It is possible to cause a huge (short term possibly reversed) increase in carbon capture by algae by dumping iron sulfate in the ocean. On the other hand, uh, well, maybe it won’t work and you will just get a few tons of fish (not many tons of carbon containing detritus on the bottom of […]
Read Brad’s post. my comment on “Milton Friedman’s redefinition of “neutral monetary policy” to mean “whatever monetary policy keeps nominal GDP on its trend growth path” led people prone to motivated reasoning in a laissez-faire direction completely and horribly astray… astonishing failure to mark one’s beliefs to market” Someone should write a book “Economic Theory: […]
Sheila Bair, who ran the FDIC during the crisis, argues against further bank bailouts. She earned great respect. One thing, which she doesn’t mention, is that she refused to let Geithner use the FDIC trust fund to bear the lower tail risk while leaving the upper tail profits to investors in Public Private Investment Partnerships. […]
I think it might be time for an update on the crudest of tiny sample reduced form analysis of fiscal policy and the current recovery. One reason for my continued interest is that there was a rather large tax cut enacted in 2017. Trump critics tend to argue that it failed to encourage investment, but […]
I think this one year old brilliant as usual post by Noah Smith is well worth another read. I googled [noah smith mud moats] when I ran into a mud moat in a comment section flame war. Click the link but I will attempt to summarize. First a very very common debating trick is to […]
This is a follow up on my post on joy and sorrow. I feel great joy at having found the ultimate abyss of idiocy, but I fear Monday, October 30, 2017 Mysterious Ways The competition for worst possible argument was provoked by the fact that former White House counsel Don McGahn told Mueller’s team that […]
Josh Marshall explains it very well here. Mueller definitely did not write that he did not find proof without reasonable doubt that the President is a criminal. I want to explain it in a way which is not so good, in fact bad, basically malicious, too petty to be evil. Mueller clearly wrote that he […]
In this post I will use revealed preference and assume people are rational. Sorry. I’m an economist and I can’t entirely resist. I will argue that our joy and suffering is bounded, that we can’t be infinitely happy or infinitely miserable. The first argument is standard, the second is something Peter Mollgaard thought of the […]
On my personal blog, I mentioned that Tom Nichols is absolutely unwilling to discuss the run up to the US/UK?Australian invasion of Iraq. He is careless about facts and expresses contempt for even considering the official conclusions drawn by Hans Blix. He will not face evidence and has total contempt for expertise. He asked me […]
This scares me I am not newly frightened by the proof that the POTUS is demented (that’s bad but it’s not news). I’m terrrified that the google adserver could tell that an ad about the warning signs of dementia was content-appropriate whenever there is a post about Trump and wind. I know that google has […]