Robert Waldmann Brad DeLong just posted a very interesting Draft Henry George lecture. It contains ideas which I haven’t found written down before by Brad or by Krugman. I strongly recommend reading it (for one thing I don’t know how to cut and paste from it). People who have read the draft lecture are invited […]

rdan Trade policy and actual trade are related but different matters. This post from last year caught my eye, partly due to the discussion on tires from China. While any blog post has to be simplified due to the nature of a short post and comment format, such discussion at times seems amazingly simplified beyond […]

It’s true that I have been a bit nastier than usual with some posts (especially this one and this one—though the latter was rather justified by preceding events, as Tom detailed.) The sight of economists who should know better saying “Ewww, tariffs” in the manner of second grade boys who think girls have “cooties” is […]

Robert Waldmann One brief question about structured finance and a possible answer. Why did investors need financial operators to make pools for them ? Now it is easier to make sense of financial intermediaries which pool than of those which pool and tranche. The obvious explanation is that an investor investing a small amount of […]

Robert Waldmann Still almost fishing from archives, but this time I think the version after the jump is maybe even less incoherant than the old version. Quite a lot of pooling and tranching has been done in the past decade. I think explanations of this fact offered by the tranchers can’t be accurate or at […]

Robert Waldmann Just to post about something other than health care reform, I will type my vague thoughts on financial regulation after the jump. Much is similar to stuff I posted when financial regulation was the hot topic. I want to take a long look at financiar regulation starting with generalities very far from possible […]

Via Brad DeLong, Eric Falkenstein praises Macroeconomics with faint damns: Macroeconomics is the triumph of hope over experience, and has been no more successful than sociology. Insulting our betters will not put economists in good stead. As Paul Krugman frequently notes, “Economics is…not quite as hard as sociology.”* But Falkenstein makes up for this lapse, […]

by Rebecca Housing demand is being propped up by government subsidies and low mortgage rates, and the level of supply is held back by low prices. Right now, the housing market is a complicated hodgepodge of policy, foreclosures, and very weary potential home-buyers. Home sales are stabilizing; home building is stabilizing; and home prices (might […]

rdan See…there are others like you. 🙂 (she wrote) Here’s the Story of the Day: Right Accessory Sometimes you just need the right accessory, she said & I said I know, sometimes it takes me an hour to pick the right head & she just ignored me.

rdan Angry Bear has evolved over time to become a magazine style publication involving a dozen or so authors of different political persuasions. These people change from time to time so the take on how we post can change to some degree and from time to time. Topics can and do include whatever each author […]