Ben Bernanke doesn’t like gold and doesn’t hate the New Deal

I checked out Fed Chairman Ben Bernanke’s 2000 book Essays on the Great Depression at the library the other day. It’s not what you’d call a page turner, but it does offer some cool insights into his thinking. It’s a collection of lectures and journal articles, some going as far back as the early 1980s, [...]

A more detailed view of the Great Quant Meltdown of 2007

The collective wigging out of the quantitative hedge funds earlier this month has been one of the most fascinating stories to come out of the market’s summer troubles. Joe Nocera wrote the best layman’s explanation in his NYT column on Saturday (a column that, I feel obliged to note because it makes me sound important, [...]