April 3rd, 2009

The Demand for McMansions

If you’re new here, you may want to subscribe to my RSS feed or email alerts. Thanks for visiting!Balloon Juice blames HGTV for the housing crisis:
How many episodes of House Hunters or Property Virgins or whatever the show du jour was at the time did they have with twenty-somethings, just out of college, touring [...]

March 7th, 2009

Loony Idea of the Month – Going Galt

Conservatives in the U.S. right now are intellectually bankrupt. Case in point – going Galt – to protest against tax increases for people earning more than 250,000. It sounds lofty in theory but none of them are following by actually “going Galt”. Conservatism needs a bailout from these morons.

November 20th, 2008

The Beg 3 and Politics

It is raining bailouts and after the $700 billion largesse for the financial industry almost every industry is knocking on the Capitol doors asking for a similar handout. Turn on the TV and you seen countless arguments for or against the bailout for the auto companies or as they are/were popularly know, the Big 3 [...]

October 13th, 2008

Krugman wins Nobel in Economics

Paul Krugman, an economics professor at Princeton University and a much-admired Op-Ed columnist for The New York Times especially in these times of economic crisis has won the Nobel Prize in Economics. His work on international trade and economic geography earned him this honor.

July 7th, 2008

No More Mao

China has dropped the image of Chairman Mao Zedong from its new currency possibly signaling an end of Communist economic policies; political freedom still remains a dream though.

June 3rd, 2008

Blame it on the Purple Money

When your economy is in trouble, blame the design of your currency. I can’t believe this moron blogs for the National Review.

October 31st, 2007

Inequality blamed on Technology

“Technological progress alone explains almost all of the increase in inequality from the early 1980s,” says not your ignorant hack but the IMF (PDF link). See those poor people, throw away your iPhone now!

October 7th, 2007

Tyranny of the Market

“For a generation, influential economists have argued for letting the market decide a wide array of questions, to protect your freedom to choose whatever you want. This is true—if everyone agrees with you.” Joel Waldfogel, in his new book, The Tyranny of the Market: Why You Can’t Always Get What You Want explains why we [...]

March 9th, 2007

Answer this question, Mr. Kamal Nath

Via Gaurav’s Vantage Point, I came across this excellent snippet of CNBC India wherein the reporter grilled the Indian commerce minister, Kamal Nath. As Gaurav mentioned, the reporter is well aware of common (yet uncommon) economic principles and uses them to grill Kamal Nath. The minister is an educated man too and probably is letting [...]

November 17th, 2006

Money makes you selfish?

Just the mere thought of money can turn a person selfish, so that he helps others less often and prefers to play alone, a new study shows. In a series of nine experiments, researchers found that money enhanced people’s motivation to achieve their own goals and degraded their behavior toward others. The concept of money, [...]


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