Fiscal Matters

By Megan McArdle

More support for Amity Shlaes: a New Yorker of my acquaintance who works with the finance industry reports that the massive fiscal crisis, and regulatory uncertainty, are having a big impact on how he invests for the future:

Now when I buy Mega Millions tickets, I pick the lump sum option rather than the 26 annual payments

This article available online at:

http://www.theatlantic.com/business/archive/2009/04/fiscal-matters/7148/