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Sunday, January 18, 2009

MORE ON FISCAL STIMULI --- OR WHY BANKS CONTINUE TO SIT IDLY IN THEIR EXCESS RESERVES

Today's First Buggy Topic

It's found in two lengthy bugged-out comments left in a thread at the Marginal Revolution, the highly laudable economic web-site run by Professor Tyler Cowen --- an uncommonly flexible libertarian economist, with, to boot, a no less laudable, wide-ranging interest in cultural, artistic, and literary matters.  Virtually all his posts are stimulating and, at times, unfold an unexpected and provocative argument.  Whatever your own propensities might be, prof bug urges you to visit Professor Cowen's site daily.

As for the buggy topic linked to here, it's one more installment in the long, strung-out series on our economic challenges, and what we can or can't do effectively to shorten the recession and --- no less important (the two concerns inseparably entangled) --- make sure that our financial system is sanitized and regulated properly . . . the only way the existing credit-crunch can be overcome and normal economic activity commence anew.