Economic (and financial crisis) links

[erudito]

About per capita income and its geographical distribution in the Roman Empire.

About militarising foreign aid (pdf).

Saudi supertanker has been seized by Somali pirates, the largest ship ever hijacked. Paper on the economics of piracy (pdf).

Singapore will allow payments to providers of human kidneys and eggs.

Rupert Murdoch is positive about

Comments

[jordan179]

The case that the CRA caused the current crisis has as much legitimacy as the case that FDR caused a recession to turn into the Great Depression. Little to none.

That is reasoning by analogy from authority, which is a particularly weak form of argument. Especially given that the chronologies of the Great Depression and of this recession are totally different -- the real estate boom that led to the initial malinvestment in the mid to late 1920's happened under Coolidge, and the first responses to the recession resulting from Black October in 1929 happened under Hoover. FDR was not President until 1933 -- three and a half years into the Depression.

I wonder why the memory of this event gets so foreshortened? Shades of Biden's "President Roosevelt got on the TV in 1929 and reassured the nation," which was a mishmosh of three separate decades (1920's - Stock market crash, 1930's - President Roosevelt fights the Depression, 1940's - TV's start to become common). Anyway, your argument has the same legitimacy as Biden's -- little to none ;-)