Loud Penis
You did not know this.
And you did not even know that you did not know that.
But now you know.
(Nod to Tommy the Brit)
Labels: animal stories, institutions matter
Credibly promising to be irresponsible...since 2004!
You did not know this.
Labels: animal stories, institutions matter
"Q: Will Transformers: Dark of the Moon serve any purpose for society? A: After watching Transformers: Dark of the Moon, even the most hardened of patriots will finally understand why the terrorists hate us...Q: Should I see Transformers: Dark of the Moon? A: Probably not, but you will anyway. And you will leave the theater a less intelligent human being, but you will also leave slightly happier." [Mike Ryan, Vanity Fair]
Labels: computer games, vintage violence
Labels: big uncles, music, sad songs are the best songs
We have two sons. They are both alive and well. A lot of people have lost sons, or daughters, whom they will mourn today, and every day for the rest of their lives. Because our troops are fighting three wars, and doing a lot of other things they were asked to do.
(Todd Heisler, photographer)
(Todd Heisler, again)This is more than a month old, but some interesting stuff. For instance, I did not know that Eddie Murphy's brother Rich sang the refrain of the rap song. (The CSPAN show is an hour long. So it's probably only for real fans...)
Labels: free market videos, Russ Roberts is a deity, television
Hey, who told you that you could use that sunscreen, kid!?
Labels: I'm from the government and I'm here to help you, tell me about your drugs
Wow. There are two stories.
Labels: the french will eat anything, the rule of law is a mighty thin reed
Closer to home, Hugo Chavez and his Axis of Anklebiters are descending towards farce. The economic success of Chile and Brazil cuts the ground out from under the "Bolivarean" caudillos. They may strut and prance on the stage, appear with Fidel on TV and draw a crowd by attacking the Yanquis, but the dream of uniting South America into a great anticapitalist, anti-U.S. bloc is as dead as Che Guevara
Labels: Monroe Doctrine, so you think you can prance, tell me how you really feel
Wow!
Labels: John Law, this is a bad business
N. Sarkozy gets grabbed by some random idiot.
The Whitest Man on Earth talks about the Broken Window Fallacy.
Labels: broken window, where's Freddie Bastiat when you really need him?, white people are everywhere
An old country preacher had a teenage son, and it was getting time the boy should give some thought to choosing a profession. Like many young Men his age, the boy didn't really know what he wanted to do, and he didn't seem too concerned about it. One day, while the boy was away at school, his father decided to try an experiment. He went into the boy's room and placed on his study table four objects.
Labels: Congress, humor, Now yer talkin'
Markets on a (Computer) Chip? New Perspectives on Economic Calculation
Labels: institutions matter, markets
A remarkably bad experience with Delta.
Labels: air travel, that just ain't right
From my talk today at the Locke Foundation. (Big props to my man, Mitch Kokai)
Labels: I'm from the government and I'm here to help you, jobs
So, "he jumped the shark" means to go way, WAY too far in the direction of doing something stupid, for a show or activity that has long outlived its "dispose by" date.
Labels: be careful what you ask for, the interwebs
Article about libertarian identification rising.
Labels: Libertarian Party, political theatre
"There is still a sufficiently low real interest rate that would produce recovery, but it’s a rate that’s hard to achieve."
Labels: modern macro, the Fed doesn't work in mysterious ways
I am not an airplane snob. I've flown Rwanda Air Express, MadAir (the national airline of Madagascar), along with bush planes in Guatemala, Mexico, Tanzania, Costa Rica, and Peru (when our charter pilot in Peru went out of business between our outbound and inbound flight we got a ride from the Peruvian air force!).
Labels: air travel, development, property rights
I was pleased to see that the NYT actually had reverted, if briefly, to being a newspaper instead of a hack mouthpiece for the Obama regime.

Labels: energy, environment, good times, peak consumption
Man Robert Frank is ON FIRE in his Economic View column. The whole thing is 16 paragraphs, but in grafs 6-12 Bob lays out how we can get "more than 7 million" new jobs by the end of 2012.
Labels: i'll have what he's having, macro is harder than that, Now yer talkin'
You know that God damned road seemed like it went forever
Labels: be careful what you ask for, poetry, so proud of Oklahoma
Here is a picture of Michelle Obama, who according to the AP is "participating in youth activities raising awareness for HIV prevention". Sadly, no further details were given.
PS: I like Michelle's tribute to Michael Jordan!Labels: tell me about your drugs, the lord works in mysterious ways
Ignacio, a loyal KPC reader from Chile, passed me a great article about politics in Argentina, which I will loosely translate here:
Labels: elections, inside the sausage factory, Monroe Doctrine
I am often skeptical of claims of racial bias when someone is obviously being a jerk.

