Random Thoughts About International Finance and the Global Economy
Tuesday, September 16, 2008
The Crisis Unfolds
Two interesting articles on the crisis. Joe Nocera explains the role of denial in the problems of Wall Street and the demise of Lehman. Ken Rogoff argues that ending bailouts, as is the case with Lehman, is crucial to the adjustment process.
My blog focuses on issues of international finance and the global economy. It is intended for the benefit of my students and any other visitors who might show up at the site.
I am a Professor of Economics at the Pennsylvania State University and a Non-Resident Senior Fellow at the Brookings Institution. I am also a founder and Member of the Board of Directors of the New Economic School
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