Some Tuesday reads:
• Howard Lindzon: The Top Ten Reasons You Sold Stocks on March 9th, 2009
• British break up several bailed-out banks (Washington Post)
• Synchronicity and Stock Prices (Barron’s)
• States Are Pondering Fraud Suits Against Banks (NYT)
• Malcolm Gladwell: How different are dogfighting and football? [...]
"The basic principles of the theory of the competitive market were worked out by the Spanish scholastics of the 16th century and that economic liberalism was not designed by the Calvinists but by the Spanish Jesuits!" F.A. Hayek, 1979
Letter is here, as sent to us by Jesus Huerta de [...]
David Landes says that back when Carlo Cipolla was the senior economic historian at the University of California at Berkeley, Carlo demonstrated that he was a real gentleman by:
wearing real hand-made suits with buttons on the cuff that actually buttoned and unbuttoned. always buttoning all the cuff buttons--so as not to [...]