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Blogging as crack

posted to Worthwhile Canadian Initiative on Wed 8th Sep 10

Compared to other forms of writing, especially academic writing, blogging is like crack. (Not that I would know, about crack I mean).It is cheap and easy; the hits come very quickly (once Stephen had invested all the years of hard work to get this blog going
The house price fairy

posted to Worthwhile Canadian Initiative on Tue 7th Sep 10

The house price fairy visited me last night. She offered me three choices: she would instantly double all house prices; she would instantly halve all house prices; or she would leave all house prices the same."You stupid fairy!" I replied. "Don't
On the sources of Canada's recession and recovery

posted to Worthwhile Canadian Initiative on Tue 7th Sep 10

The good news from the latest National Accounts release is that real GDP has recovered its pre-recession peak. In this post, I'm going to review how the Canadian fell into recession, and how it recovered.As downturns go, this latest episode wasn't all that

The bond "bubble", and why we should be worried about it

posted to Worthwhile Canadian Initiative on Fri 27th Aug 10

In one important sense, there is a "bubble" in US government bonds, and we should be worried about it. There is always something normative in saying that the price of something is above the fundamental value, so that people are paying "too high"
Why "everyone" should be forced to take Intro Economics

posted to Worthwhile Canadian Initiative on Wed 25th Aug 10

The reason is not what you are expecting. It's because maybe if he had been forced to take Intro Economics, the 12th President of the Federal Reserve Bank of Minneapolis, who holds a PhD in Economics from the University of Chicago, who is a specialist in money
Stimulus? What stimulus?

posted to Worthwhile Canadian Initiative on Sat 5th Jun 10

Robert Reich on the risks of a 'double-dip' recession in the US:The only reason the economy isnt in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which

links for 2010-09-07

posted to Economist's View on Tue 7th Sep 10

Listening To The Bond Market -- Or Not - Paul KrugmanMaking a Market for Pollution - Scientific AmericanDon't raise the Social Security retirement age cont'd - Ezra KleinKansas City, Dallas Feds Called for Rate Increase - Real Time EconomicsThe house price
Link exchange

posted to Free exchange on Tue 7th Sep 10

TODAY'S recommended economcis writing:Money can buy happiness, but only up to $75,000 (Huffington Post)A tale of three states (Economix)It's a bad idea to regulate the art market (Felix Salmon)Cheng Siwei on China's property bubble (FT beyondbrics)Keynes' conference
links for 2010-09-06

posted to Economist's View on Mon 6th Sep 10

A Bank for Macro Models - John TaylorKeyness conference and Morgenthaus dream - Edge of the American WestRA of The Economist gets it right - Richard GreenHousing markets: Let the market crash? - Free ExchangeInterview with Germany's Finance Minister - SpiegelPlan