Skip to content

Daily Archives: September 16th, 2008

Phil Gramm, visionary creator of a coming depression.

As I pointed out recently, I first wrote about “credit default swaps” in February, after becoming convinced that, though I don’t completely understand them (and maybe nobody does), that they are a bad thing indeed. In the post to which I’ve linked I noted that AIG, the big financial player that is probably going to […]

Dueling Philosophies

Two Storefronts, Portsmouth, New Hampshire: