Saturday, March 06, 2010

 
The Repo Man

Via John Cassidy, "Memo to Ben Bernanke, Alan Greenspan, Ric Mishkin and all other economists who still argue it is impossible to discern a speculative bubble while it is inflating. (This chart is from p. 27 of this year’s Economic Report of the President, which the White House Council of Economic Advisers released yesterday.)



Joseph Stiglitz in San Francisco