Про кризис

[vit_r]

У меня накопилось немного ссылок по макроэкономике вообщем и по текущему кризису в частности. Скоро в этот журнал будет кинуто дофига цитат на английском. В разных постах.Во многих случаях не под катом. Без особой системы и порядка. Потому как тут не монография, а записная книжка. Короче, я предупредил.

Те, кто не желает читать бусурманские буквы, могут воспользоваться
http://translate.google.de/translate_t?hl=ru
http://www.translate.ru/Default.aspx/Site
или любым другим аналогичным.

Для начала пара из сегодняшнего

• The U.S. has just missed a golden opportunity to credibly signal to the world for decades to come that "no guarantee" means "no guarantee."
  

• It was in large part to improve the management of banking panics that the Federal Reserve was created in 1913. However, as Friedman and Schwartz discuss in some detail, in the early 1930s the Federal Reserve did not serve that function... At the same time, the large banks--which would have intervened before the founding of the Fed--felt that protecting their smaller brethren was no longer their responsibility. Indeed, since the large banks felt confident that the Fed would protect them if necessary, the weeding out of small competitors was a positive good, from their point of view.

  If Americans wanted to increase the stability of their banking system, they could simply have abolished the laws that made it so unstable.
  [And] how banks dealt with panics before the Fed.