Labels: air travel, race
The revolution might not be televised, but the hostage-taking will be Facebooked!
Labels: crime and punishment, populism, social media
"what if Poland had agreed in 1939 to join Germany in an invasion of the Soviet Union, as Hitler wanted? If Poland had allied with Germany rather than resisting, Britain and France would not have issued territorial guarantees to Poland, and would not have had their casus belli in September 1939. It is hard to imagine that Britain and France would have declared war on Germany and Poland in order to save the Soviet Union. If Poland’s armies had joined with Germany’s, the starting line for the invasion would have been farther east than it was in June 1941, and Japan might have joined in, which would have forced some of the Red Army divisions that defended Moscow to remain in the Far East. Moscow might have been attained. In this scenario, there is no Molotov-Ribbentrop pact, and thus no alienation of Japan from Germany. In that case, no Pearl Harbor, and no American involvement. What World War II becomes is a German-Polish-Japanese victory over the Soviet Union. That, by the way, was precisely the scenario that Stalin feared."
Labels: addition by subtraction, history, war
Several people have guessed they might have been a lucky winner.
Labels: classic KPC, just win baby
The 20th time (here's the whole list) Russ Roberts has been kind enough to let me jabber. I really enjoyed this one, a very interesting discussion about my idea of "Euvoluntary Exchange." (The paper has finally come out... Here is the gated version. Happy to share if you email me.)
Labels: podcasts, Russ Roberts is a deity, that explains everything
People, we've seen this movie before. Greece is Argentina II.
Labels: bankruptcy, exchange rates, macro is hard but not THAT hard
Well, a million at least.

Labels: absolutely fabulous
The "Keil Institute for the World Economy" gave its "Global Economy Prize" this year to......
Labels: agreeing to disagree, economics is hard but not that hard, we are so screwed
This story got me thinking: is the stereotype about women drivers correct, in terms of central tendency? Obviously many men are too aggressive, and are far more likely to cause accidents, than women. But, still... women drive differently, right?
People, I am not a programming genius by any stretch of the imagination. That said, I've done work with a variety of co-authors (Mark Perry, Mrs. Angus, Rodolfo Cermeno, Olan Henry & Nilss Olekalns ) where we write our own code to estimate multivariate GARCH in mean models, which so far are not available as pre-programmed packages in STATA or EVIEWS or SAS.
Labels: academic politics, agreeing to disagree, applied statistics, ask and ye shall receive?
Hey. Do you know what is the favorite food of people that live in India?
Labels: a bit short of the 10 thousand hour mark, aaaarrrrrggggghhhhh, and a baguette shall set you free
...to be living in America.
Labels: big fun, music, tell me about your drugs
The Senate voted today 73 - 27 to eliminate the federal subsidy for domestic ethanol AND eliminate the $0.54 per gallon tariff on imported ethanol!
Start with a group of elderly activist moms who helped end Argentina's dirty war, then toss in some political opportunism and payback. Add in a pinch of patricide.
Labels: ask and ye shall receive, inside the sausage factory, Monroe Doctrine
No, it's not that each one has an uncle in the Beach Boys!
Labels: arbitrage in a basketball economy, she blinded me with science
So, President Obama went on the TODAY SHOW.


Labels: economic growth, productivity
It looks like KPC will beat "Fight of the Century" to 1,000,000 hits!
Ice cream store in Columbia, MO makes ice cream using boiled, sugared cicadas.
Labels: food, regulation
"Heavy users of Twitter, as Weiner used to be (he hasn’t posted since June 1), play a complicated strategy game. Like World of Warcraft and Halo, Twitter is a massively multiplayer online role-playing game, but with higher real-world stakes. It is grounded in the first principles of game theory, including variations on the Prisoner’s Dilemma. You have to give to get; you have to get to give. Managing these ratios — deciding how much of your attention to expend to win attention to yourself, say — is the lion’s share of the Twitter action...Twitter handsomely rewards those with a capacity for risk and an aptitude for the social sciences, especially economics, game theory, psychology and sociology...In the days immediately after the Weiner revelations, according to the statisticians at TweetCongress, posts by Republicans went down 27 percent, while posts from Democrats dropped 29 percent." [Virginia Heffernan, NYT op-ed]
Interesting talk at dinner the other night about friendship. What does it mean, how do you tell, and how do Germans and Americans differ in their understanding of the meaning, obligations, and limits of friendship.
Labels: financial regulation, Philadelphia







