Daily Archives: November 20, 2009

From the FT:
Tackling systemic risk is no job for the status quo – William Donaldson and Arthur Levitt

From elsewhere:
China, the Renminbi, and global imbalances: A quantative View – Econbrowser
The Big Squander – Paul Krugman, NY Times
Forecasting macroeconomic developments – VoxEU

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person should support them. So why do I now find the idea of a windfall tax on banks so appealing? Well, this time, it really does look different. Read more