Felix Salmon

Christian values, only $25.98

December 21, 2009

Baptist values are going cheap! They’re only $25.27 per share, while Methodist values are $25.55, Lutheran values are $25.56, and Catholic values are $25.98 — the same price as general Christian values.

Historical lessons in disincentivizing bankers

September 4, 2009

There are too many bankers, and they make too much money. How to deal with this? You can try to crack down on bankers’ pay directly, but that’s unlikely to work. You can try to fiddle with capital-adequacy standards, so that big banks become less profitable, but that’s unlikely to have much in the way of immediate effect. Or, you could follow the lead of Holland, circa 1581, as explicated by Simon Schama: