Thursday, June 4, 2009

Not In My Back Yard!

I don't want seniors coming to my community, driving up real estate prices, inflating health care costs, and driving 18 miles per hour in a 35 zone (for the love of god, it's the skinny pedal on the right, granny!). Go to India! It's low-rent, good care, and apparently 'In India they really like older people.'

Macroeconomists' dirty secret

The first six or seven paragraphs and the last 2 or 3 are pretty interesting. I don't think I buy the crap in the middle about racism and chauvinism holding together the era of shared prosperity. But, it is the cato institute, so what do you expect them to do? Blame Reago-Bush-onomics? 

Macroeconomists' dirty secret

How bout this. Interesting how Levitt talks about a dearth of macro data for testing current macro models. But here's a dirty little secret: most current macro models cannot be tested empirically because they are founded on Walrasian equilibrium concepts, which, at least as of the time I was in grad school just a few years ago, could not be identified econometrically.

Anyone want to put my name on their AER paper?

Saw this today. If anyone out there has bonuses for getting your papers in top fivers like the ones here, and wants to put my name on their submissions to AER, I'd probably willing to pay the $7,000 shadow price of a deadbeat co-author implied here.

Wednesday, June 3, 2009