FLG listened to the most recent EconTalk with Simon Johnson about the financial crisis. Coincided nicely with FLG's analysis, except he never argued for a hard, arbitrary cap on the size of banks, but it makes sense.
Monday, November 28, 2011
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This reminds me that Paul Krugman wrote the section on financial reform for the unpublished 1988 economic program of the late Democratic Leadership Council. I will call around and see if I can get a copy.
(It was never published precisely because of what Krugman wrote, which offended a certain Senator, who was then one of Michael Milken's waterboys.)
If you get a copy, then send it over!
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