Good Question Arnold Kling By Arnold Kling, Sep 23 2008 SHARE POST: Anil Kashyap and Jeremy Stein ask whether the purpose of the Paulson plan is to buy good assets cheap or buy bad assets dear. When a strong leader offers a solution to a crisis, you’re not supposed to ask those kinds of questions.
Sep 23 2008 Finance: stocks, options, etc. Morning Commentary Arnold Kling The Wall Street Journal has the prepared testimony of Ben Bernanke and Henry Paulson. Neither one spells out exactly what sorts of financial institutions are in difficulty and how that difficulty translates into problems elsewhere in the economy. Neither prepared text answers the basic question of whether the goal is... 4 Read More
Sep 23 2008 Books: Reviews and Suggested Readings Hunger in Maus Bryan Caplan I recently re-read both volumes of Art Spiegelman's Maus. If you've never heard of it, it's an autobiographical graphic novel where the author gets his father to tell the story of how he survived the Holocaust. The Jews are mice, the Germans are cats, but the rest is painfully real. Maus opens with one of the author... 5 Read More
Sep 23 2008 Finance: stocks, options, etc. Good Question Arnold Kling Anil Kashyap and Jeremy Stein ask whether the purpose of the Paulson plan is to buy good assets cheap or buy bad assets dear. When a strong leader offers a solution to a crisis, you're not supposed to ask those kinds of questions. 6 Read More