…own healthcare decisions. … So, if that’s where they want to label me, I’m more than happy to take the label.” AB: This comment was made about J.D Vance and…

…vaginal creams. The controversy There may be some validity to a limited change in the label of female hormone replacement products. The original study showing the potential for harm from…

…MSNBC, and others. And more, most of it indicative of a desire to have state-controlled media instead of a free press. “FCC Broadcast Accountability” came under the label of “Reform.”…

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

…bunch of people are talking about philosophy-of-macroeconomics, which I like…things like microfoundations, rational expectations, bounded rationality, learning, and untested hypotheses. This is just my kind of nerdery! Elsewhere, people are…

…assumes rational expectations. If one allows irrational exuberance and/or panics everything is much too easy — trivally easy in fact. That’s why the papers always impose rationality. I think that…

…(with the assumption of full rationality) for any policy. I view any assertion to the contrary as a personal challenge. This one is easy. Drum argues that the regulation creates…

…possible that interest rates could rise. But the problem with this argument is that it takes us away from the premise of rationality. If bond markets are fickle and arbitrary,…

…optimism is odd, and, I think, impossible to reconcile with Bayesian rationality. First. If we don’t know if distributions have thin or thick tails and the undeniably relevant data aren’t…

…is too much risk and not enough capital to absorb it, when it creates a deceptive appearance of rationality but represents irrational exuburence. Speculation is just manipulation writ smalll–since speculation…