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Category Archives: Economics
On the causes of World War I
Many times, I’ve tried to put together a brief narrative of the causes of World War I, and I invariably find (after the fact) that I’ve left something out. So here’s the latest (and, one would hope, final) attempt… * … Continue reading
Posted in Economics, History
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Are we in a liquidity trap yet?
Paul Krugman writes: Bernanke’s problem, and ours. This picture shows the target Fed funds rate, the usual tool of monetary policy; the 10-year Treasury rate; and two rates that actually matter to the private sector, the mortgage rate and the … Continue reading
Posted in Clippings, Economics
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Economics of spam
As seen on Freakonomics: Since last Wednesday, the torrent of junk e-mail coursing through the internet has been slowed dramatically, with 40 percent or more of it cut off at the source. The source of all that spam? San Jose, … Continue reading
Posted in Clippings, Economics, Technology
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Paul Krugman on the New Deal
Paul Krugman writes: Everybody’s talking new New Deal these days — and, predictably, the FDR-haters are out in force, with all the usual claims about FDR having actually made the Great Depression worse. (To the right, way back when, FDR … Continue reading
Posted in Clippings, Economics
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TED spread madness
TED spread shot to all-time high in October, and then “subsided” to the level of ordinary panic:
Posted in Economics, Finance and Investments
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Paul Krugman on Paul Krugman’s contributions
Paul Krugman writes: Really, I don’t want to talk about me when the world is melting down, but I have had a number of requests for an informal explanation of what I got you-know-what for. So here’s an attempt. It’s … Continue reading
Posted in Economics
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And this year’s Nobel in Economics goes to…
…Paul Krugman! Although I must admit that his work on currency crises, in my opinion, was more than a mere footnote to his achievements in integrating trade theory and economic geography. But then again, maybe I am reading too much … Continue reading
Posted in Economics
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On real estate and interest rates
A question from Askville: What’s the impact of the Fed’s $500B bailout on real estate and interest rate? Will my mortgage interest rate drop dramatically in the next few months? (Planning to sell and trade up a bigger home for … Continue reading
Posted in Answers, Economics, Finance and Investments
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Freakonomics wonders about American sports
Justin Wolfers writes: the real puzzle from the 2008 Olympics is why the United States is so terrible at transforming raw talent — the millions of Americans born every year — into world champion material. Moreover, the puzzle deepens once … Continue reading
Posted in Economics
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Murat Iyigun ponders trends in war and conflict
Murat Iyigun writes: The graph below shows a 10-year moving average of the number of wars and domestic conflict in continental Europe for the half millennium between 1450 and 1950. It depicts various intriguing facts, some of which have been … Continue reading
Posted in Economics, History
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