Economics and Investing:
John E. flagged this bit of statist arrogance: US Treasury Secretary Tim Geitner – “Taxes on ‘Small Business’ Must Rise So Government Doesn’t Shrink” John R. kindly sent us a whole raft of economic news items and some excellent commentary: Derivatives Cloud the Possible Fallout From a Greek Default Inevitable Catastrophe: The Fruits of Moral Hazard on a Global Scale (Charles Hugh Smith) Chance Didn’t Create the Current Economic Crisis (Bob Chapman) Bernanke Lies Half Life Reduced To Under One Day As Aflac Scrambling To Shore Up Liquidity On European Exposure Mike Whitney: QE 3? — The Perils of Inflation …