First, an important aside. Friend Joe Knippenberg has penned a piece about Ancient John McCain and Machiavellian Barack Obama. Give it a read. It is both short and sweet. Kinda like Joe himself.
To finance. Prof. Blanchard's interlocutor has one of the most sober pieces on the financial mess I have read. Alas, against my wishes and those of emailer Casey, the Federal Reserve seems poised to lower interest rates, not raise them. Ugh!
The most sober pieces on the crises are Megan McArdle's and, as usual, Robert Samuelson. There was also a fine piece yesterday in the Wall Street Journal arguing that the problem is not too much or too little regulation, but the wrong kind. Alas, I cannot find the piece online now. But McArdle makes a similar argument. See also Todd Zywicki asking an uncomfortable question: Where is Congress in all of this and does anyone care?
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