The post after the jump will make “What More can the Ded do?” seem disciplined, succinct and sober. update: Minds think alike, but some bloggers are more concise than others — How About Prison Then ? The USA is in a tough spot with high unemployment, a sluggish recovery and an insane majority in the […]
I’m in Kansas City, where the Royals have started the season as one would expect of the current iteration of the team. Fortunately, I’m not here for the baseball, but rather for the Kauffman Economics Bloggers Forum. There will be presentations tomorrow (agenda here; homepage for live streaming here) in three session. The morning features […]
In comments Mark Sadowski noted that short term real interest rates have fallen a lot since Ben Bernanke began announcing QE2. In earlier posts, I had considered only the 7 year constant maturity and the 5 year constant maturity series. I think that medium term real interest rates matter most for investment and that real […]
Brad DeLong culls the comments to this post at Crooked Timber to produce a “with notably rare exceptions” Greatest Hits package—his second post riffing on the original—in honor of The Maestro continuing to attempt to improve the reputations of Paul Volcker and Ben Bernanke, if not G. William (“I ran a company, I didn’t need […]
It has been asserted that many mortgage servicing contracts are inefficient, because they give the servicer incentives to foreclose even when re-negotiation would be better for the owner of the mortgage. An inefficiency is a profit opportunity. If there are such contracts, then a different contract can generate higher revenue for both the servicer and […]
This post is long, vague, sloppy and after the jump. The one sentence version is that the Fed can affect the real economy by buying assets which private investors consider risky. Before discussing useful things which I think the Fed can do to stimulate the economy, I will explain at length why I think that […]
by: Daniel BeckerThis is very important. It is a list of all we have done in the world. Go take a look. It won’t take long. I’ll wait for you to return. That we do not teach about this in our schools is why we are who we are. This list should be a banner which is […]
David Zetland at Aguanomics suggests that the problems worldwide with water for drinking and as importantly sanitation receives little attention. I like the poll on his site which suggests for the US that floods or droughts are the main driving force getting us to notice, or special interests. World Water WTF Today (March 22) is […]
Health Care Thoughts: Quality Commission PPACA (aka Obamacare) required a commission on health care quality. The interagency working group released a report late last week. A PDF of the report is here. Probably more comments after I read it in full. Tom aka Rusty Rustbelt