Bookworm on Mar 16 2009 | Filed under: Economics
I was doing some research for a post I’m planning, and came upon an articled entitled “The optimal design of Ponzi schemes in finite economies” which Utpal Bhattacharya wrote in 2001 and published in 2002. The summary reads as follows: As no rational agent would be willing to take part in the last round in [...]
Bookworm on Sep 26 2008 | Filed under: Economics
John Hawkins is right: this is a blockbuster interview with Jim DeMint, and one that adds new dimensions to the Republicans’ refusal blithely to sign onto the plan Bush and the Democrats are floating. If true, it also does not reflect well on Bush, who has always shown himself to be a principled man, even [...]
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