The Virginia Governor’s Race I rarely talk directly about specific political races, but I live in Virginia where in less than a week there will be the most closely watched election in the nation for governor. It is very close, and the Republican, Ed Gillespie, might well win, even though his Dem opponent, Ralph Northam, […]
Paul Krugman finds intuition for the calculations of Jennifer Gravelle difficult. Now even more than usually, you really have to click this link to know what I am typing about. My comment. yes that intuition is difficult. I have an attempt. So 1% of GDP is tradable. Also consumption and total production fixed. Mars cuts […]
Barzani Out, Puigdemont In Belgium It seems that the two recent independence referenda have largely collapsed. One was in Iraqi Kurdistan, with President Massound Barzani having it done with the eye that it would give him leverage in negotiations with the Iraqi central government. That did not work, with the referendum triggering the central government […]