Relevant and even prescient commentary on news, politics and the economy.

Greg Mankiw Gives Us Another Reason to Scream "Yours!"

I think he may believe it’s good news that the S&P 500 forward valuation (what we believe we might make next year, having nothing necessarily to do with current earnings or actual sales) has returned, approximately, to the level of 1998.* The problem, as I noted more than two years ago, is that, even ignoring […]

Michelle Malkin Will Get the Vapors When She Sees This

As a direct result of the six-Republican, one Democrat California Supreme Court’s decision last week, people who have shared everything for 21 years now get to marry. Pull quote: As a Japanese American, I am keenly mindful of the subtle and not so subtle discrimination that the law can impose. During World War II, I […]

Correlation is not Causation, but

J. C. Bradbury notes that early-season weather and home runs hit, while it is noted in comments that the decline is primarily in the American League and some suggestions on developing a model are made. (No, I’m not turning this into a baseball blog. There are purposes to these posts. All will be revealed.)

Just a distraction

25*30 = 750 104/750 = 13.9% For those more conversant in the “disincentives of enforcement” literature than I, can you back into the Rational Expectation of Enforcement Practices that would lead nearly 14% of a population to conclude it is maximizing utility? And, given your calculation, what would that say about the Management Practices of […]

Seen Scenes

Yes. This has been another version of Simple Answers to Simple Questions. Although, as some wag once noted, once is history, twice is parody, but the third time is a trend.

Did Part D Work?

Mark Duggan and Fiona Scott Morton published a paper at NBER with this general conclusion: Using data on product-specific prices and quantities sold in each year in the U.S., our findings indicate that Part D substantially lowered the average price and increased the total utilization of prescription drugs by Medicare recipients. Our results further suggest […]

Blaming the Badly Allocated for Choices Not Necessarily Their Own

Tom’s working on explaining Savings 101, so this is specifically to deal with the “issue with” retirement accounts. Via Lawrence G. Lux, we find the A.P. (and maybe the NYT) highlighting a “study” by an investment management firm that “discovers” problems with the way people manage their 401(k)s: Some of the diversification problems stemmed from […]

Semi-Tech Interlude: External Wikipedia Links

I mentioned this at Marginal Utility, but agree with rdan that it’s worth mentioning to the (somewhat larger) AngryBear readership. Kathryn Cramer has done some work with Wikipedia’s External Links tool. The results are interesting, and I suspect the more tech-savvy (or persistent) than I will be able to leverage the work. Discuss amongst yourselves.