Tyler Cowen (and Brad DeLong) exonerate the repeal of Glass-Steagall. General thesis: Gramm-Leach-Bliley was not a major contributor to the housing bubble and the securitization of bad debt, and right now, the end of Glass-Steagall leaves more landing zones for troubled companies.
Thing One: Rather than search for causes of the "Obama surge," just figure that the campaign is returning the status quo ante the conventions. Since late Spring, Obama has been ahead by a couple-or-few points most of the time. It’s a truism that "conventions don’t matter" and also that "vice-presidential nominees" don’t matter. Maybe even [...]
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