Category Archives: subprime crisis

One regulation too few

Read my latest Oxford University Press blog post on the amendment of section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010.

Posted in financial regulation, subprime crisis | Tagged , , , , , , , | Leave a comment

A 22nd Amendment for the Fed?

See my op-ed on limiting the term of the Fed chair, syndicated by the McClatchy-Tribune News Service.

Posted in monetary policy, subprime crisis, WRONG | Tagged , , , , , , , , , | Leave a comment

Bernanke’s legacy

Barack Obama recently indicated that he is unlikely to reappoint Ben Bernanke as chairman of the Federal Reserve when his term expires next January. Understandably, the media is focused on who might succeed Bernanke to lead the US central bank. … Continue reading

Posted in Financial Crisis, subprime crisis, Uncategorized | Tagged , , , | Leave a comment

A Blatant Misuse of History

Writing nearly 40 years ago, historian Ernest R. May warned of the dangers of misusing history for policy purposes.  May was primarily concerned that policy makers drew the wrong lessons from the past. In their opinion piece in yesterday’s Wall … Continue reading

Posted in Financial Crisis, government budget, monetary policy, subprime crisis | Tagged , , , , , , , , | 5 Comments

Enforce the regulations that we already have

Republicans and Democrats are arguing over how many regulations we should add—or remove—from the financial services industry.  Before we think about altering the regulations, we should think about enforcing the ones we currently have. Ever since the sub-prime meltdown erupted … Continue reading

Posted in financial regulation, subprime crisis | Tagged , , , | Leave a comment

Alan Meltzer’s straw “Keynesian”

Remember when “liberal” became the insult of choice among Republicans? Apparently, “Keynesian” has now taken on that status for Republican economists.  Never mind that Keynesian is ill-defined (old Keynesian?  new Keynesian?  the Keynesian part of the neoclassical synthesis?)–making Keynesian a … Continue reading

Posted in Financial Crisis, financial regulation, government budget, subprime crisis | Tagged , , , , , , , , | 1 Comment

Gary Becker and the law of the jungle

The sub-prime crisis and the ensuing economic slowdown have led many to question some widely held economic tenets, particularly the belief that unfettered markets inevitably lead to the best of all possible outcomes. Writing in yesterday’s Wall Street Journal, University … Continue reading

Posted in Financial Crisis, financial regulation, subprime crisis | Tagged , , , , | Leave a comment

How bad does Edward Lazear need it to be?

Writing in Friday’s Wall Street Journal, Stanford professor Edward Lazear argues that the real danger to the American worker is too much government–in other words: too many taxes and too much spending. Prof. Lazear writes: During the debt-ceiling debate, President … Continue reading

Posted in Financial Crisis, government budget, subprime crisis | Tagged , , , | Leave a comment