This seems important

Posted February 5, 2010 by gh1f
Categories: Uncategorized

How much do IQ tests at age 4 predict the outcomes of IQ tests later in life?  Not much, it turns out:

http://geniusblog.davidshenk.com/2010/02/the-myth-of-the-meritocracy.html

I wish I knew more.

Agony

Posted February 2, 2010 by gh1f
Categories: Uncategorized

is trying to get the wirelss music system to work without constant dropouts.

I feel like I am listening to a skipping 8-track.

It’s the spending, not the deficit

Posted January 27, 2010 by gh1f
Categories: Uncategorized

More or less why the magic stimulus is not so magic…with charts.

economix

A liquidity crisis, not a solvency crisis?

Posted January 25, 2010 by gh1f
Categories: Uncategorized

I am not sure (financial times link)

It was the collateral calls not the underlying values that killed AIG.  We aren’t going to know what really happened for a while.

A thoughtful essay

Posted January 23, 2010 by gh1f
Categories: Uncategorized

about economics.

Solow on Cassidy

Note where Professor Solow tells us the calculations are not done.  As an example: there is no clear and operational definition of ‘systemic risk’  yet.

I agree

Posted January 21, 2010 by gh1f
Categories: Uncategorized

Make some rules. Charge an insurance premium (or tax) for too big to fail financial institutions.  I would prefer that there were no too-big-to-fail financial institutions, though I suspect that’s impossible.

But don’t call the tax something like paying back TARP.  How many people will that fool?  Calling the tax TARP repayment may remind us that we used TARP to bail out GM and Chrysler.

Tom Cooley on the bank tax.

RIP Kate McGarrigle

Posted January 19, 2010 by gh1f
Categories: Uncategorized

One of my favorite records from that time: