I wrote this for Time.com Thursday: The race for the Great Fed Second Guess of 2008 is now well under way: First out of the blocks was former Federal Reserve chairman Paul Volcker, who worried aloud in April that forcing and partially financing the takeover of ailing investment bank Bear Stearns had taken the Fed [...]
I’m off today, visiting lovely (albeit scorching hot) Charlottesville for Mrs. Curious Capitalist’s XXth Reunion (I figure I might get in trouble for disclosing the actual number; update: Mrs. CC points out that my attempt at nondisclosure failed, given that it is her XXth Reunion). But I forgot to tell anybody at work that I [...]
So I’ve already said what’s in it, but now my new column is up online and in the dead-tree issue of Time with the Prozac on the cover. It begins: Eleven years ago, after doing a lot of studying and a lot of thinking, Richard Rainwater convinced himself that the long decline in oil prices [...]
