Marking to market is a good idea, but beware of the unintended consequences of good ideas.
This article makes the same point, and many others (about Fannie and Freddie, about the repeal of Glass-Steagall), very well.
One economist removed from the Naval library
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Deirdre McCloskey, can you guess which book? See #197. I might add the
text to that one is remarkably non-salacious, perhaps many readers were
somewhat...
36 minutes ago
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