Mark's review of Michael Lewis's The Big Short: Inside the Doomsday Machine sounds interesting. I generally find finance and economics difficult to read about, but I may give the book a go.From the sound of it, the author and I seem to have a couple of similar arguments about what is wrong with the efficient market. One premise I like to start with is that efficient … [Read more...] about Windy Investments
The Big Short, and a Modest Proposal
To my co-blogger Ken: I haven't seen you in a while, so we haven't had time to talk about any of the usual stuff, therefore I'm taking this opportunity to submit a modest proposal for your consideration. As you know, one of the areas where we disagree about economics issues is the subject of the efficient market hypothesis. I tend to believe those economists who say that the … [Read more...] about The Big Short, and a Modest Proposal
Registration Folly
All the way from Suffolk County, New York, I now present the newest trick for the legislature that has solved all other problems, the animal abuser registry: Suffolk County has officially become the first county in the nation to pass a bill to establish a public animal abuser registry. Authored by the legislature's majority leader, Jon Cooper, D-Lloyd Harbor, the … [Read more...] about Registration Folly
Tea Party Ethos Up in Smoke
Attorney General Eric Holder has announced, as expected, that the Department of Justice will not let Proposition 19, which would legalize marijuana in California, stop them from waging the War on Drugs Which Are Less Harmful Than Alcohol and Nicotine in their never ending effort to fill up prisons across the nation. I expected that response from the … [Read more...] about Tea Party Ethos Up in Smoke
Mother Nature is a Cold Hearted Bitch
I'm guessing that many of you don't know this, but 2010 was named The Year of Biodiversity by the UN sometime before the year began. I am hoping, though, that you at least know what biodiversity is. When asked to define biodiversity, a recent survey in England, a country known to be more environmentally aware than the US, the number one answer was "some kind of … [Read more...] about Mother Nature is a Cold Hearted Bitch