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

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What is Mitt Romney Hiding?

…how Romney encouraged him to lie to get secret information on competitors. There is, of course, the fact that Romney has funds parked in numerous tax havens and the fact…

New Keynesian Vs Keynes Challenge II

…changes but *among the same people* quite badly for small and irregular changes. This finding points to the need for refinements of models based on forward-looking expectations (like costly information

The Time I Offered to Bet $10,000

…expects to lose, it’s not a bad idea to bet against him. His information is likely better than yours, and his “tell” is showing. So when one of the salespeople,…