Category: "the crisis"
Rant on the Village Voice "What Cooked the World's Economy?"
March 9th, 2009It's mis-stating the situation to blame free markets on the recent financial crisis when a free market would not protect fraudsters and financial idiots from their own risky behavior. more »
the crisis on econtalk
February 9th, 2009The discussion expands on a paper critiquing the economics profession relative to the belief that monetary policy had "solved" the problem of the business cycle. Later parts of the discussion involves assessments of risk, false presumptions that one can… more »
credit default swaps on econtalk
November 10th, 2008A comprehendible discussion of credit default swaps and related matters associated with the problems in financial markets. Kling is formerly with the Fed and Fredie Mac
Credit Default Swaps, Counterparty Risk, and the Political Economy of Financial Re… more »
gold on econtalk
June 2nd, 2008These two episodes discuss gold standard alternatives to fiat money as currently handled by the Federal Reserve, the context of fractional reserve banking, Fed interest rate actions effect on the money supply, and related topics. The discussion of the B… more »
