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    Commentary, Economics /

    Thoughts on The Ethics Of Economics

    October 24, 2011

    Allow me to offer an ill tempered tirade: Medicine has its famous injunction: first do no harm. Economics ought to abide by that rule too. It is a massive evasion of responsibility for the profession to continue to plod along as if a few hundred more earnest papers will do the trick. They won’t. The […]

    Commentary, Economics /

    The State of Everything

    October 20, 2011

    I have been mightily diverted by technological and personal matters recently and so am struggling to catch up. As I do so one theme has stood out: exhaustion. We are exhausted. Morally, intellectually, politically, and every other way. We seem to have fought our way into a state of enforced lassitude within which we can […]

    Economics / bailouts, bank reform, banking, Gene Fama /

    Break Up The Banks

    October 20, 2011

    Before they break us up. Again. I have stayed away from discussing the banks in recent months largely because I consider the solution to our banking problems to be self evident. They’re too big. Make them smaller. Arcane debates over capital ratios, naked CDS prohibitions and other bureaucratic responses are all small fry and akin […]

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