Budget Fog and Budget Clarity

by on May 23, 2017

On a clear day we can dream of being free from the farce and incompetence that is Trump. Meanhwile back in reality ...

The Trump [more…]

That’s a Tax Plan?

by on April 27, 2017

Well, no, it isn't. It's a draft of a sketch of an outline of a synopsis of what a tax plan might look like were [more…]

A Naive Framework For Understanding Change

by on January 12, 2017

A few days ago I added a copy of a framework I use to the end of an article. Some of you have asked for [more…]

Tectonics and Growth

by on January 4, 2017

My wife is reading Kahneman's "Thinking Fast and Slow", somewhere in which he relates his reaction when he first came across the bedrock of mainstream [more…]

The Market Turn

by on January 2, 2017

I am going to be writing an extensive review of Avner Offer and Gabriel Söderberg's excellent book: "The Nobel Factor" in the near future. Meanwhile [more…]

Gordon, McCloskey and Growing Pains

by on May 31, 2016

I try to take my own advice: when you have nothing to say, don't say anything. Thus, for the best part of a month I [more…]


by on October 27, 2014

I will keep this short: I have been taken aback by all the talk about the apparent onset of something called secular stagnation. Today's Financial [more…]

History Lessons

by on March 17, 2014

History repeats itself. Cliche. Truth. Or, perhaps, we repeat history. That seems to be the lesson I am learning as I continue to delve into [more…]

Distribution and All That

by on January 23, 2014

Rumor has it that Obama's next State of The Union address will focus heavily on inequality which has become quite a vogue issue in some [more…]

Does it Matter?

by on January 7, 2014

To some people there are signs that 2014 will be a better year than 2013 for the economy. Not much better perhaps, but better. Perhaps. [more…]