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Dallas Fed Discovers Mean-Reversion, Fails To Mention Bubble
The PhD-waving geniuses at the Fed have glanced up from their mathematical models and analytical brilliance and (re)discovered an age-old economic phenomenon: Reversion to the mean. Prices for assets tend to return to "normal" patterns [...]
Reaction to FCC’S “Net Neutrality” Coup
John Fund, the astute Wall Street Journal columnist, wrote an excellent piece on the FCC's misleadingly named "net neutrality" action yesterday, which is the administration's first step in taking over the internet. According to Fund: [...]
Is Global Warming Hysteria Fading?
As I write this, I’m inspired by an unusual rock that sits on the desk beside my computer. It’s unusual in two ways. One, it looks like a chunk of wood, with clear layers formed [...]
What’s Really Wrong With Quantitative Easing?
Here are a few thumbnails; share them with your friends. It makes no sense at all to be paid a few dollars for a day's work when hundreds of billions of those very same dollars [...]