As part of my continuing series of Analogies that Should Be on the SAT, this is what Famous Entrepreneurs do (h/t Brad DeLong): In the IBM PC era, Steve drove innovation forward with the Macintosh. This, like the Apple II, was squarely aimed at expanding the use of PCs to everyone, the “computer for the […]
by Mike Kimel Hi folks. I have to go on a bit of a hiatus. I have some work-related things that need taking care of that will require a lot of time for the foreseeable future. But I thought I’d leave you with a link to a post by Megan McArdle that I actually agree […]
Via Rusty, Centura Health uses Xtra Normal To Explain It All to You:
And, therefore, ripping off its (at least European) advertisers: The Guardian has just broken a new story about News International: Wall Street Journal circulation scam claims senior Murdoch executive: Andrew Langhoff resigns as European publishing chief after exposure of secret channels of cash to help boost sales figures. To quote a little bit of the […]
Via Doctor Black, who printed the answer but not the question: PIGNAL: This is actually the second bailout for Dexia. In 2008, it had to be bailed out after exceptionally imprudent investing, including in U.S. subprime mortgages. This time around, it was basically dealing with the legacy of the past, and it was trying to […]
Net Exports goes negative in 1973 and never recovers. One word: oil. Even the USD depreciation after the Plaza Accord (the one Martin Feldstein likes to pretend was inevitably going to happen then) can’t quite get it back to being positive. And once outsourcing industry to China hits full stride… Private Investment peaks in 2006. […]
Via Barry Rithholtz, I see that Martin Feldstein has not yet finished with his Atonement. I think I’ve posted a variation of this before, but apparently I’ll have to keep screaming, at least throught Simchat Torah (and, I suspect, beyond). Anyone have Feldstein appearances or editorials from early 2004 talking about how badly the economy […]
The Swedish Lottery at Sveriges Riksbanken reminds us that it has a sense of humor, doubling down on austerity. In other news, the Chris Sims who won is not Phil’s son.
Brad DeLong has a spat with Scott Sumner: The IS-LM model led economic historians to argue money was easy in 1929-30, because rates fell sharply. It led modern Keynesians to assume that money was easy in 2008, because rates fell sharply… Well, I would say that not just “modern Keynesians” but a lot of people […]
If your question—correctly—is “why Axelrod and Plouffe were satisfied,” then you have to think like people whose vote support came, in some significant numbers, from people who were just entering the workforce in 2008 (and who did not show up in 2010 because, having entered, they found they were unwelcome). Which means, if you’re any […]