Physics vs. Economics
Quote of the Day: “The laws of physics have met the laws of economics. And the result has been a morass that has prevented the...
Bad Medicine, part I
On Thursday, I suggested that Warren would step up to the plate and make the tough call: Buffet’s unbelievably success has been about...
OMB Watch: Disturbing Pattern Emerging on Government Budget...
I do not have a whole lot of familiarity with OMB Watch (described as a “non-partisan nonprofit”), but they raise some rather...
Terrorism Futures Market: Much Ado About the Wrong Thing
This is an early draft of a forthcoming article . . . feel free to send comments here . “The conventional wisdom holds that...
Weekend Reading
NYSE’s Corporate Governance Is Harshly Criticized in Report (requires WSJ subscription) The New York Stock Exchange is coming under...
Terror Futures Market
Quote of the Day “When I saw that article the other day about a market being established to bet on the probability of wars, terrorist...
The Danger of Dogma
About six months ago, Professor Boskin, an economist at Stanford who was chairman of the Council of Economic Advisers under...
Impatience at the Federal Reserve: The New Productivity...
Special Report: FOMC Meeting June 25, 2003 IntroductionOn June 25, 2003, the Federal Reserve announced they were cutting rates by 25...
Robotic Nation
Marshall Brain has put up an absolutely fascinating — and economically scary — piece titled Robotic Nation. After...
9/11 Report
The long awaited (and partially redacted) report on the intelligence failures prior to 9/11 is finally out. Text of the report.