Two on the causes of the recession

by Craig Newmark | October 23, 2011 6:15 am

Megan McArdle makes short work–again!–of something that didn’t cause it: repeal of Glass-Steagall[1].

The Economist briefly review two books that persuasively argue that a totally out-of-control Fannie Mae was a key cause[2].

Endnotes:
  1. repeal of Glass-Steagall: http://www.theatlantic.com/business/print/2011/10/if-you-favor-a-policy-please-first-figure-out-what-it-is/247092/
  2. a totally out-of-control Fannie Mae was a key cause: http://www.economist.com/node/21532248

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