Includes Edward J. Kane’s slides on the unfounded taxpayer liabilities that constitute the so-called ‘financial safety net’. It is very interesting to see Kane take such an strong stance on the subject.

Pursuit of Truthiness

I wish that Inside-Job-Style critics of economics could have attended Ed Kane’s keynote address at the Western Economic Association conference last weekend. I’ve never seen a group of academics so ready to grab torches and pitchforks and march on Wall Street.

I don’t know if anyone recorded the session, but his powerpoints are available here:

Globalization of the US Financial Safety Net-6

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