLC. He is among the most influential economists in the world according to IDEAS/RePEc,[2] and is "considered one of the great economic minds of his generation."[3]

Blinder served on President Bill Clinton's Council of Economic Advisers (July 27, 1993 – June 26, 1994), and as the Vice Chairman of the Board of Governors of the Federal Reserve System from June 27, 1994, to January 31, 1996. Blinder's recent academic work has focused particularly on monetary policy and central banking,[4] as well as the "offshoring" of jobs, and his writing for lay audiences has been published primarily but not exclusively in New York Times, Washington Post and Wall Street Journal, where he now writes a regular monthly op-ed column. His latest book is After the Music Stopped, published by Penguin in January 2013.

http://en.wikipedia.org/wiki/Alan_Bli...

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