Money and Finance
- Taleb On Skin In The Game
Nassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper (with Constantine Sandis) on the morality and effectiveness of "skin in the game." When decision makers have skin in the game--when they share in the costs and benefits...
- The Absolute Return Letter - November 2012: The Era Of Kakistocracy
We are now five years into a crisis that just doesn't want to go away. Policy makers continue to throw whatever policy tools they have at the crisis. Meanwhile, investor anxiety about the inflationary implications of such policy moves continues to...
- The House That Uncle Sam Built: The Untold Story Of The Great Recession Of 2008 – By Steven Horwitz & Peter Boettke
Thanks to Mike G. for passing this along. The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what the best nonpartisan...
- Hussman Weekly Market Comment: We're Speaking Japanese Without Knowing It
If one seeks analysis about the recent financial crisis, and what most probably lies ahead, it would be wise to place particular weight on the views of economists who saw it coming (and ideally those who provided careful analysis rather than hyperbole)....
- Protecting Your Income
The global economy still isn't back on its own feet as central banks are continuing to prop up the economy by printing more money. It seems like for the past few years all you've heard on the financial news is how the economy could slip into...
Money and Finance
Trying to Tame the Unknowable – By Greg Mankiw
THE economy is recovering, in baby steps, from the financial crisis and deep recession of 2008 and 2009. A big question still looms on the horizon: What can policy makers do to prevent this kind of thing from happening again?
Perhaps the best place to start is to acknowledge what we cannot do. If recent events have taught economists and policy makers anything, it is the need for humility.
One thing we cannot do very well is forecast the economy. The recent crisis and recession caught most economists flat-footed. This is nothing new. We have never been good at foretelling the future, but when the news is favorable, others forgive our lack of prescience.
- Taleb On Skin In The Game
Nassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper (with Constantine Sandis) on the morality and effectiveness of "skin in the game." When decision makers have skin in the game--when they share in the costs and benefits...
- The Absolute Return Letter - November 2012: The Era Of Kakistocracy
We are now five years into a crisis that just doesn't want to go away. Policy makers continue to throw whatever policy tools they have at the crisis. Meanwhile, investor anxiety about the inflationary implications of such policy moves continues to...
- The House That Uncle Sam Built: The Untold Story Of The Great Recession Of 2008 – By Steven Horwitz & Peter Boettke
Thanks to Mike G. for passing this along. The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what the best nonpartisan...
- Hussman Weekly Market Comment: We're Speaking Japanese Without Knowing It
If one seeks analysis about the recent financial crisis, and what most probably lies ahead, it would be wise to place particular weight on the views of economists who saw it coming (and ideally those who provided careful analysis rather than hyperbole)....
- Protecting Your Income
The global economy still isn't back on its own feet as central banks are continuing to prop up the economy by printing more money. It seems like for the past few years all you've heard on the financial news is how the economy could slip into...