3. WSJ Blog also revisits financial accelerator, the one broad idea developed by Bernanke that is behind the problems in US economy and the monetary policy measures.
4. Mankiw’s list of economists against the fiscal stimulus. It is amazing that in such stiff times, the economists in US are still debating what should be and should not be done.
5. Rodrik points to a capital flow analogy.
6. JRV also has a nice take on the Soc Gen fraud.
7. Ajay Shah reminds us of debt management office