Caught My Eye
Esther (genius grant) Duflo and Abhijit Banerjee are interviewed. They are known for doing experimental tests of anti-poverty tactics.
In one project we gave away a kilo of lentils for each immunization given to a child, and it had a huge impact on getting parents to bring their children in for immunizations.
Pointer from Tyler Cowen.
Next, two pointers from Mark Thoma. Ezra Klein asks Representative Barney Frank what is most important about financial regulation. The Congressman says, “Limiting securitization.”
Next week, Ezra interviews Timothy Geithner, who will tell us of the importance of sending tax cheats to prison.
Economics of Contempt says that AIG’s position in the credit default swap market was not so opaque. I think this is an important point. Just because most well-informed people outside of the finance community had never heard of CDS’s, CDO’s, and SIV’s before last summer, it’s easy to overstate the lack of transparency.