Here’s a list of articles that I have been reading today (organized by topic):
Finance
- Constitutional Financial Innovation, by Mike Konczal
Mike Konczal writes, “The best, and I mean the best, put option contract for consumers ever conceived, is written right into The Constitution”. This quote, of course, is in reference to bankruptcy. I particularly appreciate how Mr. Konczal photoshopped the famous Black-Scholes partial differential equation (which provides the math and economics framework for pricing options) into the text of the Constitution:
Financial Crisis
- Not Big Enough to be Bailed Out, by Jeffrey Miron
Dr. Miron notes that “Letting small banks fail while protecting big banks means, of course, that the big banks face less competition and get still bigger over time, so they are even more likely in future to be regarded as Too Big to Fail.”
Foreign Policy
- Iran’s Big Victory in Geneva, by John Bolton
Wall Street Journal: “We are now even further from eliminating Tehran’s threat.”
- Revolutionary Anti-Semitism, by Mary O’Grady
Wall Street Journal: “Chávez imports Ahmadinejad’s ideology to Latin America.”
Health Care Reform
- What We Would Have Told Obama, by Donald Palmisano, William Plested, and Daniel Johnson
Wall Street Journal: “Though we weren’t invited to the White House, here are better ideas to increase coverage for the uninsured.”