… and I’ll come back to the theme of the title soon (there are many reasons for the title, beyond what this short post will touch on), with an alternative, you’ve always got to have an alternative when you criticise… But meanwhile, if The Diplomat is right in this article (via Gabi Istrate, on Ad Astra), the MEdC signed itself up (in an apparent total ignorance, which is a proxy to a far more serious sin– and this is a real sin!–
→ Read more Author: Sebi Buhai
Salivating over economics in public
Definitely the morning pill today. Couldn’t have phrased this better. From a self-defined “Ec10 slut” and necessarily via Greg Mankiw :-). The conclusion of this short article is useful to keep in mind as future reference, for everybody– both outsiders and insiders to economics:
→ Read moreWhen we use the tools that economics give us, we need to be sure that the complexity of the models we use match the complexity of the real world situations.
Today’s song: Semilla Negra (in Marlango’s version)
The musical masterpiece for today is “Semilla Negra”, in Marlango’s rendition. Probably you know that the song was first introduced by the popular pop-rock Spanish band of the 80’s, “Radio Futura“.
→ Read more Econlinks for 13-12-’07
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An article by James Surowiecki on the subprime crisis and the “band-aid” Paulson (partial), J.P. Morgan-like, solution. This while Greenspan thinks the bubble should first break on its own (and certainly differs here from Martin Feldstein, who advocates for a fast, two-act intervention, see my previous post on that)
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Here’s a very interesting post of Andrew Gelman (based on this co-authored article of his) on whether the Democrats should move, as an electoral strategy, more to the left on the economic policy axis.
CFR
You’ll be glad to know that the acronym in the title does not actually stand for “Complete Fucking Rubbish” 🙂 . And there I ultimately agree with Andy :-), though, as can be read from his extremely funny (though I guess he was not laughing while on the described trip…) report, things can (should!
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