Tyler Cowen Explains Systemic Risk Arnold Kling By Arnold Kling, Mar 31 2009 SHARE POST: in one sentence. If your banks are less risky, often something else is more risky, and vice versa.
Mar 31 2009 Book Club EconLog Book Club: For a New Liberty, Chapter 10 Bryan Caplan SummaryIn this six-page chapter, Rothbard makes a sweeping economic case against "government in business." He begins by noting the power of status quo bias:People tend to fall into habits and into unquestioned ruts, especially in the field of government. On the market, in society in general, we expect and accommo... 17 Read More
Mar 31 2009 Books: Reviews and Suggested Readings Libertarians and Jonah Goldberg Arnold Kling Jonah argues that we have become belated converts to the Liberal Fascism thesis. And Arnold Kling who said my book was in fact written by three people -- "Goldberg the revisionist historian, Goldberg the outraged conservative child, and Goldberg the troll" [I can't get a direct link but it's findable over at TCS] -- i... 24 Read More
Mar 31 2009 Finance: stocks, options, etc. Tyler Cowen Explains Systemic Risk Arnold Kling in one sentence. If your banks are less risky, often something else is more risky, and vice versa. 2 Read More