[DRAFT] Carpe Diem posted the following chart, which I’ve seen elsewhere. I find it interesting because of the strong rightward lean of that blog. So,Read More
Uncertainty vs Uncertainty
[DRAFT] “Uncertainty” plays a major role in the debate about what ails the US economy. Conservative bloggers, columnists and economists tend to emphasize the roleRead More
Rationality and Game Theory
People are very bad at “games”. What explains this? Well, they aren’t computers. But if people aren’t computers, what are they? How can they bestRead More
Health Care circa 1993
Before Obamacare was coined, and labeled as the source of all evils a very similar proposal was introduced in the Senate. This was a responseRead More
Conservatism and the GOP
David Frum has an excellent article in NY Mag about the current state of the Republican Party “When Did the GOP Lose Touch With Reality?“.Read More
Are Banks Evil? – Thoughts on “Occupy Wall Street”
With the media attention that the continuing “Occupy Wall Street” protest have been getting, I thought it was fitting to talk about banks. Some ofRead More
Economic Models and Foundations
What is the proper level from which to build an economic model? How do you measure the goodness of a model? There is a longstandingRead More
The housing bubble and the job market
From: http://www.charlotteobserver.com/2011/08/28/2559411/jobs-fairly-plentiful-in-some.html#ixzz1WNZISR7N Generally, the job market is brighter in communities that avoided the excesses of the housing bubble. The unemployment rate in Oklahoma City, where thereRead More