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    Economics / Case-Shiller Index, economic theory, Fama, Shiller /

    The Fama Quasi-Nobel: Posthumous Award for EMH?

    October 14, 2013

    They’re kidding, right? Nope. They mean it. What’s really weird is that he splits the award with Robert Shiller and some guy called Hansen who is an econometrician and thus unintelligible and largely irrelevant to sensible discussion of the economy. Back to Fama and Shiller: there are a few ways to deal with this. Take […]

    Commentary /

    The End Is Nigh Redux

    October 11, 2013

    Recently I wrote that the end is nigh for Reaganism. This week’s absurd shenanigans in Washington bolster that position. This is why: I see the crisis of 2007/2008 as being the logical product of three to four decades of sustained “Reaganism”. That is a mixture of deregulatory, free market style economics, pro-business positions on just about […]

    Commentary / austerity, fiscal cliff, government spending, Republicans /

    Negotiation Boehner Style

    October 10, 2013

    Goes like this: I won’t shoot the hostage today. I will give you six extra weeks to meet my demands. Then I’ll shoot the hostage. Seriously. That’s it. What is the point of fudging around with the debt ceiling for six measly weeks. To allow “negotiations”? Negotiate what? It turns out to the negotiation is […]

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