James Kwak
James Kwak's Latest Articles | 133
U.S. Health Care Spending
The vast discrepancy between what we spend on health care and what every other prosperous (or not-so-prosperous) country spends on health care–and the little good... Read »
My Last Post on Ben Bernanke
His confirmation, that is. I summarized most of my position in Foreign Policy, which asked me to lay out the anti-confirmation argument. My reasons overlap with... Read »
Obama and FDR
Kevin Drum found a great quotation from FDR and what he thought of bankers, monopolists, and speculators. It’s so good he deserves to have you go there and read... Read »
When a 79.9% APR is Good?
Adam Levitin wrote an informative post on Credit Slips a couple of weeks ago; I missed it but it looks like no one in my RSS reader has mentioned it, so here goes.... Read »
The Costs of “Extend and Pretend”
For months now, Calculated Risk has been criticizing the policy of “extend and pretend”–the practice of pretending that real estate loans are still worth their... Read »
Bankers and Athletes
Bill George, a director of Goldman Sachs, defending the bank’s compensation practices, said this: “The shareholder value is made up in people and you need the... Read »
Another Approach to Compensation
The problems with the traditional model of banker compensation are well known. To simplify, if a trader (or CEO) is paid a year-end cash bonus based on his performance... Read »
No to Bernanke
The American Economics Association is meeting in Atlanta, where Simon says it is frigid. I went to an early-January conference in Atlanta once. There was a quarter-inch... Read »
What’s in Your Wallet?
Felix Salmon points us to Arianna Huffington’s campaign to get people to move money out of the big four banks: JPMorgan Chase, Bank of America, Citigroup, and... Read »
The Power of Conventional Wisdom
The week between Christmas and New Year’s is probably a good time to throw out half-baked ideas on topics I don’t know much about. First, there’s been a lot... Read »







