Thomas Sargent and Christopher Sims did the work that earned them the Nobel Prize in economics in their years in Minnesota. But, like their former colleague Ed Prescott, who won in 2004, Sims and Sargent moved on to greener fields…
How do ideas at GOP debate play out? It’s mixed
In contrast to historical debates like those between Abraham Lincoln and Stephen Douglas in 1858, little in-depth exposition of ideas ever takes place in a modern U.S. campaign debate. However, Tuesday night’s debate in New Hampshire among Republican presidential contenders…
What is good for Wall Street is not necessarily good for our country or the world
What is good for Wall Street is not necessarily good for our country or the world. That is obvious to many people after the events since 2007, but it doesn’t keep Wall Streeters from making self-serving arguments about how society…
We oppose regulations – but we make exceptions here and there
Human nature is such that while people may oppose something in the abstract, they like specific instances of it. For example, polls show that many people disdain Congress as a whole but still like their representative. Similarly, many oppose government…