Friday, October 31, 2014
Thursday Roundup, 10/30/2014
I'm running out of cowgirl pictures that aren't family-friendly...
Me on BV
1. Perhaps you have forgotten that China is big. If so, I am here to remind you.
2. Why I'm not worried about all the papers about data mining and p-hacking.
3. Niall Ferguson continues not to be a serious or trustworthy public intellectual on matters of monetary economics.
From Around the Econ Blogosphere
1. Scott Sumner lavishes praise on Matt Yglesias. Sumner is a passionate man - he loves as he hates, without reservation.
2. Paul Krugman says important and necessary things about the ideological war against infrastructure investment, but fails to mention America's huge cost problem.
3. Here's why we use log returns, courtesy of Ren & Stimpy.
4. Alex "The Rock" Tabarrok has good news on the U.S. patent[ly f***ed up] system.
5. The left-right political axis is actually just a made-up piece of B.S.! Astonishing. But you're still all a bunch of right-wing nutjobs, FYI.
6. Cool Campbell Harvey paper about backtesting trading strategies. God, I hope there aren't people out there trading on strategies with a backtest t-statistic of 2.01...OK I'm kidding, no amount of silliness in the finance industry would ever surprise me.
7. Tony Yates reminds us that all of the models where we assume some simple passive behavior for (fiscal, monetary) policy and then examine the effects of (monetary, fiscal) policy are basically missing the point.
8. Jim Hamilton says that Saudi Arabia isn't likely to cut oil production to boost prices.
9. John Cochrane has taken up the Neo-Fisherian banner! Low interest rates cause deflation!