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Conflict of Interest

The Wall Street Journal reports: Under new rules adopted by the American Economic Association at its annual meeting here last week, economists will have to disclose financial ties and other…

It’s the Private Debt, Stupid

…Irving Fisher in 1933 (only after he had driven his Wall Street firm to ruin and lost everything, including his house, by clinging, Polyanna-like, to the kindergarten-ish Price-Is-Right! nostrums of…