In the beginning, there were institutions...thoughts on institutions, economics and other random topics.
Wednesday, October 15, 2008
Austan Goolsbee mops the floor with Doug Holz-Eakin's Carcass
Listen here. I love the part with a bout 5-6 minutes left where DH-E says something about paying face value for assets, and Austan says NO! That would be obscene! It would give the biggest subsidy to those who were the most irresponsible!