Posts Tagged ‘strategic defaults’

Strategic Defaults No Longer on the “Fringe”

Sunday, April 25, 2010 15:32 7 Comments

Any Austrian economist has got to snigger at Rick Newman’s opening paragraph in his article in US News & World Report: One thing that’s fascinating about an economic crisis is the way ordinary people confound the experts. Consumers are expected to behave according to sophisticated economic models that have been built over decades, but sometimes [...]

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