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Who's Curious About the Financial Crisis?
So as not to waste my expensive schooling, I still keep up with economics as a hobby. I don’t expect other people to generally share this interest, but it occurred to me that the current financial...
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Financial Crisis Act I: Government Meddling
Let me start by saying that the financial crisis is a very complex situation. I read several economics blogs every day and quite a few academic papers every month. My semi-professional opinion is...
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Financial Crisis Act II: Wall Street Sharks
When the bailout passed, I first thought this post was moot. But then I reconsidered. There’s still plenty of time to affect the implementation and several lessons to be learned. Also, when I’m...
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Financial Crisis Act III: The Flailing Response
As we saw in Act I and Act II, the current financial crisis was enabled by government interference in the housing and mortgage markets, then initiated by Wall Street’s willful blindness to systematic...
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I May Be a Credit Crunch "Denier" Too
As most of you already know, I am an anthropogenic global warming skeptic, aka “denier”. Well, a new paper by the Federal Reserve Bank of Minneapolis has turned me into a credit crunch skeptic too....
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Must Read Paper On Overconfidence
Via the indispensable Tyler Cowen, a new paper from Johnson and Fowler explores whether overconfidence is, in fact, adaptive. They show that it it is under some very reasonable assumptions. They model...
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