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Saved by 1 people (1 private), first by anonymouse user on 2008-02-18
- Brianddrpm on 2008-02-18 - Tags economicpolicy , economics
Public Sticky notes
Today, Federal Reserve Chairman Ben Bernanke admits that nobody, including him, is able to guess how near to bankruptcy the biggest banks in New York, London, Frankfort and Tokyo might be as a result of the real estate crisis.
Highlighted by brianddrpm
on 2008-02-18 by brianddrpm
This is an old article I found again making a then and now comparison. This article was criticized by both Tyler Cowen and Alex Tabarrok of Marginal Revolution. The article points to some fundamental structural problems with our economic policies and the fact the banks have now gone bankrupt does not mean Samulson is necessarily right but
it does give one something to think about.
Public Comment