The Homa Files

According to Business Week:

Tyler Cowen is  America’s Hottest Economist.

The George Mason University professor has written a bestseller, The Great Stagnation, keeps an influential blog, and reads way too many books. 

Cowen’s first rule of reading: You need not finish.

He takes up books with great hope and no mercy, and when he is done—sometimes after five minutes—he abandons them in public, an act he calls a “liberation.”

* * * * *

His best seller, The Great Stagnation, runs through three centuries’ worth of what Cowen calls the “low-hanging fruit” of economic growth: free land, technological breakthroughs, and smart kids waiting to be educated. For developed economies.

He argues, none of these remains to be plucked.

Yet America has built political and social institutions on the assumption of endless growth.

Cowen thinks that now that America has used up the frontier, educated all of the farm…

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Adonis Diaries

How to convert “Conventional Wisdoms” into success Freakonomics discoveries?

Conventional wisdoms are the process of flowing with what is convenient, comfortable, and comforting: They are not necessarily true in reality of life.  The smart imaginative mind has a feel of which wisdom is not true, then ask the right question, and intend to uncover the mystery in the problematic story.

Suppose the CIA calls you: It has plenty of data and it wants you to seep through the reams upon reams of data to figure out an algorithm for detecting money launderers and “terrorists”…to drone them out.

Suppose a former cyclist champion is suspicious that the current Tour de France is rife with doping, and he asks you to prove his suspicions…

Suppose a bagel salesman has gathered a lifelong data on his sales of bagel, and he wants you to have fun discovering a story behind the data…


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The Foxhole

Remember JournoList ?  It was a leftwing journalists’ email club who conspired to promote a pro-Obama agenda.  After they and their group were discovered, they quickly disbanded. 

From JournoList to activist, it appears that WaPo‘s liberal blogger Ezra Klein is once again blurring the lines between being a journalist and trying to sway politics. In what appears to be at a minimum a breach of journalism ethics, Klein spoke to a group of Senate Democratic Chiefs of Staff last Friday about the Supercommittee, just days before the Committee announced its failing. “It was kind of weird,” said a longtime Senate Democratic aide, explaining that while people “enjoyed it” and gave it “positive reviews” this sort of thing is far from typical

A longtime Washington editor who deals with Capitol Hill regularly also said this is not the norm: “”I have never heard of a reporter briefing staffers. It’s supposed…

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Livinglies's Weblog


COMBO Title and Securitization Search, Report, Documents, Analysis & CommentaryGET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE

‘Ron Suskind’s Confidence Men is not a calm first draft of history. It is not an impartial or unbiased look at the Obama administration’s first two years. Rather, it is an investigation. The crime is homicide, and the victim is the promise of Barack Obama’s presidency. But this isn’t a suspenseful whodunit. Suskind tips his hand in the first pages.”

Obama’s Flunking Economy: The Real Cause

November 24, 2011

Ezra Klein

klein_1-112411.jpgAlex Wong/Getty Images

Lawrence Summers, then director of the National Economic Council, and Treasury Secretary Timothy Geithner, Washington, D.C., December 2010

Ron Suskind’s Confidence Men is not a calm first draft of history. It is not an impartial or unbiased look at the Obama administration’s first two years. Rather…

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Artisan Economy Initiative

Friday, Feb 27 – NPR Morning Edition

Check out the Planet Money story on specialty beef jurky and an artisan spring manufacturer.  The take away (below) similar to what we concluded in Brew to Bikes  Full story here

“Even big manufacturers — like Toyota, General Electric, Dow Chemical — are focusing more of their business on custom-making products for customers willing to pay more. It’s one of the best alternatives to competing with China and other low-wage countries, which have perfected the commodity business of turning out lots and lots of identical products as cheaply as possible. Forget that model. In America, we can focus on craft. That’s where the money is, and that’s where the hope lies for American manufacturing.”

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Video Rebel's Blog

Yesterday Zero Hedge ran a story that most people will never see or really understand. Zero Hedge reported that the Russians have sold off half of their US Treasury bonds over the past year. China has been dumping their dollar holdings too but still have over a trillion dollars left. Other foreigners have been dumping their dollars too. The current US inflation rate is 12%. Ben Bernanke has been creating trillions of dollars to bail out banks in Europe, to buy worthless securities from US banks and to fund the US debt. That will accelerate inflation. Inflation will go from 12% to 15% and then 20% in less than a year. The media will no longer be able to repeat the lie that the inflation rate is only 3 1/2%. Inflation will become an issue in the 2012 races for congress, Senate and the presidency.

Accelerating inflation will force people…

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