Archive for November 12th, 2008

Government Encourages Greater Moral Hazard by Banks »

I received a notice today from the commercial bank with which I do business, as follows: You may have heard recently that the U.S. Congress approved an increase in FDIC coverage to up to $250,000 per depositor, per institution until December 31, 2009. It is possible to qualify for more than $250,000 in FDIC coverage at...
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An Answer to Critics: “Krugman’s Prescription for Disaster” »

Feel free to join the dialogue over at the blog of Historians Against the War.

Stabilize This, Stabilize That »

Consider the word stabilize. It has a comforting ring, does it not? It calls up as a mental background, however, images of something that is currently unstable. Airplanes may become unstable shortly before they crash; teenage boys are said to have become unstable shortly before they gunned down their teacher and fellow students; unstable economies give rise to...
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Another Economist Gets the Larry Summers Treatment »

This time it’s our old friend Walter Block who, during a Q&A session after a lecture at Loyola College in Baltimore, suggested that part of the black-white and male-female wage gaps might be explained by differences in productivity. The reaction from the usual campus quarters was swift and sure, culminating in a public statement...
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