Homines libenter quod volunt credunt
Posted in Money on Oct 5th, 2010
From Ken Rogoff on whether gold prices might reach $10,000 per ounce: After all, medieval alchemists engaged in what we now consider an absurd search for ways to transform base metals into gold. Wouldn’t it be paradoxical, then, if financial alchemy could make an ingot of gold worth dramatically more? I’m no gold bug, but […]
Posted in Market Failures, Methodology on Oct 5th, 2010
My colleague Mark Bils has an almost infinite number of delightful thoughts about the world. Recently we were discussing ideas for undergraduate research papers and he proposed something like: Have the student go all over Rochester taking pictures and making measurements of various mailbox configurations (out in the ‘burbs all of the boxes are the […]
