There oughta be a law

[jessebeller]

There's been an awful lot of talk about how implicit guarantees of government bailouts encourage what can only be described as plainly stupid business decisions on the part of all the players in this big fat financial mess we're now in. (David Leonhardt has a good column in today's NYT addressing the issue in light of Akerlof and Romer's 1994 paper

Comments

[drzachary]

completely unrelated:

if by any chance you don't read it, i think you'd love www.snacksandshit.com