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Misunderstanding Financial Crises: Why We Don't See Them Coming Gary B. Gorton
Publisher: Oxford University Press

(1) Don't see why one needs the parallel with tomorrow's Scotland: it's plenty of relevant precedents, from Naples 1860, to Nice 1860, to the Silesian plebiscite in 1921. Jan 28, 2013 - And I admit this did make wonder briefly whether what we have all been told about QE - that it works by depressing real interest rates along the yield curve, thus encouraging diversification into riskier assets - was actually correct. Http://azizonomics.com/2011/09/10/can-bernanke-print-gold/ Well done, Frances, you solved the financial crisis! As we have seen from the economic crisis of 2008 and following many other unsettling developments legal actions can continue to drag on for years. Countries that intentionally ran big fiscal deficits, such as the United States and China, weathered the crisis better than those that chose austerity, such as the UK and the Netherlands, or had it forced upon them, as did the nations on the edges of the euro zone. Alexandra Lomakin | November 29, 2013 at 10:01 pm |. Oct 19, 2013 - Milton Friedman, of the University of Chicago—an adherent of Irving Fisher's monetarist views—argued that the economic fine-tuning envisioned by the Keynesians was impossible to get right in practice. Mar 5, 2014 - The Scots Nats are not popular in London- but nobody suspects them of being agents of a foreign power. Nov 27, 2013 - He should read Gary Gorton's Misunderstanding Financial Crisis: Why We Don't See Them Coming from Oxford University Press. Actually when they cook the numbers it means the bad debt is also exagerated problem is a lot of westerners don't really understand the formula they're using for bad debt. Misunderstanding of how their IS and BS actually work. The conclusion seems correct because what is says is that the status quo that existed before the crisis was viable and represented some sort of sustainable equilibrium. 14 hours ago - "To See What You're Thinking, Even Behind Closed Doors” .. For more, see: Can Bernanke Print Gold?