ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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You get the most awesome prize ever, Arnold! Whenever you run into anybody at the Fed, you get to hold your hands out at them as if you're holding a couple of marionette controllers and say "Dance, puppet, dance!"
If the securities are fully backed by the Federal government, then why is there a risk premium on them?
If this amateur may guess, Phil - perhaps because someone wondering about how exactly the US government will default on its debt might conclude that it might treat different categories of debt differently, with Agency debt being treated more harshly than Treasuries.
Did you buy debt from fanny and freddy yesterday? If so, then you get a prize.
@Phil Birnbaum
If the s%$t really hits the fan the Federal government will renege on the GSE debt commitment. That is why it carries a higher risk.
Now I'm starting to understand the logic behind Milo Minderbinder's syndicate and their egg business in Catch-22. Apparently "the business of America" *is* business.
That's great Ironman! LOL! You can just see some Fed worker walking down Constitution ave, suddenly accosted by Arnold, fingers splayed!