Extra Credit, Weekend Edition

Market

Bailouts and the "Fed Put": Mark Thoma deserves some kind of medal

for doing this. Fed speeches are long and dense; Thoma’s worked out a way of

making them much easier to read without losing any of their subtleties. In this

one, William Poole comes to the defense of the "Fed Put" against the

moral-hazard brigade. Well worth reading, or at least skimming.

Climate Change, ethics

and the economics of the global deal: Nick Stern at Vox EU.

Not

a bad bit of rescuing, huh? Accrued Interest says senior noteholders will

benefit from the subprime bailout.

Real

Estate and the Creativity Index

Rap represented in mathematical graphs

and charts

Subprime Series, part 2:

Deposit insurance and the lender of last resort

Laissez-Faire

Marriage

Market

Failure in Christmas

Bumper

stickernomics

And finally (this is one I hadn’t seen before):

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