Category: economics

  • The Dark Bailout

    Via Greg Mankiw:

  • Our Own Advice

    Says Robert Shimer via Greg Mankiw’s blog: The U.S. has long been a beacon of free markets. When economic conditions turn sour in Argentina or Indonesia, we give very clear instructions on what to do: balance the budget, cut government employment, maintain free trade and the rule of law, and do not prop up failing […]

  • When Vader Bails People Out…

    Raghuram G. Rajan, former chief economist at the International Monetary Fund said: Where are the titans of the financial sector at this point? Why aren’t they coming together in a room at the New York Fed and saying, “This is a severe crisis for the financial system and we are going to put up some […]