Levine posts a lengthy article explaining the crisis and his views as to why the Treasury and the Fed are wrong on the problems.
Levine, as you may recall, is the "million dollar man." Washington University drew him away from UCLA at (wait for it) one MILLION DOLLARS per year. Say that in your best Dr. Evil voice. That's right, 6 zeros. Pretty much 3.5 times the highest paid faculty in economics I'd ever heard of before hearing that.
Wednesday, October 1, 2008
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