The Enlightened Despot

… about Yglesias being wrong:

Matt Yglesias approvingly notes something that Hank Paulson said today:

We need to get to the place in this country where no institution is too big or too interconnected to fail.

Hmmm. Is this even possible? Trying to regulate leverage is hard enough, but trying to directly regulate size and “interconnectedness”? Do we really want to do that?

Frederick pointed this out the other day. Is Kevin Drum reading the Despot and counting on our low profile to prevent his plagiarism from being detected? I can’t prove that he isn’t.

Tags: economic crisis, Yglesias being wrong

This entry was posted on Monday, December 1st, 2008 at 11:48 pm and is filed under posts by Akhbar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.