Dr. Black starts digging into the question why so many Georgia-based banks fail. The picture painted isn’t pretty: The review also contains a photo of a planned 238 townhouse project that the bank financed for $5.6 million in 2007 even as the real estate market was softening. By September 2008 about three quarters of the […]

Wired offers pictures of tricked out electric vehicles. Muscle car readers age 80 86 years old! You know who you are.

rdan Reader donald sent this note for consideration: Sunday night while slogging back up to Burlington from Hartford, CT (460 miles round trip as it turns out) we were listening to NPR. I didn’t think to make a note of what show, but it was discussing health care and brought up a point I wasn’t […]

rdan This American Psychological Association study is a follow up to Robert’s Wobegone economics post. Taken from comments by reader rd. The abstract is quoted: People tend to hold overly favorable views of their abilities in many social and intellectual domains. The authors suggest that this overestimation occurs, in part, because people who are unskilled […]

by Linda Beale(cross posted from ataxingmatter) (Rdan: The link worth noting is Susan Altmeyer’s…the Journal opinion is simply misleading) Link worth noting : Wall St.Journal and Golf Carts Tax Prof noted the Wall Street Journal editorial titled Cash for Clubbers(Oct. 17, 2009), which suggests that “thanks to President Obama’s stimulus plan”, the government is now […]

rdan Dean Baker suggests some action in the form of a demonstration at the Chicago Bankers Association meeting October 25-26, 2009. Yves at Naked Capistalism recommends going, and Slate open forum contains comments. Several readers who live in the region have indicated they will be going. Perhaps we will get reports. Do you think they […]

Robert Waldmann The average person thinks he has higher than average intelligence. This is an empirical fact [citation needed]. It is not incorporated into standard finance theory, but it matters a lot. It has been argued that the high volume of transactions on financial markets can be understood easily. If two people with equal quality […]

By Spencer In 1971 when Nixon imposed price controls he did not do it because the on-going domestic inflation rate was about to accelerate. Rather, he imposed price controls because he expected the planned dollar devaluation to be very inflationary. But his actions just reflected the economic consensus that the dollar devaluation would be highly […]