From Tyler Cowen at Marginalrevolution.com:
“Gary Gorton has a new and excellent paper… called “Questions and Answers About the Financial Crisis.”…Gorton’s short paper is one of the best essays on the crisis so far.
For what it’s worth, I heartily agree with Tyler Cowen’s assessment of Gorton’s financial crisis FAQ…
Here’s a list of articles that I have been reading today (organized by topic): Economics and the Financial Crisis
CBO Ignores Incentives, by Casey Mulligan
“… much of the stimulus spending (and many of the so-called tax cuts) goes only to persons and businesses in financial hardship, and thereby serves as a tax on success. In [...]
Professors Veronesi and Zingales at the University of Chicago Booth School of Business have coauthored a new research paper entitled “Paulson’s Gift” which empirically calculates the costs and benefits of the US government’s October 2008 bailout of the financial sector of the US economy. Here’s the abstract from their paper:
“We calculate the costs and benefits [...]
Here’s a list of articles that I have been reading today (organized by topic): Economics Peter Schiff provides some fascinating commentary on the American Samoan economy and the assortment of unintended consequences associated with the imposition of the federal minimum wage by the US Congress (recorded January 17, 2010):
Financial Crisis and Public Policy
The President’s Bank Reforms [...]
Today’s Wall Street Journal cites a forthcoming (February 2, 2010) book entitled “The Quants“, written by Scott Patterson, who also writes for the Journal. An excerpt from this book appears on WSJ.com today under the title “The Minds Behind the Meltdown”, with the (provocative and candidly, rather hyperbolic) subtitle: “How a swashbuckling breed of mathematicians and computer [...]
Here’s a list of articles that I have been reading today (organized by topic): Finance
Restoring Faith in Financial Markets, by John C. Bogle
“It is time institutional investors exerted control over publicly held companies.”
Financial Crisis and Public Policy
Obama’s Double-Dealing Bank Tax, by Holman Jenkins
“…it’s a formula for turning the banks into what Fannie and Freddie have [...]
Here’s a list of articles that I have been reading today (organized by topic): Finance
Tiger Woods and Market-Moving Events, by Carl Bialik
Financial Crisis and Public Policy
The Fed and the Crisis: A Reply to Ben Bernanke, by John Taylor
“In his recent speech, the Fed chairman denied that too-low interest rates were responsible. Does this mean we’re [...]
Here’s a list of articles that I have been reading today (organized by topic): Economics
Secrets of the Economist’s Trade: First, Purchase a Piggy Bank, by Justin Lahart
“Economists are often cheapskates.”
The Economy
Uncertainty and the Slow Recovery, by Gary Becker, Stephen Davis, and Kevin Murphy
“A recession is a terrible time to make major changes in the economic [...]
Here’s a list of articles that I have been reading today (organized by topic): Financial Crisis
The Cloning of Fannie and Freddie, by Jonathan Koppell
“It’s safer to break up the biggest banks than have the feds guarantee them against failure.”
The Price for Fannie and Freddie Keeps Going Up, by Peter Wallison
“Barney Frank’s decision to ‘roll the [...]
Here’s a list of articles that I have been reading today (organized by topic): Financial Crisis and Public Policy
Wall Street Reform Hits Main Street, by Gregory Zerzan
“A bill in the House threatens to impose a massive tax on America’s most successful companies by subjecting them to bank-style regulation.”
Do We Really Need a Systemic Regulator?, by [...]