YoKenny Posted September 21, 2008 Share Posted September 21, 2008 Freakonomics Diamond and Kashyap on the Recent Financial Upheavals By Steven D. Levitt As an economist, I am supposed to have something intelligent to say about the current financial crisis. To be honest, however, I haven?t got the foggiest idea what this all means. So I did what I always do when something related to banking arises: I knocked on the doors of my colleagues Doug Diamond and Anil Kashyap, and asked them for the answers. What they told me was so interesting and insightful that I begged them to write their explanations down for a broader audience. They were kind enough to take the time to do so. In what follows, they discuss what has happened in the financial sector in the last few days, why it happened, and what it means for everyday people. http://freakonomics.blogs.nytimes.com/2008...ncial-upheavals "Education is what remains after one has forgotten everything he learned in school." - Albert Einstein IE7Pro user Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now