Knowledge Problem (Free subscription) | 10/10/2008
Lynne Kiesling With all of the blather about how an economic downturn will reduce the demand for oil, and with oil prices hovering around $80 right now, this WSJ Environmental Capital post is a welcome reminder that market processes are...
Knowledge Problem (Free subscription) | 10/07/2008
Lynne Kiesling Global economic weakness and the end of hurricane season mean that gasoline inventories are rising and prices are falling....
Knowledge Problem (Free subscription) | 10/07/2008
Lynne Kiesling In Monday's Washington Post, Sebastian Mallaby argues that blaming deregulation for this financial crisis is both false and dangerous: So the first cause of the crisis lies with the Fed, not with deregulation. If too much money was...
Knowledge Problem (Free subscription) | 10/07/2008
Lynne Kiesling In light of Tyler's observation yesterday that things are going badly if the Fed guarantees commercial paper, I offer without comment this news item: The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term...
Knowledge Problem (Free subscription) | 10/07/2008
Lynne Kiesling When Steve Horwitz says that we have to control the narrative in the wake of the bailout plan's approval, here's one example: following up on a link to a 2004 UCLA press release, I found this paper: "New...
Knowledge Problem (Free subscription) | 10/04/2008
Lynne Kiesling Welcome to Hit & Run, Instapundit, and Volokh Conspiracy readers, and thanks to those respective parties for their links. Pro Libertate's comment from Katharine Mangu-Ward's post yesterday that linked here wins my prize for the most erudite comment...
Seeker Blog (Free subscription) | 10/04/2008
... consensus is that a bailout is what we will get whether it is likely to work or not. Addendum: Lynne Kiesling draws the Olsonian conclusion. Certainly recapitalization is required, but I’m not confident we can get there without creating sufficient confidence that institutions will again be willing to hold assets more risky than cash. I think the freeze up of credit markets is real....
