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
Grade Inflation
[DRAFT] There have recently been a number of articles discussing grade inflation. 1. Grade inflation is asymmetric across disciplines 2. Grade inflation is asymmetric across collegesRead More
The Debt Limit
Summary: Obama offered a deficit reduction deal that is to the right of most Republicans, and the House Republicans rejected it. Something is wrong inRead More
Keynes on Economics
From his introduction to D.H. Robertson’s Money: The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It isRead More
International Trade
Just a short thought on this issue. Ian Fletcher says (accessed from huffingtonpost): “So forget helping starving children in Africa this way [through trade]. They’reRead More
A new type of graph
[DRAFT] Introducing the Dan Chart (ok, that name won’t fly. The Dart? Darts fly!), or to name it descriptively, the aligned stacked bar chart. i have hadRead More
The State of Macro Theory
The first half of David Friedman’s post (Ideas: The Living Dead: Thoughts on Macro and Depressions) contains a good explanation of the current state of macroRead More