Blog Review 798


Trying to distinguish between real business recessions and Keynesian recessions. The different causes of course mean that the cures are different.

Evidence that we're in a liqudity trap may not be the evidence we thought it was.

Super-senior tranches, CDOs and the CDS market.

Does a generous welfare state change the composition of would be migrants? Yes appears to be the answer.

The South Park guide to why economic profits don't last in a competitive market.

Politicians always take responsibility, of course. It's just that some do it differently than others.

And finally, more on politicians.