Thursday, October 2, 2008

Some recommended articles, not just about the financial crisis.

I'm not very familiar with Capital Chronicle, but they have an interesting article of some compiled for and against arguments of the original Paulson Plan. Though it failed, I think it's important to know why everyone wasn't gung ho about it.

While it didn't make huge news, the Fed pumped $630 billion dollars into the economy. Let's hope that has a positive effect and that it doesn't end up hurting the Fed.

A physicist makes the case for new models of economics, such as computer modeling as opposed to mathematical modeling.

You think you pay a lot in taxes? In the United States, taxes rates used to get above 90% for a pretty long time. Those weren't necessarily bad times, either.

Political Calculations points out that stocks are still doing okay--there hasn't been a collapse. We're not in panic mode, despite some pretty strong setbacks.

A look at price increases in New York City over the past 40 years. It seems quite interesting, at least. Prices for food went up less than I expected.

Professor Hal Varian makes the case that piracy doesn't kill an economy, it just requires different business models. Rather, he made the case four years ago but more people still need to know.

Dean Baker points out that the stock market is not the economy. A lot of people have been freaking out about stocks lately.

UPDATE: I have a bunch of these things, so there'll probably be more updates to this thread.

Steve Sailer tells why minority lending didn't contribute to this mess (I've heard people say such government regulations and pressure are the original source). He also provides some interesting background information.

And, another compilation of blurbs from pundits.

At Marginal Revolution, they have a lot of interesting commentary. These from Tyler Cowen: Best and Worse Case Scenarios, his summary on the crisis, he points out that the FDIC coming into the picture is a brilliant idea (one that should've been thought of earlier, maybe), and he's my original source of the minority lending issue. Oh, and he also points to a new blog by Chicago economist Casey Mulligan, with some interesting but wordy commentary. He could use some better formatting too.

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