Monthly Archives: February 2014

Unbundling Higher Education

Jose Ferreira writes, Originally, the university bundle included courses, food, and board. Over time they’ve added more services, at first academic (extracurriculars, better libraries) and now luxury (rock-climbing walls, European-style bistros). Higher education is still trending towards increasing bundle size. … Continue reading

Posted in Economics of Education | 6 Comments

Liquidity Crisis or Solvency Crisis?

Noah Smith writes, Back in 2008, as the financial crisis was unfolding, there was a big argument as to whether the crisis was a “liquidity crisis” or a “solvency crisis”. It’s a very important distinction. A “liquidity crisis” is when … Continue reading

Posted in Uncategorized | 12 Comments

Political Religion

Joseph Bottum writes, We live in what can only be called a spiritual age, swayed by its metaphysical fears and hungers, when we imagine that our ordinary political opponents are not merely mistaken, but actually evil. When we assume that … Continue reading

Posted in Libertarian Thought | 8 Comments

Karl Smith’s Question

As reported by Tyler Cowen. Name the period or event in economic history where we looked backed and said “hmm, money was less important than we thought at the time Of course, the trend over the past fifty years has … Continue reading

Posted in Financial Crises, links to my essays, Monetary Economics, Tyler Cowen is my Favorite Blogger | 5 Comments

Lots of Megan McArdle

The video of the event on Megan McArdle’s book is here. My talk starts about 26 minutes in, but I recommend listening to her talk, which starts about 2 minutes in. If you want to watch Megan and Tyler Cowen … Continue reading

Posted in books and book reviews, Tyler Cowen is my Favorite Blogger | 6 Comments

Lots of Diane Coyle

My review of GDP: An Affectionate History is here. Overall, one arrives at a mixed verdict on GDP. On the one hand, it is the best way that we have to measure economic capability. On the other hand, because it … Continue reading

Posted in books and book reviews, Growth Causes and Consequences, Tyler Cowen is my Favorite Blogger | 8 Comments

Cable Internet: What is the Problem?

Felix Salmon writes, Americans really love their TV. They love it so much that cable-TV penetration is still substantially higher than broadband penetration. As a result, any new broadband company will not be competing against the standalone cost of broadband … Continue reading

Posted in business economics, regulation, Tyler Cowen is my Favorite Blogger | 7 Comments

More on WhatsApp

1. From Sarah Lacey. Facebook has grown into such a huge thing that we forget what the core always was: Photos. This was the reason Instagram was such a threat to its dominance. It was the next social network where … Continue reading

Posted in business economics | 7 Comments

What I’m Saying

I am a last-minute fill-in for Brink Lindsey at this event discussing the new book by Megan McArdle. The book is about failure, which is a fascinating topic. My talk should begin shortly after this post goes up. I will … Continue reading

Posted in books and book reviews, business economics | 2 Comments

Scott Sumner on the Fed Transcripts

He writes, Note that on the very day of the September 16 meeting, the meeting at which the Fed refused to cut rates due to fear of “high inflation,” the TIPS spreads were showing only 1.23% inflation over the next … Continue reading

Posted in Financial Crisis of 2008, Scott Sumner is Coherent | Comments Off