![<strike>Three</strike> Four must-read Friday links <strike>Three</strike> Four must-read Friday links](http://andstillipersist.com/wp-content/uploads/2013/09/130920-130920-calvineconomics.jpg)
Three Four must-read Friday links
First, Megan McArdle: “Banking without risk is impossible“: The fundamental fact of a banking crisis, which is different from a crisis in any other industry, is that if people believe a financial institution to be bankrupt, it actually is bankrupt. As Arnold Kling puts it, banks exist to reconcile the desire of households to […]