Ben and Me Arnold Kling By Arnold Kling, Sep 26 2008 SHARE POST: Ben Bernanke and I went to the same graduate school. We’re on opposite sides of the bailout issue. My joke is that one of us is on crack, and it’s probably me. My more serious answer is in this Cato podcast.
Sep 26 2008 Finance: stocks, options, etc. Why Did Financial Markets Like Nixon's Price Contr... Bryan Caplan It's easy to explain why financial markets like the bail-out - it's a big transfer from tax-payers to investors. But Arnold points out that the market liked Nixon's price controls, too: "In 1971, the market gave a huge thumbs-up to wage and price controls, which turned out to have damaging economic effects that persis... 13 Read More
Sep 26 2008 Economic Methods Nailing Down a Kessler Bet Bryan Caplan Several readers suggest that I bet Andy Kessler about the U.S. government turning a profit on its bail-out. Here's Kessler's claim:My calculations, which assume 50% impairment on subprime loans, suggest it is possible, all in, for this portfolio to generate between $1 trillion and $2.2 trillion -- the greatest trade e... 4 Read More
Sep 26 2008 Finance: stocks, options, etc. Ben and Me Arnold Kling Ben Bernanke and I went to the same graduate school. We're on opposite sides of the bailout issue. My joke is that one of us is on crack, and it's probably me. My more serious answer is in this Cato podcast. 1 Read More