This is too good not to be mentioned: Alan Neff in the Washington Post on the automated bailout hotline.
Via Greg Mankiw, who is—obviously— pretty pissed off with the recent massive bailout proposal. → Read more
Category: economics
The phrase of the day
→ Read moreThanks goodness we bailed out Bear Stearns back in March if we hadn’t we might have lost Fannie Mae and Freddie Mac, Lehman Brothers, Merrill Lynch and who knows what else.
The next thing is to inquire whether the saints are listening…
The empirical conclusion from this analysis is important. A little prayer does no good and may make things worse. Much prayer helps a lot.
If Jim Heckman says that, it’s gotta be true. → Read more
Econlinks this week
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Interesting article (via Tyler Cowen, on MR) on the economics of the late Alexander Solzhenitsyn, by C. Bohanon (written a while ago). The recent obituary for him in The Economist seems to openly ignore some of the conclusions emerging from Bohanon’s analysis…
Quantifying artistic value
This is about a very interesting, though quite controversial at the same time, project of David Galenson, economic historian at the University of Chicago: quantifying 20th century artwork based on market and visual citations.
→ Read more