Banking's Past, Present, and Future
Writing in today’s Financial Times, Glenn Hubbard argues–correctly–that the debate over the debt ceiling in Washington is misplaced. Rather than focus on the debt ceiling, he suggests that Congress and the Administration ought to consider the deficit. Or, as he puts it: “My wife and I don’t vote on whether we will pay our bills. … Read more
John Taylor’s op-ed in today’s Wall Street Journal bashes the White House budget proposals of February 14 and April 13 and lauds the House Republican budget proposal of April 5. I understand–or am coming to understand–that when writing for a non-specialist audience, a certain amount of simplification is necessary: I’m guessing that the Journal has … Read more
Although movies dealing with themes of economics and high finance are common, it is rare to see films with economists cast in starring roles. This past week I managed to see two. In Freakonomics: The Movie, the economist is portrayed as hero. Based on the book of the same name by economist Steven Levitt and … Read more