Ben and Me

Arnold Kling

By Arnold Kling, Sep 26 2008

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.

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...

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...

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.

Ben and Me

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Why Did Financial Markets Like Nixon's Price Contr...

Nailing Down a Kessler Bet

Ben and Me