Arnold Kling: August 2002 Archives

Can Greenspan Steer?

At the beach where we vacation every summer, my daughters like to ride the bumper cars at an amusement park called Funland. One thing I notice is how weak is the link between the steering wheel and the direction of... Read More

Rationally Exuberant

The ultimate irony of the stock market decline of the past two years is that it occurred at a time when long-skeptical economists have come around to the view that the "new economy" story that fueled much of the rise... Read More

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