You know, I was thinking "what could the banking system use just now?" and, I guess because I am a labor economist, I did not come up with any really convincing answers.
Barack Obama, on the other hand, who is not an economist of any sort, thinks that the magic ingredient is yet more moral hazard in the form of a higher FDIC guarantee.
Sigh.
Who was my favorite student this term?
7 years ago
