An interesting article in The Times about the ongoing political scandal in Romania. I agree with the part of “dizzying heights of absurdity“. The rest is not impartial. → Read more
Category: Romania
Prediction Markets: when in Romania?
I cannot but agree with the main idea of the recent statement on the prediction markets (you can download the PDF free of charge via SSRN, once you make an account with them), signed by a bunch of top economists, including 4 Nobelists.
→ Read more Quote of the week 6th to 12th of May ’07
Ceea ce mă nelinişteşte este usurinţa cu care anormalitatea capată în viaţa noastră o aparenţă de normalitate. Odată mai mult, îmi spun că important nu este ce face istoria din noi, important este ce facem noi cu ceea ce face istoria din noi.
→ Read more Chapeau bas, inca o data! Cred ca e chapeau^4
Desi a facut si oaresicare prostii inextricabile (pe care prefer- let me rephrase: am un strong preference – sa nu le discut) care la un moment dat m-au determinat sa ma intreb daca plusurile sale nu au fost decat variatii de la o medie dominant-mediocra, sunt fericit sa descopar ca Darius Groza e categoric pe calea cea buna (alternativ, in cel mai rau caz, “dezvoltarea” sa poate fi descrisa printr-o miscare browniana cu un drift pozitiv :-)).
→ Read more Fun with Rogoff and Wolfowitz. And hedging against a (Presidential) change, in general
Amid all the scandal around the World Bank boss, Paul Wolfowitz and his (required/demanded/expected, by most) would or would not-be resignation, here’s a very recent leaked memo from him to his staff (Ken Rogoff has been rather careless and leaked it to the press :-)).
→ Read more