Flowers Losing Smell Live Science
Central bank independence James Hamilton, Econbrowser. Hamilton argues that Congress, not the Fed, should determine how much fiscal risk the central bank assumes (I for one am still gobsmacked that the Joint Economic Committee hearings on the Bear bailout failed to send a shot across the Fed’s bow).
“Do People Care about Inequality?” Mark Thoma
Apocalypse Soon Garden Rant (hat tip reader Peter). Summarizes the main points of an article at New Scientist on the collapse of civilization and how ours will die of complexity. Discusses subprime and mutilating sheep.
Ben Stein Watch: April 13, 2008 Felix Salmon
Mortgage-backed securities could help house prices and pension funds Willem Buiter, Telegraph
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