February 7, 2010

Stumbling Chris notes that, unusually, productivity has fallen sharply in the UK during the recession, and works through various possible explanations without really hitting on anything. He wonders if real-business-cycle theorists might have a point, and the recession be triggered by a real underlying fall in productivity. In the comments, I suggested that if there…

Read More in which we accidentally rediscover Kondratiev

This has done the rounds and been roundly done for all the right reasons. There is almost nothing the Obama administration does regarding terrorism that makes me feel safer. Whether it is guaranteeing captured terrorists that they will not be waterboarded, reciting terrorists their rights, or the legally meandering and confusing rule that some terrorists…

Read More Authoritarianism Does Its Thing