One of the lessons from the November U.S. election and the June Brexit vote is that our ability to predict future events is fraught with error, even if the underlying data is relatively sound. National polls were roughly in line with the final U.S. popular vote (with geographical differences) yet a lot of the analysis […]
Way back in 1968 (before many of you readers were born) when Robert Shiller was still getting his Master’s at MIT, a man named James Tobin published a rationalization for market valuation with his partner William Brainard. Tobin was an Economist of the Keynesian variety, and a supporter of Government intervention to spur economic growth. […]
A collection of links and thank yous to carnivals and good stories from the week.