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October 2, 2013 | Economics One

A Candid Exchange of Different Views of the Crisis

Yesterday the Hoover Institution and the Brookings Institution held an unusual joint conference on “The U.S. Financial System – Five Years after the Crisis.”   Roughly half the participants were at...
September 29, 2013 | Becker-Posner Blog

Can Government Programs be Cut Back?

September 27, 2013 | Economics One

The Raisin Reserve: On the Way Out?

For many years I have used the California raisin market as an illustration of the effects of government intervention, even dressing up as a California raisin and dancing, as in the famous advertise...
September 23, 2013 | Grumpy Economist

Asset Pricing MOOC Open

September 18, 2013 | Economics One

Debt Explosion Unchanged: Looks the Same as Five Years Ago

The CBO’s 2013 Long-Term Budget Outlook released this week made a lot of news because it appeared to paint a new and surprisingly bleak budget picture. But in reality, the budget outlook is little ...
September 18, 2013 | Cafe Hayek

Ritholtz and the Big Lie

Barry Ritholtz accuses Mayor Bloomberg of helping to spread the Big Lie about the financial crisis. The Big Lie made a surprise appearance Tuesday when New York Mayor Michael Bloomberg, responding to a question aboutOccupy Wall Street, stunned observers by
September 17, 2013 | Cafe Hayek

The Great Reset?

Tyler Cowen points out that the median household is not doing very well lately, noting that real median household income was 8.3% lower in 2012 than it was in 2007. Pretty depressing. The headline of his post is The Great
September 16, 2013 | Economics One

With Better Policy, the Recovery Could Have Been V-Shaped

Some are still arguing that the prolonged slow recovery from the deep recession of 2007-09 was to be expected. Fast rebounds, or V-shaped recoveries, are a thing of the past, they argue, citing the...
September 16, 2013 | Becker-Posner Blog

Capitalism’s Return from the Financial Crisis