BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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"...we may be in the painful process of completing the transition brought about by Internet communications."
Looking forward to it. I'm hoping that my daughters won't be forced to make a daily commute, and I might even work a few years longer if I could do most of it from a home office. Its possible now, just not traditional.
Looking forward to your comments on the pro-cyclicality of financial institutions. It does seem weird that the insurance company has to be able to pay for a house burning down after it just paid for the house burning down.
Well, the combination of minimum capital standards with the mark to marketing rule in accounting does seem to be very procyclical. Was this what you had in mind?
He is a bit more optimistic than I am. I agree things are changing, but the biggest change I see is that consumer spending can no longer remain at 70% of GDP. The reason is that 70% consumer spending requires continued borrowing to keep the economy going at that level. The main thing, though, is to keep in mind that we are not going back to the way things were.
I've been wondering if this isn't what's happening with health care costs. Maybe health care is going to be the replacement for manufacturing as manufacturing replaced farming?
Granted, the various intermediaries add to the cost, but I doubt they add as much as the difference between 'you have 6 months to live, put your affairs in order' and 'you'll spend 3 months in the hospital, then another 3 months of therapy, and you'll probably live another decade'.
In the first link, I got to the third paragraph, under 'Too Big To Fail':
Oh, yes – you must insist.
How 'bout instead, you make a public announcement that from this point, forever more, no one will be safe from failure; not for size, nor any other reason. That should keep the financial firms dancing a little further apart at the next party.
With office rental increasing, it doesn't make much sense to have a physical office. I believe the future of most businesses will be virtual and leveraging off using a virtual office space.