The deal between Chrysler and Fiat announced today is truly remarkable for one thing: no cash changed hands. Here’s the news from MarketWatch.com: Fiat gets 35% stake in Chrysler for no cash Isn’t this odd? Here we have Chrysler a cash strapped and near bankrupt company making a significant business deal in which its owners […]

This blog was brought to my attention by Paul Krugman in his own blog: FT.com | Willem Buiter’s Maverecon | Time to take the banks into full public ownership There is no need for me to add much other than to say that the argument makes sense and the number of voices in the nationalization […]

Floyd Norris in today’s New York Times says exactly the wrong thing in response to the banking crisis. Here is his comment: Should We Force Banks to Lend? – Floyd Norris Blog – Norris is an unapologetic free market economist and so it is easy for him to make wrong headed comments like this. His […]