What I am Reading

Lot's of things. Mostly my Micro textbook. And some Tullock articles. But I came across a very funny piece in the LA Times today from Joel Stein. IMHO, he gets the current financial crisis right. Here is a taste:

Do you have credit card debt? Did you buy a house with less than 20% down, or with an adjustable-rate mortgage, assuming that skyrocketing equity would let you refinance or flip it? Of course you didn't, because you're a super-intelligent reader of my column. But don't you think every single Rosa Brooks reader did?

The rest of the article carries this light-hearted tone. But he makes some very good points as well. ATSRTWT.