Merle Hazard on moral hazard

Merle Hazard’s latest, Diamond Jim (H/T Greg Mankiw)

“In the Hamptons”

As economists such as Nouriel Roubini increasingly predict a recession and a hard landing for the U.S. economy, Merle Hazard channels Merle Haggard, Arthur Laffer, Milton Friedman, Mac Davis, Ben Bernanke and Elvis — to name just a few — … Continue reading