Bagehot’s Other Dicta: Clear Writing and Central Bank Transparency (part 2 of 2)
Last week, I pushed against a popular account of Walter Bagehot’s Lombard Street that I think misconstrues exactly what Bagehot was trying to do (and the context within which he was doing it). My brilliant live-in editor tells me that (1) Bagehot really isn’t that popular, so I may be overstating how much people have […]

