[lbo-talk] credit crunch

Doug Henwood dhenwood at panix.com
Sat Jan 3 10:59:40 PST 2009


On Jan 3, 2009, at 6:38 AM, Julio Huato wrote:


> I don't have access to NBER papers from my home computer, but after
> reading the CCK paper, I'm mystified by their argument that spreads
> shouldn't be taken as evidence of credit tightening during a crisis
> *because of* the flight to quality. Hence, you should look at levels.

No kidding.

These guys look pretty right-wing, no? Is it some sort of weird compulsive anti-Keynesianism?

Doug



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