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1. Paper money.

Subjects
*FINANCIAL crises, *NONFICTION, *HISTORY
Abstract

A review is presented of the book "Panic: The Story of Modern Financial Insanity," edited by Michael Lewis.

Published
2008

2. Same as it ever was.

Subjects
*FINANCIAL crises, *ECONOMIC forecasting, *ECONOMISTS, *CONFERENCES & conventions, *HISTORY, UNITED States economy, 2001-2009
Abstract

The article discusses a paper titled "Is the 2007 Sub-Prime Financial Crisis So Different? An International Historical Comparison," by Carmen Reinhart and Kenneth Rogoff. The paper, which was presented at the 2008 meeting of the American Economic Association (AEA) in New Orleans, Louisiana, compares the U.S. subprime mortgage crisis with various historical banking crises. Reinhart and Rogoff conclude that the effects of the crisis will not be as drastic as the outcomes of previous crises.

Published
2008