Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

Activity

You added a note
7 years, 7 months ago

the EU is still blaming sovereigns

[...] This is ordoliberalism gone mad, as well as the logic behind the euro [...] those rules only ever apply to sovereigns. [...] there was never much attention paid to the possibility that private actors, such as banks, would behave badly. Yet this is exactly what happened, and the EU is still bl…

—p.92 Austerity: The History of a Dangerous Idea Europe--Too Big to Bail (51) by Mark Blyth
You added a note
7 years, 7 months ago

the contagion effect of asset dumping

[...] the dumping of other (non-Greek) assets to cover their (Greek) losses, which then lowers the value of the unrelated assets, eventually leading to a fire sale of good assets as a whole [...]

—p.64 Europe--Too Big to Bail (51) by Mark Blyth
You added a note
7 years, 7 months ago

Keynesianism vs neoliberalism

[...] who should get, for example, a tax cut? The Keynesian wants to give it to the poor so they will consume now to boost demand and consumption. Meanwhile, the neoliberal wants to give it to the rich to invest wisely. [...]

—p.39 America: Too Big to Fail? (21) by Mark Blyth
You added a note
7 years, 7 months ago

the consequences of disintermediation

[...] as financial markets became more deregulated in the 1980s, large corporations began to use their own cash reserves, lending them to one another directly--they disintermediated--bypassing banks and squeezing bank profits. [...]

—p.24 America: Too Big to Fail? (21) by Mark Blyth
You added a note
7 years, 7 months ago

the paradox of thrift

[...] we cannot all cut our way to growth at the same time. For someone to benefit from a reduction in wages (becoming more cost-competitive), there must be someone else who is willing to spend money on what that person produces. John Maynard Keynes rightly referred to this as "the paradox of thrif…

—p.8 A Primer on Austerity, Debt, and Morality Plays (1) by Mark Blyth