By Steve Roth (originally published at Evonomics) Four Definitions of Money. All Correct Money makes the world go round. That may well be true, but money certainly makes the economics world go round. It’s the discipline’s special purview, the numeric linchpin that gives economics its dominant role and voice in our affairs. It’s what makes economics seem […]
1945 and 2018 On August 6, 1945; The US dropped an atomic bomb (Little Boy) on Hiroshima destroying much of the city and instantly killing 80,000 of its citizens. 60,000 more would die later On August 6, 1945; The Enola Gay dropped the first atomic bomb ever used in military combat on Hiroshima. A second […]
Enjoy!
Mortgage rates probably have to top 5% to tip housing into a recession-leading downturn I’ve pointed out many times that, generally speaking, mortgage rates lead home sales. It’s not the only thing — demographics certainly plays an important role — but over the long term interest rates have been very important. I have run the […]
(Dan here….another one from NDd) My Weekly Indicators post is up at Seeking Alpha. The old vaudeville sketch comes to mind: “Niagara Falls. Slowly I turn. Step by step ….” Not only are these weekly posts intellectually edifying, but since clicking over and reading it puts a penny in my pocket, it is the epitome of […]
Mush versus Mush on Climate Change The very long New York Times piece on climate change politics in the 1980s by Nathaniel Rich has attracted a lot of critical commentary—justifiably. To say that the failure to achieve a political response was due to human nature, a genetic defect that prevents our species from planning ahead, is just […]
Rude Tipping How to torment the wait staff for their tip. A fun game to play on a night out with your wife or friends. The diner shared the experience on Facebook claiming his methods resulted in “the best service experienced.” Explaining at the beginning of the meal, he would place five single dollar bills […]
How to stay awake for economics!
Via Truthout: In every community, there are nonprofit charities that serve real needs: local food pantries, programs addressing the opioid crisis, the Red Cross chapters that come to our aid after a storm. Charities provide vital services to the people and places they serve. These organizations lean heavily on volunteers, fundraisers, and donors. And most […]