Monthly Archives: September 2012

Can We Run Economic Experiments in Video Games?

It’s a question I’ve been thinking about for a while. Brad Plumer has a write-up of the current state of the (virtual?) field in the Washington Post. Here’s the summary: Just as video game designers are in dire need of … Continue reading

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Are The Robots Taking Our Jobs?

There is a sandwich and custard manufacturer near me. They recently posted this to their company’s Facebook feed: Did you know that Nielsen’s Frozen Custard has less fat and fewer calories than premium ice cream? It’s our special patented machine … Continue reading

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Never Reason From a Price Change

This is a very useful saying and reminds us all that we can very rarely look at the reduced-form equation. We need to look at the whole system of equations. Scott Sumner discusses some other things we shouldn’t reason from … Continue reading

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A Camp in NY

A fun writeup in the WSJ about a lake house in New York. I especially enjoyed this bit: Even when they are working, they wear bathing suits all day in the summer. They make a daily trip to the store … Continue reading

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The 90% Boundary

John Cochrane discusses a new paper by Reinhart and Rogoff called Public Debt Overhang. He makes some good points but this is my favorite: And clearly, debt by itself doesn’t matter — it’s how debt leads to other economic events … Continue reading

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GOLD!

Lots and lots of people like to point to the rise in the price of gold as evidence that inflation is just around the corner, if not already here. (I don’t know why the increasing price of gold indicates inflation … Continue reading

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Industrial Revival in the U.S.?

The Financial Times thinks so. And it won’t come about because of any silly 0% manufacturing tax or other distortionary government policy. It will be because of the same thing as always: production costs and the ability to get your … Continue reading

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