Daily Archives: May 17, 2009

Posner — Why the market needs supervision

Here’s a book that will relegate Judge Posner to be adjudged as  a sure fire liberal:

In “Catastrophe: Risk and Response” (2004), he took up the problem of low-probability, high-impact events. The financial meltdown certainly qualifies. In this compact and bracingly lucid volume, he offers a simple, but not simplistic, primer: “a concise, constructive, jargon- and ­acronym-free, nontechnical, unsen­sational, light-on-anecdote, analytical examination of the major facets of the biggest U.S. economic disaster in my lifetime and that of most people living today.”

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