Tag Archives: Education

 I have my usual thoughts about inflation. People confuse levels and changes. I think this is a fundamental cognitive illusion. I think perceived inflation and the perceived effect of inflation on real incomes are based on an impressive pair of errors. 1) people estimate inflation from the price level comparing current prices to prices they remember and consider reasonable. As noted by Krugman and Nate Silver, this is not necessarily an error. It...

Another add-on from yesterday as to why people should take precautionary actions when confronted with a pandemic such as Covid-19, the flu, or other contagions. There was much resistance to taking precautionary measures under the guise of a freedom to do what they wish to do mentality. Thousands of people paid with their lives after contracting Covid-19. Many of them decided they did not need to take any precautionary actions. Masks, social...

When you are in the land of Ohio and the OSC decides. About a year and a half ago, in a ruling striking down the Ohio state version of Chevron deference, the conservative majority on the state supreme court noted that “text should be given its contemporaneous and customary meaning.” Yesterday, in a 4-3 opinion, the conservative justices decided that “boneless wings” can have bones in them. Welcome to Buffalo Wildly Deadly Wings! Michael...

 – by New Deal democrat Over the weekend Harvard econ professor Jason Furman suggested that the Fed funds rate is not very restrictive: “As inflation has come down the real Federal funds rate has risen and is now the most restrictive it has been this cycle, a point that Austin Goolsbee has emphasized a number of times . . . That is not the way I would look at it. The rates that matter for the economy are long rates. and expected inflation...

We are not going to get much time to know VP Kamela Harris. I took the liberty of copying word for word what The Copper Courier (independent news) had to offer about her background just today. It covers quite a bit. Hopefully, this will give you some background to base any feelings negative or positive about her. Of course, I knew more about Joe Biden. He was relentless on not offering any type of relief for student loans as a Senator. Many of...

When I was in junior high, most girls took home economics and most boys took shop. What I recall hearing about home ec is that it taught some cooking and sewing skills, and how to shop for food. It may have also taught how to balance a checkbook. I ended up learning those things on my own.Kevin Drum has a post over at jabberwocking.com summarizing a recent bill in California requiring a class in financial literacy for all high school students. Read...

The latest news? Do not drink.A shot of anything is generally 1.50 fluid ounces, which is 41.7 grams. Whiskey can range in proof, starting at 80 proof. Simple math and using 80 proof whisky (40% alcohol) yields 16.68 grams of alcohol. I am going to guess Bourbon is similar. I got tired of reading the NYT article which is also on Yahoo and printed twice in the same column. I do not have leeway to current NYT articles. This JAMA Network Open study...

Drones are changing warfare. They are cheap and deadly. I am thinking about their use in stopping a marine invasion. The reason is that I am concerned that it is not clear enough to Xi JinPing that an invasion of Taiwan would be a huge error. The problem with anti-ship drones is that they are attacking a target with anti-aircraft defences and one which can survive some explosions. I think this means that a very large number of drones must...

It’s all about the words . . . by Steve Roth Originally Published at Wealth Economics This article was first published on Cameron Murray’s great Fresh Economic Thinking. It’s slightly revised here. Maybe I’m just dense, but when I started studying economics roughly twenty years ago, I immediately ran into a bunch of basic concepts that just didn’t make sense to me. It was mostly a problem with economists’ words. They have different,...

I put much of this short article in up just to make the point, “we had no basis for what we were doing. And wat we did promote was not a cure. It was preventive actions on droplets within six feet rather than a plan to limit exposure to an aerosol spread of Covid. The article make that point. And Ms. Greene makes a fool of herself. ~~~~~~~~ COVID taught us a lot for future pandemics. Attacking Fauci doesn’t make us safer. by Dr. Ashish K....