http://www.huffingtonpost.com/jeffrey-sachs/the-geithner-summers-plan_b_183499.html
Wednesday, April 8, 2009
Tuesday, April 7, 2009
From Greg Mankiw's Blog...
Here is a visual of what economists called the Ricardian equivalence hypothesis.
Monday, April 6, 2009
At Augusta...
I am at the Master's today for the practice round. That's my friend J.R. Pelletier from Montreal next to me. The green to the 13th hole is behind us. One of the greatest holes in all of golf, it has 1500 azalea bushes the length of the hole. Thus the name of the hole is...Azalea. It is worth it just to come here to see the course. TV does it no justice. When you see the terrain of hole ten with your own eyes, you don't have to wonder why you came here. This is the second year in a row I have won the lottery for practice tickets. Hmmmm...The Kentucky Derby is May 2.
Saturday, April 4, 2009
1985 Final Four...Lexington, KY...Villanova vs. Georgetown...so many years ago.
Yes, that's me alright, in grad school. I'm with some dude at the liquor store who had to use a hand truck to take all the soda pop I had bought out to my car for the weekend festivities. I won tickets to both the Saturday and Monday games in a student lottery. The University of KY was given 1500 tickets as the host and the Administration raffled off 500 to the students. My number got pulled. I still remember that final game. The look on the faces of the Georgetown people I am sure is still there. Utter shock and disbelief. Back then smoking was still allowed in the seating area of Rupp Arena. Some guy next to me was lighting one cigarette off the other and looked worried. I asked him if he was nervous. He said "yes, I have Georgetown and I am worried they are not going to cover the number." Cover the number? Poor guy left the game and was about in tears. Horse race gambling rule #2: If you can't take the losses, don't bet.
Friday, April 3, 2009
Amity Shlaes and The Forgotten Man
I was invited to attend a conference last Monday at the Council on Foreign Relations in New York with the theme being "A Second Look at the New Deal". The author of the book The Forgotten Man, Amity Shlaes, asked me if I would come and you don't turn down invitations like that. Anyone with any interest in the New Deal and the history of the Great Depression should put this book on their reading list. Amity Shlaes really makes the history come alive as she tells it through the eyes of the participants in real time. I read the whole 383 pages of text in less than 2.5 days. Any student of this period should not miss it. And thanks a lot for thinking of me Amity.
Dr. Rothman's place in the sun.
From my colleague and massively helpful friend to the blog Phil Rothman.
http://gregmankiw.blogspot.com/2009/03/wanna-bet-some-of-that-nobel-money.html
Thursday, April 2, 2009
Wednesday, April 1, 2009
APRIL FOOL'S
I CAN'T BELIEVE HOW I GOT ALL OF YOU! TEE HEE HEE.
Look what one loyal viewer wrote to me early this morning...
"No more blog huh? The Gestapo spoke… for some reason this truly upsets me. How can an institution of higher learning, whom is encouraging our future leaders to have free thoughts try to quell one's rights to freedom of speech.
Please send me someone's name and address/email that I can send a letter to. I am pis*ed!"
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