Current Affairs

I may have something more to say in the coming weeks. But I thought I should note some of what the Post Keynesian economist Paul Davidson has to say about the subprime mortage crisis:

• Paul Davidson (2008)
  "How to Solve the U.S. Housing Problem and Avoid a Recession: A Revived HOLC and RTC", Policy Note, Schwartz Center for Economic Policy Analysis (January)
• Paul Davidson (2008) "Security, Liquidity, and Market Failure", Challenge, V. 51, N. 3 (May-June): 43-56