Selected reading on the recent economic downturn:
A good FAQ from the Freakonomics guys explaining the basics.
Nassim Nicholas Taleb on Black Swans and Fourth Quadrants, about why quants are dumb and we never should have been in this mess, if only a real statistician would lead us.
Via Bevan by email, Marginal Revolution blurbs on how this all extends overseas.
The Paulson-proposed legislation. Pay special attention to Section 8, the one that explicitly forbids oversight. Then watch this, and enjoy your flashback to every horrible memory you’ve ever had of the Bush administration.
I’m not an expert on economics, but I do know one thing. I’ll never let another conservative tell me that a national healthcare system is too expensive, and tantamount to socialism.
Posted by Charles de Granville on 24 September 2008 @ 1am