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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6'2", according to this post of hers: http://www.janegalt.net/blog/archives/005134.html
thaz 4 standard deviations above the female norm. around 1 out of 32,000 women assume gaussian....
She did also say that she's 4 standard deviations above the average female height, in response to reports of a research paper that found a positive correlation between height and IQ.
Sorry, I don't know how tall Ms. McArdle is.
But I am glad that the case of Canada enters the debate, at last. Now as in 1929, it is the only (or one of the very few) country not to have a banking crisis.
It didn't have a central bank in '29, but it has one now.
So, what is it that keeps us Canadians outside the storm? I think those who genuinely search for a solution to the banking crisis problem should at last have a story about the case of Canada.
Tyler Cowen had post about the Cayman Island banks also avoiding crisis.
http://www.marginalrevolution.com/marginalrevolution/2008/10/how-are-the-cay.html
I wouldn't be so quick to accept the claim that the Canadian banks are actually OK. Remember, the same claim being made 6 months ago about banks around the world.
I saw Megan McArdle once on a Blogginheads, and I thought she was 10 feet tall.
Yancey;
the thing is: even if Canadian banks started to fail now, they would do so with a three month lag to American and European banks. Why?
Francis,
You seem to have some belief that banks fail at the moment they become insolvent. This is not the case- insolvency can be hidden for quite a while, especially the more deeply entwined a banking system is with the government. However, I would also point out that the Canadian banks may very well be more deeply damaged by the commodity bust than by the housing bust, and the commodity bust is a much more recent event.
Yancey;
What you write are good hypothesis. Yet they are not answers. I believe that if someone wants to understand what went so wrong and how it can be avoided, perhaps that investigation is worthwhile. Even if it turns out that Canadian Banks were as rotten as the others.