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Interesting Correlations to GDP

I found a really interesting econometric paper via a blog I follow. It looks at one factor related to a country’s GDP that is apparently pretty significant. I know most of you just zoned out, but you really should read the following excerpt from the paper’s abstract: This paper explores the link between economic development and […]

Keynes vs Hayek

This is really entertaining. And really educational. It’s a summary of the debate between two pretty different schools of economic thought. I love rap. And the ending is so appropriate.

Health Care Proposals

I totally agree with Dr Miron.

If Only We Had Listened

There’s a really good article by Greg Mankiw in the New York Times on Sunday: The Day When the Debt Comes Due. If only we had listened before 2026.

Resolving Externalities

This is super funny. Click to enlarge. A perfect demonstration of Coase Theorem in economics. Basically if there are no transaction costs in the presence of externalities then an efficient outcome can be reached by bargaining/trading. I’ve been thinking recently that I need to go discuss Coase Theorem with my downstairs neighbors. I’m sure I […]

Amen, Brother

Econ 110 in 3 Minutes

Whether you need a review of Economics 110 or you have never taken it and want a crash course, here’s a great resource.

Insurance 101

I read an article written by several highly respected people in economics and health care published in The Wall Street Journal today on several aspects of the health care reform that I have thought a fair amount about. I quite agree with what they wrote and recommend reading it. I want to expand on some […]

Suspicious Semantics

President Obama was interviewed by 5 different networks over the weekend. Here is one short segment of one interview that I found interesting. It’s a short conversation between George Stephanopoulos and President Obama about new taxation that is in the current health care reform bill. You can also read the text of the conversation from […]

A Shift in Political Perspective

The last couple of weeks I haven’t spent as much time following the health care debate as I would like. I did listen to President Obama’s speach tonight and then I spent some time doing some research about what I’ve missed in the last few weeks. There was one particular paragraph on Keith Hennessey’s blog […]