Monthly Archives: November 2012

Why we can’t have nice things (like safer commodity markets)

The tension between the obvious need for financial regulatory reform and the reality of the weak tea we have been served is rooted in the politics of the regulatory process. The usual culprit is the most obvious one – aggressive … Continue reading

Posted in Finance and capital markets, Regulation | 1 Comment

Cognitive filtering and Obama’s grand bargain

Econ and finance bloggers spend a fair amount of time talking about bias and cognitive errors on the part of investors, which is all well and good, but the political consequences of these patterns are far larger. In two recent … Continue reading

Posted in Politics, Public finance | Leave a comment

Fiscal policy and the manufacturing of inevitability

One of the worst aspects of the charnel house that was the Iraq War was the sense in 2002 – 2003 that the country was sliding toward a terrible outcome without ever having made a choice. The war was presented … Continue reading

Posted in Politics, Public finance | 1 Comment