Not a blog but a "q-and-a" (pronounced "quanda"), this page is about the basics of economics. Its premise: there are no stupid q's. And if some a's seem dim, take heart: I can brighten them up in response to objections, corrections, refinements. Comments on posts feature yours, and my responses. Enough of you now frequent and query the quanda that I post most every day. Haven't seen your q yet? Send it again. All a's should be taken with a shaker of sodium chloride, if not a Lot's-wife's-worth. And speaking of salt, the mustache and "hair" in the photo has a lot less of that condiment, and rather more pepper, than can be seen on TV. Think of it as time travel.
Paul Solman:MIT's Simon Johnson, former chief economist at the IMF, is a frequent contributor to the NewsHour and this page. He's also coauthor of a blog on the financial crisis, The Baseline Scenario, which has, in the words of Paul Krugman, "become a must read."
Since Johnson comes to Boston regularly, where I'm located and a camera is within easy reach, we've decided to check in with him regularly on key questions of MINE...and yours as well. One last reason to make him a video regular here: He's about as charming and clear an economic talker as I've ever encountered. And I've encountered more than a few economic talkers in the past 32 years.
In the clip below, I ask Johnson for his thoughts on whether the proposed bank regulations will work and if he believes that American 'oligarchs' still run Wall Street. A few annotations: This interview took place a few weeks ago. Jamie Dimon is the CEO of JPMorgan Chase.
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Simon Johnson on Whether Wall Street Has Changed
**Paul Solman:** MIT's "Simon Johnson":http://mitsloan.mit.edu/faculty/detail.php?in_spseqno=198&co_list=F, former chief economist at the IMF, is a frequent contributor to the NewsHour and this page. He's also coauthor of a blog on the financial crisis, "The Baseline Scenario":http://baselinescenario.com/, which has, "in the words of Paul Krugman":http://krugman.blogs.nytimes.com/2009/02/16/household-balance-sheets/, "become a must read."
Since Johnson comes to Boston regularly, where I'm located and a camera is within easy reach, we've decided to check in with him regularly on key questions of MINE...and yours as well. One last reason to make him a video regular here: He's about as charming and clear an economic talker as I've ever encountered. And I've encountered more than a few economic talkers in the past 32 years.
In the clip below, I ask Johnson for his thoughts on whether the proposed bank regulations will work and if he believes that American 'oligarchs' still run Wall Street. A few annotations: This interview took place a few weeks ago. Jamie Dimon is the CEO of JPMorgan Chase.
