Quote of the Day: Felix Salmon

Liquidity is like a safety net: it allows people to feel free to make potentially stupid decisions, because they know they can always change their mind and reverse those decisions at any point. Until, of course, there’s a crisis, and correlations spike, and the safety net, just when you need it, isn’t there.

— Felix Salmon (Reuters)

Best of the Month: October 2009

10. Basic Economics Is Intuitive — Bryan Caplan
9. The Race to Save Lehman — Andrew Ross Sorkin
8. An Ugly Peace — Nir Rosen
7. Death Cometh for the Greenback — Joseph E. Stiglitz
6. The Risks of the C.I.A.’s Predator Drones — Jane Mayer
5. Global Imbalances and the Financial Crisis: Products of Common Causes — Maurice Obstfeld & Kenneth Rogoff
4. The Snatchback — Nadya Labi
3. “Rape-Rape” — Jenny Diski
2. Too Big to Fail — Andrew Ross Sorkin
1. Held by the Taliban, Part One: 7 Months, 10 Days in CaptivityPart Two: Inside the Islamic EmiratePart Three: The World of Young MilitantsPart Four: A Drone Strike and Dwindling HopePart Five: A Rope and a Prayerand Epilogue — David Rohde
BONUS: Market Strategy: It’s Not Just the Rules, It’s Enforcement — Anthony W. Orlando

Best of the Week: October 18-24, 2009

Best of the Week: October 4-10, 2009