Globally-Coordinated Fiscal Stimulus:
Setser on the AIG Bailout: CDS enabled institutions worldwide to shed risk…onto a single point-failure source: AIG.
Bread & Circuses, Price Controls Edition: TANSTAAFL
Former Marine / Ex-Marine: A columnist using the latter term gets more than he bargained for….
Nanocups: “Light-bending metamaterial could lead to superlenses, invisibility cloaks.”
Truth Machine Watch: Not sure this is yet ready for prime-time, but still interesting….
Limits to Offshoring: Of course, I still think tariffs are a good idea….
Overrated TALF & Quantitative Easing: Failure of the former may lead to more of the latter.
Wolfram Alpha: AKA Google for Factual Questions
Shovel Ready vs. Bureaucracy: Hence my support for liberalizing procurement rules (as was done w/ the I-35W rebuilding) on stimulus-funded infrastructure spending.
Crisis Causes: He misses the political popularity of “broadening homeownership” as a possible reason for why regulators failed to crack down on the overallocation of capital to housing; but otherwise, a pretty good analysis.
Dark Energy & Colossal Voids
“Cosmologists may not actually need to invoke exotic forms of energy [to explain why the universe appears to be expanding at an accelerated rate]. If we live in an emptier-than-average region of space, then the cosmic expansion rate varies with position, which could be mistaken for a variation in time, or acceleration.” It’d be interesting if the notion of “dark energy” was merely the result of category error resulting from the Copernican principle….
Altruism, Punishment, & Cheaters
“Because selfishness undermines altruism, altruists certainly have an incentive to punish cheaters—a widespread behavior pattern known as altruistic punishment. But cheaters, Eldakar realized, also have reason to punish cheaters…: a group with too many cheaters does not have enough altruists to exploit….”
QE & Competitive Devaluation
Despite the absence of the global coordination WRT monetary stimulus (which would be ideal), the mechanism of competitive devaluations could nevertheless produce in worldwide inflation & monetary stimulus.
Technology & Women’s Lib
“Fridges and washing machines liberated women” – I wonder what the feminists think….
“…close attention to “text and history” leads to progressive results…conservative renditions of original meaning have been too cramped. […] If a commitment to originalism means anything, however, it should mean letting the chips fall where they may with respect to results.”
A development all originalists should welcome.
Origins of Consciousness:
Tanta on Mortgage Fraud
Constantly Progressive Taxation