Deflation virus is moving the policy test beyond the 1930s extremes Ambrose Evans-Pritchard, Telegraph
US Regime Uncertainly, 1937 and 2008 Mies Economics Blog. Overeggs the pudding, but an interesting notion nevertheless.
Detroit Bailout Talks Slow Over ‘Czar’ Role Wall Street Journal. Funny, no one worried about such niceties for banks.
Countrywide Class Action: What’s a Good Sale? Chris Whalen, The Big Picture
Big Deal: The Government’s Response to the Financial Crisis Steven Davidoff, David Zaring
What Causes Gluts and How Can They be Cured? Mark Thoma
US Treasuries and our Horribly Distorted International Currency Exchange Mechanism Jesse’s Cafe Americain
Some unpleasant Keynesian arithmetic Dank Rodrik
Antidote du jour: