The following is a guest post from David Rodwell who shares my interest in whether using credit cards vs. cash actually change an individual's purchase behavior.  Here he discusses some recent research on the subject.  I respond with my thoughts …

Cash vs. Credit: More on the Debate about Payment Mechanisms Read more »

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The Wall St. Journal (and every other reputable news agency) is reporting today that the actions taken by banks to modify the mortgages of those citizens who were already delinquent on their mortgages has not had the desired effect. Specifically …

Modified Mortgages: A New Lesson in Moral Hazards Read more »

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