Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
I very much agree with this sentiment of Mark Thoma's:There has been much debate about whether the financial crisis is driven by lack of liquidity or from fears about lack of adequate capital and solvency, but I'm starting to think a third component is important as well, the complete breakdown of traditional information flows, and a loss of confidence in the models used to ev readmore
