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“L” is for Lumberjack

Pick up Daron Acemoglu’s outstanding textbook “Introduction to Modern Growth” and open it randomly to any page.  There before you will be a few lines of text scattered amongst a variety of mathematical equations of varying density, complexity, and inscrutability.  It really is a wonderful book and pulls together all the wisdom existing in economics […]

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Trussed or Bust?

Ten seconds. Oh, maybe fifteen. That’s how long it takes to realize that there will be no change. Not, at least, if the morning’s op-ed in the Financial Times is to be believed.  Written by Kwasi Kwarteng the article is, I assume, an effort to anticipate potential critics and to set forth the outline of […]

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Tax Stock Buybacks?

Taking a short break from my crusade to get information taken more seriously in economics … Yesterday’s Financial Times includes, on page 9 of the print edition, one of its regular “Market Insights” columns.  This is the space the FT allocates to sundry financial market types to opine on subjects of general interest to other financial […]

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