Believing in Treatments That Don’t Work New York Times
Be Nice Baseline Scenario. So NC isn’t the only site witnessing a recent fall in civility.
The Age of Balance Sheet Recessions: What Post-2008 U.S., Europe and China Can Learn from Japan 1990-2005 Richard Koo (hat tip reader Bjornar). Be sure to take note of Exhibit 12. Yikes.
Johnson and Kwak vs. Bernanke Tim Duy
Fannie, Freddie Quietly Lift Moratorium on Foreclosures Washington Post
A Question for the Economists Harvey Mansfield, The Weekly Standard. Yes, this is the same Harvey Mansfield who wrote a somewhat deranged book on manliness. But Mansfield is a professor of government, and this article discusses topics about which he actually knows something.
Why Creditors Should Suffer, Too Tyler Cowen, New York Times
It Really Is All Greenspan’s Fault Susan Lee, Forbes
Even Rick Wagoner’s Firing Got Lousy Mileage Frank Rich, New York Times. A must read.
Antidote du jour: