Links of Interest
Gavin Kennedy corrects a misinterpretation of Adam Smith’s Theory of Moral Sentiments.
James Hamilton has a very informative post reviewing the Fed’s actions over the last 5 years. The Fed recently announced that it sold the last securities from its bailout of AIG, actually earning a profit: a net gain of $2.8 billion to the taxpayer. Perhaps a President Romney will take Glenn Hubbard’s advice and keep Bernanke on at the Fed?
The new Glenn Hubbard and Tim Kane blog is here.