Also you can catch Sam & Leo Panich on a recent Against the Grain, interviewed by Sasha Lilly.
On Sun, May 15, 2005 at 08:49:58PM -0400, sam gindin wrote: > Yes. To some degree a major rescue does create 'moral hazard'. But the Fed > will obviosuly do this only in a rare emergency case and make it clear that > it will be an exception - as has happened in the past with some increase > perhaps in speculation but not a debilitating increase... -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