Labels: a big slice of awesome, animal stories, travel
T.G. is the man. He felt moved to defend the honor of Erlangen, after reading about the "Worst Mexican Restaurant in the World" incident.
Labels: deutschlandiana, food, Mexico
And wound up drinking all night. I blame Martin. Will post about Mexican restaurant soon, though.
. Amazing view.
Labels: bergkirchweih, music
So, Erlangen is never like this, EXCEPT during Berg. Then your Bavarian getaway is exactly like this.
Labels: bergkirchweih, deutschlandiana
I did this podcast (or, some of what I said made up a small part of the podcast) with CBC.
Labels: economics is hard, sports
So, frequent commenter and KPC BFF Martin and I had spent nearly 4 hours at a table at Berg, eating the chocolates that Der Geist (Scrounger forever) demanded I open and drinking mass biers (Maßkrüge). (By "mass biers" I don't mean many, or Spanish for more, I mean 1 liter bier glasses, which are different from bier goggles).
Labels: bergkirchweih, cars, deutschlandiana, WWAD?
(Update: This did come from a public speech. The laughter/applause is real, though of course undeserved. It is on YouTube; just click on bottom right of the embedded image, or use this link...
Yesterday I claimed that the behavior of the US economy in our current recovery is, contra Matt Ygelesias, "mysterious", in that we have not seen the common "v-shape" or recovery to the original trend.
Labels: business cycles, labor markets, macro is hard
Sometimes ya gotta do what ya gotta do. Was trying to avoid it.
Labels: political theatre
Matty Y has put up a mysterious blog post called "The non-mystery of the recession".
Labels: a bit short of the 10 thousand hour mark, macro is harder than that
Just after midnight in Munich. Tremendous doner durum for dinner, then a variety of locally brewed malt beverages. Nonetheless, I am over here watching my boy Ben Powell. And you should watch, too.
Labels: just trade baby, labor markets
for managing to publish an article with the amazing title of "Nazis, Pollution, & No Sex" in the American Behavioral Scientist.
Labels: absolutely fabulous, always look for the union label, deutschlandiana
For a long time, I've wanted to canoe down the Zambezi river among the hippos and other riverine creatures, but Mrs. Angus wants no part of it. The closest I've gotten so far is the pontoon boat ride down the the Kazinga channel, a 30 km "river"which connects lakes George and Albert in the northern part of Queen Elizabeth park as seen in this aerial photo:

Labels: animal stories, big fun, travel
A 21,000 square foot one stop shop for growing the chronic, complete with an on-site doctor to get you signed up for using medical marijuana has just opened up in Phoenix.
Labels: gettin' er done, herb, let your people go
Labels: an appreciation, animal stories, big fun
Anthony Davies. Not sure about some of those graphs, as "proof" about min wage increasing unemployment. But a good video for a general audience.
Labels: free market videos
Get to Munich at 7:30 am on Tuesday, staying at the Conrad Hotel de Ville on Schillerstrasse, right by the Hauptbahnhoff.
Labels: deutschlandiana
So, German police are flummoxed. (I write this in the air, using GoGo wifi, heading for Munich). A law written for male flashers requires that the flasher be visibly sexually aroused before the crime can be prosecuted.
Labels: Andre the Giant, deutschlandiana
What is it with the French and taking responsibility? Jeez, DSK goes after the chambermaid, and all the French hoity toits fall over themselves blaming the woman.
Labels: air travel, that just ain't right
Mrs. A and I have returned from two weeks in Uganda. It was a fantastic trip. We saw and did so much, I'm still kind of trying to process it all (and get over the jet lag).
Labels: a bit short of the 10 thousand hour mark, aaaarrrrrggggghhhhh, air travel
Refreshing honesty from one of the commissars in the dark hierarchy of the education-industrial complex. Article in the N&O today, by UNC Ed School Dean Bill McDiarmid. Please do read it.
Labels: education, union thuggery