Hair of the dog

The bar, Hair of the Dog, in Ha Noi is not all that great, though their 30,000d cocktails are a good draw. Their foosball table, though, is lackluster. That is beside the point, however.

The current mess in financial markets has everyone wondering what could have been done, and what should be done, to prevent such a thing from happening in the first place. Tough question, really. Innovation will always come about. If rules are put in place, folks will always think of some new, novel way to dodge it. Yay humans! Go us! Megan McArdle gives a brief analysis of what the Fed is up to these days. What is up with economists and drinking analogies anyhow?

“Taking away the punch bowl doesn’t do much good if the guests just drive to another bar.”