Not enough time or energy to come up with anything original, so here are a couple of must reads.

First, Tyler Cowen put up a post that I’ll be rereading and thinking about for more than a couple of days. He asks whether it is in fact the banks or the political class that calls the shots. His answer is a classical libertarian one. Read it and think about it as you watch the Washington dance concerning financial regulation.

Second, here is the post on the Goldman saga that I’ve been waiting for. It’s the Epicurean Dealmaker at his cynical best. Don’t read it if you’re looking for another essay on ethics or the lack thereof.