Assorted Links (10/5/2009)

Here’s a list of articles that I have been reading today (organized by topic):

Finance

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

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

Wall Street Journal: “We are now even further from eliminating Tehran’s threat.”

Wall Street Journal: “Chávez imports Ahmadinejad’s ideology to Latin America.”

Health Care Reform

Wall Street Journal: “Though we weren’t invited to the White House, here are better ideas to increase coverage for the uninsured.”

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