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« TED Spread: How High Is Financial Risk Today? | Main | Monetary Policy and Mussaism: We Economists Were Wrong »

October 09, 2008

Comments

Phil

I welcome the unapocalyptic tone of these posts, but...

I thought that the problem with the financial system today, as opposed to (say) 1975, was that the economy is more tightly coupled, and thus what may have been a WSJ byline back then, actually matters to large non-financial institutions now.

Money Services

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Thank you again.

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