Monthly Archives: August 2013

What is economics good for?


Alex Rosenberg and Tyler Curtain pose this question in an op-ed for the NY Times. They are approaching this issue poorly for three reasons. First, when there is open intellectual debate between people of different ideologies (fresh water vs salt … Continue reading

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Price Inflexibility vs Recovery


Krugman cites a new paper by Antonio Fatas and Ilan Mihov that presents the case for expanding our concepts of the Business Cycle beyond simply “recession” and “healthy” – now to include a distinct “recovery” stage – because recoveries are … Continue reading

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Seeing Flows: Free-Markets, Parasitic Growth, Aquifer Depletion, and Income Inequality


Continued from this post, and, yes, all of these title concepts are tightly related… My suggestion for dealing with aquifer depletion is to develop canals that divert excessive water from the Mississippi and its tributaries (and maybe even the Great … Continue reading

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Capital and Water: Recognizing Flows And Their Properties


Related to my previous post, Brad DeLong’s take, reading several comments there, and just our listening to our society in general… We talk a lot about the failure of US students in science and math. That matters because it makes … Continue reading

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The Need for an Interstate Canal System


Brad DeLong writes about a failure to initiate a canal system to address aquifer depletion. I havn’t heard anyone talk about it before but it could end up being the most important US issue of the next 50 years… I … Continue reading

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Katy Perry, Originality, Glamour, and Money-Backed Political Threats?


So… Katy has a new single out.      But its causing some controversy (the only reason I even knew about it so soon) because it sounds a lot like Sara Bareilles song (which I never knew about, either, but listened … Continue reading

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A Heisenberg-ish Pricing Uncertainty Theorem


Krugman pokes fun at Rand Paul endorsing Milton Friedman for FED chairman, since Friedman is neither alive nor an Austrian, though many conservatives don’t realize that. Then he rips into those who believe Hayek wasn’t a liquidationist: I have, incidentally, … Continue reading

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