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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Agreeing with Mr. Hoenig: smaller banks.
Taking the idea one step further, less federal control and more state regulation throughout the entire spectrum of decision making and legislation. Allow state legislatures to compete with eachother in the arena for social and economic issues. Diversify the process.
Smaller banks would make bailouts tougher but I think that we should work on the feedback problems in banking first. I think the feedback problem is the main problem. Lately I have started to think that there are feedback problems for banks while property prices are rising not just when they are going down.
Many smaller banks aren't better than a few big ones if the small ones all fail at the same time for the same reasons. One small bank failure is obviously less bad than one big bank failure, but if the small banks face the same incentives as the big banks, they will behave in the same way.