“Whilst economists dozed”

Originally posted on Monday, February 13th, 2012 “Whilst economists dozed, the academic dream of a hundred years, doffing its cap and gown, clad in paper rags, has crept into the real world by means of the bad fairies–always so much more potent than the...

Why Tie to Gold? Why Not 1982 Bordeaux?

Originally posted on Tuesday, February 7th, 2012 Why tie to gold? why not 1982 Bordeaux?  So asks Prof. Richard Thaler. As Ezra Klein, one of the Washington Post’s resident propagandists shows cognizance in Wonkblog: the University of Chicago remains hostile to...