Monthly Archives: April 2013

David Brooks on Detachment

Read the entire column. An excerpt: These days most writers land on the engaged side of the continuum. Look at most think tanks. They used to look like detached quasi universities; now some are more like rapid response teams for … Continue reading

Posted in David Brooks, Three-Axes Model | 1 Comment

Administrative Note

I have several trips coming up, and I am not of the “have blog, will travel” school. So be prepared for only intermittent posting and neglectful comment moderating for the next five weeks

Posted in Blog and Comment policy and philosophy | Comments Off

Wesley Mouch Update

Veronique de Rugy writes, In 2009, Fisker received a $529 million federal loan from the Department of Energy’s ATVM program. According to the New York Times, two years after receiving the loans, the company repeatedly missed production targets and other … Continue reading

Posted in business economics, energy and the environment, public choice | 3 Comments

Unwanted Care

Jonathan Rauch writes, Unwanted treatment is American medicine’s dark continent. No one knows its extent, and few people want to talk about it. The U.S. medical system was built to treat anything that might be treatable, at any stage of … Continue reading

Posted in Economics of Health Care | 1 Comment

Interesting Paper on the STEM labor force

From Hal Salzman, Daniel Kuehn, and B. Lindsay Lowell. It covers a lot of ground, but I was struck by the education/employment disconnect. [1] For every two students that U.S. colleges graduate with STEM degrees, only one is hired into … Continue reading

Posted in Economics of Education, Tyler Cowen is my Favorite Blogger | 11 Comments

Against Home Borrowership

Dean Baker writes, If homebuyers knew that they had to put down 20 percent to get a lower cost mortgage, then they would be more likely to have a 20 percent down payment than in a context where this was … Continue reading

Posted in Housing and housing finance, Mark Thoma is Indispensable | 8 Comments


That sums up my post-mortem on the hearing today. You can watch a replay here. The witness testimony begins about 1/5 of the way through, and I am the last witness, so I start about 23 percent of the way … Continue reading

Posted in Housing and housing finance, public choice | 8 Comments

More Trouble for Risk Weights

From Viral V. Acharya, Robert Engle, and Diane Pierret. Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the solvency condition of financial firms in adverse macroeconomic scenarios. We provide a … Continue reading

Posted in Financial Crises | Comments Off

Type I errors, Type II errors, and Congress

The Wall Street Journal reports, Lawmakers of both parties questioned Sunday whether law-enforcement officials did enough to monitor the activities of suspected Boston Marathon bomber Tamerlan Tsarnaev before last week’s terrorist attack, given his apparent extremist beliefs. The failure to … Continue reading

Posted in Housing and housing finance, statistical methods | 3 Comments

This is Too Much

Jared Bernstein writes, had R&R gone through the peer-review process, I’m fairly confident that a) the spreadsheet error would NOT have been found, but b) the paper would have been sent back to them for failing to provide even a … Continue reading

Posted in Mark Thoma is Indispensable, statistical methods | 10 Comments