Archive for 2009-01-05

Babysitting bankers

It’s interesting how much high-falutin economics seems to come down to analogies to baby-sitting. The most recent example (via Russ Nelson a few days ago), is an article by Paul Krugman (actually from 1998) extrapolating from a baby sitter’s co-op to the Asian monetary crisis. Basically, the idea is that a bunch of parents get […]