Kling on Financial Markets Arnold Kling By Arnold Kling, Nov 10 2008 SHARE POST: Russ Roberts and I talk. We start with credit default swaps, and that may be a bit hard to follow. Then we get into broader issues of what I call the housing industrial policy and the purpose of the various bailouts, starting back with Bear Stearns.
Nov 10 2008 Public Choice Theory Dean Baker David Henderson One of the more interesting economist bloggers on the left side of the spectrum is Dean Baker. He had an interesting post the other day. (Hat tip to Sheldon Richman.) Baker wrote: The [Washington] Post tells us how the people who designed the bank bailout were committed to the free market. Interestingly, the key de... 2 Read More
Nov 10 2008 Political Economy The State of Conservatism Arnold Kling P. J. O.Rourke writes, The free market is just a measurement, a device to tell us what people are willing to pay for any given thing at any given moment. The free market is a bathroom scale. You may hate what you see when you step on the scale. "Jeeze, 230 pounds!" But you can't pass a law making yourself weigh 185. L... 10 Read More
Nov 10 2008 Finance: stocks, options, etc. Kling on Financial Markets Arnold Kling Russ Roberts and I talk. We start with credit default swaps, and that may be a bit hard to follow. Then we get into broader issues of what I call the housing industrial policy and the purpose of the various bailouts, starting back with Bear Stearns. 2 Read More