All Posts Tagged With: "New Century Financial"
Subprime Monetary Policy
In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]
1Nov2007 | Gerald P. O'Driscoll Jr. | 1 comment | Continued-
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Profits, Losses, and Structural Change
A recurring economic theme of President Obama’s election campaign and presidency has been that previous... Read More
Underconsumption Is Not the Problem
Paul Krugman recently declared that our real economics problem is this: “What’s limiting employment... Read More
The Fruits of Imperfection
Beneath the nationalism and medal counts that seemed to dominate the Winter Olympic Games just ended... Read More
Jefferson’s Economist
In 1817 the Frenchman the Count Destutt de Tracy (1754-1836) published his Treatise on the Will and... Read More
NFL Overtime and Economic Policy
People who “think like economists” recognize that we have to trace the unintended consequences of... Read More
