September 30, 2008

What Do You Think? -- Mulligan on the Financial Crisis

"Wall Street Will Drown Alone"

1 comment:

Not-a- Generic-User-ID said...

This guy sounds like he doesn’t know what he is talking about to me. Although he does have some real points, anyone who fails to figure out that the contribution of capital to net profits is related to the cost of debt to acquire that capital can’t be taken too seriously.