Banana Republic Economics, Again

Arnold Kling

By Arnold Kling, Mar 5 2009

Read the latest from Simon Johnson. Read it now.

In yesterday's Wall Street Journal, Bob Barro points out that the stock market crash could portend another depression. I had never been able to answer students who asked me what distinguishes a depression from a recession except that it's more serious. Barro defines a depression as a drop in real GDP or consumption p...

Mar 5 2009

Economics and Culture

The Art of Equanimity

Bryan Caplan

Alan Moore notoriously refuses to watch the film adaptations of his graphic novels. His main rationale:If a thing works well in one medium, in the medium that it has been designed to work in, then the only possible point for wanting to realize it on "multiple platforms," as they say these days, is to make a lot o...

Mar 5 2009

Finance: stocks, options, etc.

Banana Republic Economics, Again

Arnold Kling

Read the latest from Simon Johnson. Read it now.

Banana Republic Economics, Again

Arnold Kling

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Banana Republic Economics, Again

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