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Krugman-in-Wonderland Everyone now knows about the infamous trading losses suffered recently by JP Morgan, but leave it to Paul Krugman to claim that a bank that operates within a heavily-regulated system somehow is “unregulated.” Oh, I know, Krugman actually is claiming that even Dodd-Frank does not regulate enough and that we need to “turn back [...] This excerpt is from DelanceyPlace, which provides interesting excerpts from mostly recent books. You can sign up and receive regular emails with these pieces. This one centers around the formation of the Bank of the United States and is about the debate between the Federalists and the Republicans, led by Alexander Hamilton and Thomas Jefferson, [...] |
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