Weapons of mass destruction

Hello everyone – I hope that each of you had a relaxing and rejuvenating weekend! I typically don’t like to write about politics because it is typically beyond the scope of the blog. I really only feel qualified to comment when political issues touch on...

December’s unemployment report

Happy Friday to everyone! I wanted to comment on Friday’s announcement of December ’08 unemployment figures. The absolute number of jobs lost was 524,000. Those lost jobs caused the unemployment rate to jump up to 7.2%, a 16-year high. In addition the...

In to intuition

I wanted to comment about the story from yesterday’s Wall Street Journal that I excerpted here on the blog. Namely, I wanted to highlight the fact that the author of the story has an implicit mistrust of intuition. This is a continual source of frustration for...

"Why we keep falling for financial scams"

Hello again, There is a fairly good article in Monday’s Wall Street Journal called, “Why We Keep Falling For Financial Scams.” I wanted to excerpt a portion of the piece written by Stephen Greenspan (no relation to Alan) as a form of public service....

Forum failing

The Wall Street Journal reported today about the proceedings of the American Economic Association from this past weekend. The article was entitled, “Experts’ Rx on How to Get Out of This Mess.” The story quoted 11 eminent economists as to their...

Idiot Russian professor

You may have seen the story that has been running in the Wall Street Journal for the last week or so about a Russian college professor, ex-KGB, that has been predicting the demise of the United States by 2010. He has been making these predictions since 1998. This has...