Kids Prefer Cheese

A remarkable disruption in the force.  How anyone could understand the complex rules of threat, deterrence, and protection as "profi...

The reporters of the New York Times illustrate yet again the importance of a basic knowledge of economics.  By, yet again, showing what ha...

John Cochrane on prediction, and the slugfest . A slug in the slugfest . It would be nice if P-Kroog would write about economics.  He c...

Obama General Motors, is not doing too well. When it went public again in November 2010, the stock price was $33.00. It's around $20 to...

And it doesn't help that we get bombarded with BS on a minute by minute basis: "Tax rates were higher under Clinton than under Bu...

There are a lot of things that drive me crazy about the current practice of econometrics. People who think over-identification tests validat...

This is a truly remarkable performance .  The mindless state worship.... the condescension, the paternalism.  Breath-taking.  Here is what ...

Oh my.  Jeff Sachs has a piece in The Lancet , extolling the accomplishments of his Millenium Village Project, that is, shall we say, weak. ...

Take this one in today's WSJ for example. A scatterplot of countries average growth rate over the 41 years from 1960-2000 against thei...

The Venezuelan government is on an unsustainable treadmill. They are running a sustained inflation rate of between 25-30% per year. People c...

Progressive social media is echoing with the theme that everything would be well with the American economy were it not for the willful obstr...

New York Times has been running a series; more to come. Here is the good N. N. Taleb, on models . Not sure he has this right. And also ...

Ezra Klein has identified why the government didn't "fix" the great recession; Politics: The compromise was clean and obvio...

Man oh man. Can't anybody on these interwebs play this game ? People, the fact that the average wage in manufacturing is higher than ...

In my seminar on Growth & Development today we discussed a paper where the sample size was fairly small, around 75 observations. The aut...

Jim Bullard from the St. Louis Fed has been pilloried for his comments about what affects potential output. Noah Smith accuses him of bei...

Headline on Yahoo this morning condemning "human zoo" where indigenous people danced for tourists in exchange for food. People,...

This sentence both confused and delighted me: Many people, including me, have decided that the overclass poses the most serious threat today...

but I keep finding them! Bob Shiller continues his relentless march deeper and deeper into the NY Times Sunday Business Section, but I ferre...

In the contest for worst analogy ever, "The economy is like a farm" has GOT to be a serious contender. In today's NY Times, Bo...