Economic Darwinism

Modern-Day American Hero: Yves Smith

Posted in Geithner, Hero, Obama, Yves Smith by Economic Darwinism on March 22, 2009

How can you recognize a hero when you see one? Do they glow from within on the battlefield? Do rays of sunlight shine on them from every angle as they stand on the hilltop? Sometimes heros are not obviously recognized as heros until after the smoke has settled and the history books are being written. When the history books are written about this chapter in American history, many of the heros will turn out to be bloggers. The late Tanta of Calculated Risk was surely a hero. At this moment in time, the person for whom the clouds have parted and the sun is shining would be Yves Smith of Naked Capitalism.

Her sharp, crisp, no-nonsense analysis is inspiring. President Obama would do well by paying close attention to what she has to say, but sadly, the chance of that happening is not looking very good. Despite operating a White House Blog and being more in touch with technology than any prior president, his comments recently in The New York Times display a somewhat surprising closed mindedness:

Part of the reason we don’t spend a lot of time looking at blogs is because if you haven’t looked at it very carefully, then you may be under the impression that somehow there’s a clean answer one way or another — well, you just nationalize all the banks, or you just leave them alone and they’ll be fine.

I beg to differ. Bloggers such as Yves Smith, (Tanta), Barry Ritholz, Brad Setser, among others spend(spent) a lot of time thinking about the issues that we face today. To ignore them is to ignore some of the finest, not to mention crucial, analysis available.

Lately Yves Smith has been on fire. I hope that Timothy Geithner reads Naked Capitalism

Not only is Yves spot on, she also does a fine job with guest posts. Here are some recent gems:

We need more heros like Yves. I learned long ago that I am no hero, but I will do the best I can to highlight those that should be recognized sooner rather than later for what they are: modern-day American heros.

Let’s roll.

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