Irony in the News Arnold Kling By Arnold Kling, Oct 21 2009 SHARE POST: Car Czar says GM mismanaged. Watchdo excoriates execution of TARP. Of course, in the case of GM, the CEO was fired.
Oct 22 2009 Family Economics Family, Transfers, Pride, and Shame Bryan Caplan Contrary to popular belief, the elderly financially support their kids, rather than the other way around. This was true in hunter-gatherer and peasant societies. A neat piece in the JEP shows that it was also true in the U.S. in the 1980s. Using the Survey of Consumer Finances for 1983-5, the authors ... 15 Read More
Oct 21 2009 Finance: stocks, options, etc. Turning Back the Financial Clock Arnold Kling Yves Smith writes, Now you could in theory go back to having much more on balance sheet intermediation (finance speak for "dial the clock back 35 years and have banks keep pretty much all their loans"). Conceptually, that is a tidy solution, but it has a massive flaw: it would take a simply enormous amount of equity t... 3 Read More
Oct 21 2009 Political Economy Irony in the News Arnold Kling Car Czar says GM mismanaged. Watchdo excoriates execution of TARP. Of course, in the case of GM, the CEO was fired. 6 Read More