Insights from Walter Bagehot for These Trying Economic Times | BB&T Center for the Study of Capitalism at Wake Forest University

Insights from Walter Bagehot for These Trying Economic Times

mehrling_pDr. Perry Mehrling
Professor of Economics at Barnard College, Columbia University

March 20, 2012

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Perry Mehrling, whose most recent book isThe New Lombard Street: How the Fed Became the Dealer of Last Resort(Princeton 2010), offers a reformulation of Bagehot´s principles for the modern world, a “money view” which looks to the money market to assess risk and restore faith in our financial system.

 

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