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

You searched for: label/Steve Randy Waldman

Is Scott Sumner Reality Based ?

Scott Sumner wrote If pressed, Keynesians will usually point to real interest rates as the right measure of monetary ease or tightness. By that criterion the Fed adopted an ultra-tight…

Here’s what’s missing from reports that “[t]he FCC just passed sweeping new rules to protect your online privacy” by a 3-2 vote: That the three who voted for the Rule are Democrats and that the two who voted against it are Republicans. And that the president’s party gets the majority of board members, from which the chairman is selected.

Federal regulators have approved unprecedented new rules to ensure broadband providers do not abuse their customers’ app usage and browsing history, mobile location data and other sensitive personal information generated…

Wealth and Antisocial Behavior: Reverse Causality?

…is a constant background murmur in our society that says that greater wealth has to be a reward for more talent, more effort or more contribution to society. When Steve

The 2012 Version of a Very Old Joke

…Thrilled this was working so well, James tried again. “Steve, what’s your IQ?” “51.” “Lucy, what’s your IQ?” “49.” “You two should probably talk,” James said. Lucy turned to Steve,…

I dare to disagree with Nate Silver

Robert Waldmann Nate Silver, like essentially all election handycappers, ignores internal polls — polls financed by one of the candidates or by the party of one of the candidates. Unusally,…