…Catalan government and imposed direct central rule. Puigdemont has fled to the Flemish part of Belgium where he has been given asylum. So, it looks like this independence referendum has…

…that allows you to sleep at night and not worry about your future. One rule of thumb I set for myself way back 25 years ago when I first got…

…changed. In the models, agents switch based on the past performance of the two forecasting rules. Hands are waved so that all don’t switch at the same time and people…

…fairness here is the TL:DR version: Advocates of free trade and globalization were taken aback a week ago by the assumption by China’s President Xi Jinping of rule for life….

…prophecy is a sunspot equilibrium not irrationality. However, it does seem possible to rule out bad possibilities with rules. Economies used to have bank runs. Now they don’t because there…

…with the issuance of a rule by the Food and Drug Administration that requires livestock owners to get veterinary approval for administering antibiotics, with the criterion that the purpose has…

…discussion about the longstanding poverty problem in southern Italy, long labeled “the Mezzogiorno problem.” Mezzogiorno literally means midday or noon, but has long been applied to southern Italy because it…

…and aluminum tariffs. The standard rule-of-thumb for converting tariff increases into economic losses is: [0.5*(t/(1+t))^2*m*e]. Here, t is the percentage tariff, m is the share of imports in the nation’s…

…a military totalitarian state?” As it turns out, the ascent was gradual but inexorable result of a system built on a military version of the Hastert rule. A great book…

…It’s just using the word money very carefully, as defined here. Starting with the big picture: You can compare the magnitude of these asset-creation mechanisms here. (Hint: cap gains rule.)…