Bankers then and now: Given the growth of unlimited liability banking in the past and the plethora of Americans living lives of quiet desperation in the present, I suspect that the risks of unlimited liability banking could in fact attract many, many small lenders whose initial capital may be little more than significant equity in […]<\/div>\n<\/li>\n

From its China 2030 Report: As an economy approaches the technology frontier and exhausts the potential for acquiring and applying technology from abroad, the role of the government and its relationship to markets and the private sector need to change fundamentally. While providing relatively fewer \u201ctangible\u201d public goods and services directly, the government will need […]<\/div>\n<\/li>\n

The Noah Effect and the Joseph Effect in what people are writing about.<\/div>\n<\/li>\n

From Synthetic Assets: Regulators are failing to distinguish between what is optimal for the individual bank and what is optimal for society.\u00a0\u00a0 Liquid assets are supposedly \u201csafe\u201d \u2013 but for the problem that liquidity itself is inherently ephemeral.\u00a0 How precisely do the regulators imagine that collateral posted by a systemically important financial institution (SIFI) is […]<\/div>\n<\/li>\n

Even Your Best Ideas Will Fail If Your Partners Don\u2019t Innovate Too: The companies understood how their success depends on meeting the needs of their end customers, delivering great innovation, and beating the competition. But all three fell victim to the innovator\u2019s blind spot: failing to see how their success also depended on partners who […]<\/div>\n<\/li>\n

Walter Russell Mead: VM thinks that hunkering down is the least bad option. We want the war to end as much as anybody, but you don\u2019t get peace in a situation like this by making everyone think you are desperate for peace and on the brink of psychological if not military defeat. And we think […]<\/div>\n<\/li>\n

From the Daily Camera: The University of Colorado filled three key administrative posts — including the Boulder campus’s chief financial officer — with retirees who are limited to working 140 days a year, but who receive nearly a full salary from the university plus pension payments from the state retirement fund. For example, Ric Porreca, […]<\/div>\n<\/li>\n

Or at least keeps them from working. \u00a0How the fringe Socialist Workers Party sunk a perfectly good job-training and placement program: What went wrong for Tesco was that it fell foul of stipulations surrounding benefit payments which were beyond the company\u2019s control. Tesco were pilloried for not paying a wage, but government rules actually prevent […]<\/div>\n<\/li>\n

How much monetary stimulus is the right amount? Mr. NGDP Targeting himself answers.<\/div>\n<\/li>\n

Charters, Vouchers: Good for the students, good for the public schools affected. Among voucher programs, these\u00a0studies\u00a0consistently find that vouchers are associated with improved test scores in the affected public schools. The size of the effect in these studies varies from modest to large. No study has found a negative impact. Fewer\u00a0studies\u00a0have examined the competitive effects […]<\/div>\n<\/li>\n

It’s as easy as Red, Green, Blue! Really!<\/div>\n<\/li>\n

India Hiding the Truth? \u00a0I think the article underplays the longstanding historical ties between India and Iran, back to when Iran wasn’t a regional and national troublemaker. \u00a0Which was pretty much any time before 1979. That said, while the Israeli press will report what it reports, there’s no particular reason for the Israeli government to […]<\/div>\n<\/li>\n<\/ul>\n