Freedom and Flourishing
Sunday, November 30, 2008
When will they stop banning things?
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Jim rang me yesterday and said he had been reading my blog and wanted to talk to me about something. So we arranged to meet. After we bought...
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Friday, November 28, 2008
What do we mean by market efficiency?
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I ran into Jim again yesterday. Actually it would be more true to say that he ambushed me. I turned a corner and there he was. After the way...
Tuesday, November 25, 2008
Can budget deficits cure the debt problem?
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When I first met Jim (that is not his real name) a few days ago he seemed like a fairly harmless businessman. But when he heard that I was a...
Saturday, November 22, 2008
What is the rate of economic growth implied by current equity prices?
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There is a standard joke among economists that equity markets have predicted about 10 of the last 5 recessions. As the joke acknowledges, eq...
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