Wednesday, March 10, 2010

The Crisis in Historical Context & Why The $ Won't Collapse

Putting crisis in context
 

In a fascinating paper to the Financial Crisis Inquiry Commission, Yale economist Gary Gorton puts the crisis in the context of a long history of bank runs, with 21st-century wrinkles. And at Project Syndicate, Harvard economist Martin Feldstein throws cold water on arguments that the dollar is due for a collapse.



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