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

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Remembering Black Monday

…the futures and options markets in Chicago. Although the market would decline far more between August, 2007 and March, 2009 at the front end of the Great Recession, there was…

Market Share of Economics

…power but also to see where they fail. But WHICH economics should you learn? There are many schools of thought and many theories, and I’d argue that the “market share”…

It’s the Private Debt, Stupid

…sorts of hyperventilating from the morality-based school of economics about households/consumers going on a debt-financed spending binge, especially in the 00s. And that definitely happened. With the financial industry begging…

Conflict of Interest

…American Economics Association took a big step forward this past weekend at their annual meeting in Chicago, when they voted to adopt a code of ethics to address conflicts of…

Basic Macroeconomics

economics professors wouldn’t get it right, that’s what they’ve been teaching. I would venture to guess, in fact, that a student at, say U of Chicago or George Mason University…