Via Brad DeLong, Eric Falkenstein praises Macroeconomics with faint damns: Macroeconomics is the triumph of hope over experience, and has been no more successful than sociology. Insulting our betters will not put economists in good stead. As Paul Krugman frequently notes, “Economics is…not quite as hard as sociology.”* But Falkenstein makes up for this lapse, […]
by Rebecca Housing demand is being propped up by government subsidies and low mortgage rates, and the level of supply is held back by low prices. Right now, the housing market is a complicated hodgepodge of policy, foreclosures, and very weary potential home-buyers. Home sales are stabilizing; home building is stabilizing; and home prices (might […]
rdan See…there are others like you. 🙂 (she wrote) Here’s the Story of the Day: Right Accessory Sometimes you just need the right accessory, she said & I said I know, sometimes it takes me an hour to pick the right head & she just ignored me.
rdan Angry Bear has evolved over time to become a magazine style publication involving a dozen or so authors of different political persuasions. These people change from time to time so the take on how we post can change to some degree and from time to time. Topics can and do include whatever each author […]
By Noni Mausa Courtesy of Science News, here, we find that mental disorders are actually under-diagnosed, rather than the other way around. Rates of common mental disorders double up Depression, anxiety and substance abuse may affect many more people than previously thoughtBy Bruce Bower Thursday, September 17th, 2009 Some mental disorders aren’t merely common—they’re the […]
by Bruce Webb The Amendments Are In — All 543 of Them The Friday 5 p.m. deadline has passed for filing amendments to the health care legislation in the Senate Finance Committee, and aides to Senator Max Baucus have finished tallying them: 543 in all, from both Democrats and Republicans. Senator John D. Rockefeller IV […]
Brad DeLong finds the quote that tells you everything you need to know about the origins of the Neoconservative Movement: Among the core social scientists around The Public Interest there were no economists….The task…was to create a new majority, which evidently would mean a conservative majority, which came to mean, in turn, a Republican majority… […]
Robert Waldmann “Nobody else gets hurt if you buy a lousy mortgage pool,” Cochrane said. “The government doesn’t need to write a new rule every time someone buys a rotten tomato. Investors will demand the right amount of transparency, complexity, and risk-sharing – or monitoring of mortgage pools – unless they all get bailed out […]