Homines libenter quod volunt credunt
Posted in You Can't Have it Both Ways on Feb 8th, 2012
I have always been bother by monetary policy for the simple fact that it seems that effective monetary policy in a fiat system with a central bank monopoly on the production of base money relies almost exclusively on managing expectations. That sounds innocuous until you realize that really it is a fancy way of saying […]
Posted in Uncategorized on Jan 29th, 2012
This is how I thought news magazine pieces used to be written. If you can spare 20 minutes, please do read Adam Davidson’s outstanding Atlantic piece on modern manufacturing in America. It’s not just about manufacturing (or really much about it). It demonstrates a solid and nuanced understanding of economics, and should be the starting […]