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"Welcome to planet ZIRP. Unfortunately, we do not have a handbook, or fully understand the terrain. Our process of quantative easing, the plan to helicopter money may work but as a fire fighting option, it may be like dropping water into a desert, such are the fissures in the financial system."
Thought I might begin work on the guide anyway! Comments, contributions and chapters welcome.
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Richard H. Thaler: Nudge: Improving Decisions About Health, Wealth, and Happiness
Malcolm Gladwell: The Tipping Point: How Little Things Can Make a Big Difference
Bernardo A. Huberman: The Laws of the Web: Patterns in the Ecology of Information
Nassim Nicholas Taleb: The Black Swan: The Impact of the Highly Improbable
Alan Greenspan: The Age of Turbulence: Adventures in a New World
I've got draft chapters on free trade, scrapping central banks, sensible banking supervision, reducing size of state, welfare and tax reform, simplification and integration.
Posted by: Mark Wadsworth | December 17, 2008 at 01:23 PM
Tim creates a great link and offers a contribution to the Planet Zirp guide, from the mess that Greenspan made. Thanks.
Nice - in case you haven't already seen this - http://themessthatgreenspanmade.blogspot.com/2008/12/planet-zirp.html
- Tim
Posted by: jka on economics | December 17, 2008 at 04:20 PM