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Blog Entries by Simon Johnson from 04/2012

Volcker Rule Would Cause Irreparable Damage to the Muppets -- and Much More Broadly

| Publication 04.01.2012
Suivre: April Fools, Goldman Sachs, April Fools Day, Wall Street, Satire, Financial Reform, Paul Volcker, Volcker Rule, Muppets, Financial Regulation, L'actualité

If the Volcker Rule is implemented as planned, that would have a major negative effect on the bond yields paid by the Muppets and other leading providers of children's entertainment. No one else will ever trade these bonds to any significant degree.

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Jim Yong Kim for the World Bank

| Publication 04.15.2012
Suivre: Dartmouth Jim Kim, Obama Kim World Bank, Jim Yong Kim World Bank, World Bank Kim, Obama Jim Yong Kim, Jim Yong Kim, Jim Kim, L'actualité

The reaction to Jim Yong Kim's nomination from development economists and people experienced in the business of lending to poor countries has been overwhelmingly negative. They are making a big mistake. Mr. Kim would make an excellent World Bank president.

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Fiscal Affairs: The Buffett Rule Is a Good Idea

| Publication 04.16.2012
Suivre: Buffet Tax, Barack Obama Taxes, Obama Buffet Tax, Obama Tax Plan, Buffet Rule, Paul Ryan Budget Proposal, Paul Ryan Budget, L'actualité

The Buffett Rule is a tiny tax, of little consequence to the people who would pay it or to the country as a whole. The idea that $30 billion of additional revenue would tip the balance in any way is simply ludicrous. But this is precisely what gives the Buffett Rule its powerful symbolism.

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