The AIG bonuses have marked a turn, for the worse — not economically but socially, or morally. The disgrace of the bonus-giving itself has been dwarfed by the populist reaction against them. Matthew Yglesias has pointed to some of the best bits from around the web — especially via this post quoting Brad DeLong on compensation reform (also [...]
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FP Passport reminds us a bit about what was happening in the world the last time the stock market was this low. I have a pretty good frame of reference for that time: I just turned 19, I was finishing high school and started university in 1997. One big difference between then and now is how we use computers. [...]
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Continued from Our Society of Overachievers. I saw this in Robert Shiller’s latest Economic View piece for the New York Times: In short, Mr. Janis’s insights seem right on the mark. People compete for stature, and the ideas often just tag along. Presidential campaigns are no different. Candidates cannot try interesting and controversial new ideas [...]
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