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What a difference a night makes… Tuesday night ‘partying’ to ‘change the world’ with Bill Clinton. Wednesday night at Warwick University debating with the people who are actually going to do it. 

What is there to say about Facebook?

Why would anyone buy a company's stock when they have no real profit pedigree? When their advertising profit in 2011 came to just over $1 billion, and their book value is the region of $100 billion, how can that really make any sense other than to the kind of nutcase zombie trader who takes Jim Cramer seriously? 

Prison, Plato and Progress

Written by Ross Ashcroft Sunday, 06 May 2012
The Four Horsemen film opened in Belgium last week, but the premiere didn't take place at the sold out multiplex – it was held four hours prior to that screening at Leuven high security prison.
The Renegade Economist in conversation with Ann Pettifor.
Tyler Durden pointed out yesterday that just three weeks after Goldman made the case for equities relative to bonds, the muppets who had listened to their advice were getting skewered.

For economics nerds like me the last week has been riveting. Paul Krugman, a Nobel-prizewinning member of the economics establishment, has been debating with Steve Keen, a radical who’s long argued that the conventional economics taught in universities is woefully unrealistic because it ignores important features of the real world like uncertainty, the role of banks, debt and how money is created.

In another desperate effort to prop up the British Ponzi housing market David Cameron is offering council tenants £75,000 to help buy their own homes. 

What does the close relationship between Prime Minister, David Cameron, and mathematician and philosopher Nasim Taleb mean for UK economic policy? And if Mr Taleb's theories on Black Swans, risk and debt are being absorbed by the PM, what are the implications be for savers and investors?
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