antitrust

Looks like Simon Johnson is advocating using the antitrust laws to limit the size of banks before members of Congress. I’m glad to see the aproach getting some attention. I agree with Mark Thoma that the laws would require some reform in order to apply — this is about the intrinsic dangers of size rather […]

Paul Krugman’s column today begins with a shot at Larry Summers but quickly turns into one of Krugman’s best. In it, he gracefully tracks the recent growth of the financial sector, tracing its transformation from “a staid, even boring business” that accounted for less than four percent of GDP in the 1960s to a monstrously […]