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Ian Ayres to indebted graduates: buy stocks on margin!
Archive for the ‘Economics’ Category
November 20th, 2010
November 16th, 2010
Category: Economics, Politics and Leadership
David Brooks presumed contrast between “high savings, hard work, few distortions” conservatives and politically naive, spendthrift liberal technicians bears little relationship to American political reality.
November 12th, 2010
Category: Conservatism, Defense and national security, Economics, Financial crises, Foreign Policy, Republican Party
The double legacyof Bush Republicanism ain hastening American decline.
November 8th, 2010
Category: Diplomacy, Economics, Handbasket, world going to hell in, International Affairs, Macroeconomic Policy, Watching Conservatives
Robert Zoellic goes gold bug, and the strange US lock on the World Bank presidency.
October 12th, 2010
In a long and thoughtful reflection on David Brooks’ bleat about public pensions, Jon admits that there is a public pension problem and maybe even a public employee salary issue. Here’s some more along those lines, too long for a comment. My main point is that the problem is structural: political arrangements, intentional and other, [...]
October 8th, 2010
New Jersey is a living embodiment of why political boundaries should never be drawn along rivers, and always along ridgelines. Nine million people live in two enormous clusters attached economically and culturally, but not politically, to the cities of New York and Philadelphia across the major regional rivers. These clusters anchor the ends of an [...]
September 30th, 2010
Category: Economics, Science and its methods
Daniel Kahneman reinvented and confirmed Bacon on cognitive bias.
September 25th, 2010
Among the standard bleats of those who want [to be heard asking for] less taxes on everyone, and want to actually have less taxes on on the bleater personally, is a sort of pugnacious Babbitty claim that “I earned my money by my own efforts and when the government takes it from me it’s theft.” [...]
September 24th, 2010
Category: Economics, Woolgathering
There’s nothing either good or bad but thinking makes it so (W. Shakespeare) Really, if the lower orders don’t set us a good example, what on earth is the use of them? (O. Wilde) Everybody ought to have a maid (S. Sondheim) All but the richest Americans have always been awkward about and around domestic [...]
September 18th, 2010
Prof. Henderson’s judgment continues to fail him, and he apparently went up against Brad Delong, something the really smart and really wise and really well-informed do with great caution. Who was it that rush in where angels fear to tread, again? Remember the Black Knight in Monty Python’s Holy Grail? Brad attached a rocket engine [...]
