- Rob Dunbar explains climate change through cores drilled into an Antarctic iceshelf.
- Arnold Kling reconsiders macroeconomics (with booms, busts, unemployment, etc.) by using labor/comparative advantage instead of the usual alchemy of money supply, animal spirits, AD/AS, etc.
- Ten things you're not allowed to say at Davos (mostly things that call attention the rich and powerful people there who do not suffer from policies that they implement). Along similar lines, Simon Johnson (ex-IMF economist and current critic of mega-banks and bailouts) clarifies that the Davos crowd is too
eliteprivileged and protected to know what's happening in the real world.
- Thoughts on the internet, the information deluge and distractions (an update on this post).
- Visualizing
Obama'sthe government's drop-in-the-bucket budget cuts:
15 February 2011
Anything but water
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2 comments:
Great idea for a video, but didn't the administration propose $100 billion in cuts, rather than $100 million?
@Daniel -- sorry, but I thought that video was an UPDATE on the older version (that I had posted before), but now I see that it IS the older version. Oh well. Now $100 billion would be big, even in a $3.5 trillion budget (damn, I had to go to wikipedia for that number; .gov sites seem to shy away from mentioning the top line!), but it's still only 3% AND I bet that it's not in one year. Politicians seem to like using "cuts over the next five years" in the same way as they say "temporary tax cut" which they intend to be permanent but would look fiscally reckless if their permanent impacts were known...
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