Best sentence I’ve read today:
If Chapter 11 cannot save GM, then nothing can.
This is from the recent VoxEU opinion by Joshua Rauh and Luigi Zingales, proposing a bankruptcy to save General Motors.
→ Read more Day: November 19, 2008
Econlinks (& more)
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Greg Mankiw’s memo to the President-Elect; there is a chance Obama might actually listen, given how fast Mankiw’s comment changed things here :-).
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The secret pleasures of Dr. Doom: and you still wonder why Roubini has so many fans among the young economists?!