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Links for March 1st through March 2nd

A little something extra…

Today’s extra is a podcast, a lecture given by Professor Laurence J. Kotlikoff (direct MP3 download here). I’ve only listened to half of it, but it’s been fun so far. I’m no economist, or macro guy when it comes to The Financial Crater, but I like this guy’s take: the basic problem with all that banking stuff wasn’t the tools, it was the immoral and inept leadership and management – the “hucksters” running the show, and the overall context they created. He lays it out in a way that makes you think, “oh, of course that wasn’t – and isn’t – going to work out well for us dumb chickens.”

It’s a nice, simple story. My eyes glaze over when he gets to the details of his solution, but it does make me wonder whatever happened to the simplicity of the 3-6-3 Rule.

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Categories: Links.