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Think Tank

1) John Taylor -- of the famed "Taylor rule" -- gives his take on the financial crisis, and the response.

2) Paul Krugman's slightly cryptic slides from his talk on inequality and crises.

3) How contributions from subprime mortgage lenders drove congressional action on pro-subprime housing policy.

4) The International Monetary Fund lays down 10 rules for fiscal adjustment.

5) The Commonwealth Fund compares seven health-care systems 00 including ours.

By Ezra Klein  |  June 28, 2010; 10:30 AM ET
Categories:  Think Tank  
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Comments

Interesting slides from Krugman. Would be good to hear the talk. I've heard similar stories from Rutgers historian James Livingston.

http://hnn.us/articles/55614.html

His argument is that the Depression was a function of the economy turning to a consumption economy while profit shares went into savings instead of wages. The savings produced a stock and real estate bubble, and made consumption depend on debt, as wages didn't increase enough to support the consumer products the economy was now producing. It worked for a while, but it was, of course, unsustainable. I don't know if this same story holds up in the current economic trouble, but it's intriguing, and there are certainly parallels.

Posted by: enormousturnip | June 28, 2010 8:13 PM | Report abuse

Mortgage Loan Modification is the only solution to save your home and stop foreclosure. Some 650,000 troubled borrowers have been put into trial loan modifications under the president's foreclosure rescue plan, the Treasury Department said Tuesday. That number represents only 20% of eligible homeowners. Mortgage Home Modification Program is the solution to save your house and stop foreclosure process Use this free tool to see if you qualify for loan modification http://bit.ly/b8C0iS

Posted by: soannoah | June 29, 2010 5:14 AM | Report abuse

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