Archives for bankruptcy



Everything You Need to Know About the Financial Crisis: A Guest Post by Diamond and Kashyap

When the financial crisis was just beginning to appear, I did one of the smartest things I’ve ever done: I asked my colleagues Doug Diamond and Anil Kashyap to explain to me what was happening. What they said was so enlightening that I begged them to write it up for the blog, which they did. […] Read More »



Diamond and Kashyap on the Recent Financial Upheavals

As an economist, I am supposed to have something intelligent to say about the current financial crisis. To be honest, however, I haven’t got the foggiest idea what this all means. So I did what I always do when something related to banking arises: I knocked on the doors of my colleagues Doug Diamond and […] Read More »



Why Do So Many Celebrities Go Broke?

Because the talent that made them rich in the first place lies in something — television hosting, for example, or heavyweight boxing — that doesn’t teach them anything about how to stay rich. Brian Cuban offers further insights. Last week, Justin Wolfers wondered why Belgium seems to have so few celebrities, and he issued you […] Read More »