Well the campaign for bank nationalization seems to have hit a wall. The current and best rumors in Washington now are that the Obama Administration favors setting up a ‘Bad Bank” to deal with our banking woes. My quick response: bad idea! A bad bank is an organization set up for the specific purpose of […]

My earlier post on the fractious nature of professional economics turns out to have been an understatement. It’s a lot worse than I thought. There are groups out there who positively hate each other. An excellent statement of the state of play is here[warning: this is from an insider within the profession, so it has […]