Types of Government Intervention into Private Markets

There are three types of government intervention in private markets: 1) to make sure the market works correctly (ie weights and measures rules: 2) to fix market failures after they have occurred; 3) to address injustices or inequalities of perfectly functioning markets.
Economist's View: Increased Calls for Government Intervention into Private Markets

God, Children and the United States of America

Delong on Krugman on why we might avoid a recession.

Not in a nutshell

A detailed explanation of the subprime crisis by the New York Fed.

subprime.pdf (application/pdf Object)

The Credit Crunch, as told by Dr. Suess

The Big Picture | The Credit Crunch, as told by Dr. Suess

Math Magic

Math Magic - What Jamie Found

'nough said.

The World is not Flat

Charles Kenny looks at the differences between states and shows there is still a lot left to explain why development happens at different paces in different places. Buffalo County South Dakota has a per capita income of $5,213 and Marin County California has one of $44,962.

A One-Size-Fits-All Solution - New York Times

"A clean way to regulate mortgages going forward: the "opt out" solution for simple mortgages: A One-Size-Fits-All Solution - New York Times

Exporting Pollution

One of the reason Europe and the US can feel good about reduced carbon usage is that they have exported polluting industries to China. It is hardly fair that Europe now turns around and blames China for increased use of coal.


Stocking coal | Free exchange | Economist.com

The best excuse ever written

The root of the crisis.. was the fall of the Berlin Wall....

OpinionJournal - Featured Article

Greg Mankiw's Blog: How do the right and left differ?

Economics is not a hard science. Why do rational people look at the same facts in different ways? Economics cannot provide one answer. There are important normative questions.


Greg Mankiw's Blog: How do the right and left differ?

Mark Thoma responds.

Classics

A classic

blog.pmarca.com: Best software error message EVER

What is a CDO?

Business Interactive Features - Diagrams - Illustrations - Portfolio.com

naked capitalism: Why Do Subprime Investors Wind Up in Foreclosure?

naked capitalism: Why Do Subprime Investors Wind Up in Foreclosure?

The 13 Basis Point Portfolio - BLOG IU.COM

The asset allocation might not be right. But all any individual needs are 6 securities in their portfolio.

The 13 Basis Point Portfolio - BLOG IU.COM

Greg Mankiw's Blog: Principles of Economics, Rap Version

Greg Mankiw's Blog: Principles of Economics, Rap Version

Calculated Risk: Homeowners With Negative Equity

How house price declines will impact the amount of households with negative equity in their homes. A 20% decline could bring the number to 10 million.

Calculated Risk: Homeowners With Negative Equity