Arnold Kling  

Kling on Financial Markets

Lectures on Macroeconomics, No... The State of Conservatism...

Russ Roberts and I talk. We start with credit default swaps, and that may be a bit hard to follow. Then we get into broader issues of what I call the housing industrial policy and the purpose of the various bailouts, starting back with Bear Stearns.

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COMMENTS (2 to date)
scott clark writes:

I almost wish this were a discussion of
Klingon Financial Markets. Ka'pla!

Andrew Cassel writes:

Arnold, I was very intrigued with your discussion w/Russ of what caused the CDS market to implode. Burton Malkiel in today's FT ( )says an exchange would fix that market failure; I assume you disagree but would appreciate hearing your reasoning.

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