1. A saga of James Heckman; wow. Can anyone explain the line about "lurid fantasies"?
3. Obama dumps the jobs tax credit.
4. Gene Sperling, a very smart man, will advise Geithner.
Assorted links
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On 1, gotta love the Internet.
Sperling is solid as a rock. He was offered to resign from the Clinton campaign team because some of his (behind-the-scenes) budget projections were off. (I’m 85% sure that’s in the David Maraniss biography of Bill Clinton.)
Anyway, you’ve got to at least like anyone who styles themselves a “pro-growth progressive.” Too many progressives have been critical of economic growth, not realizing that this is what lifts the human race from war and savagery and zero-sum interactions to mutually beneficial exchanges.
Smart people are ten-a-penny. Is he wise?
“Both men are committed to public service over the private sector.”
Oh gag me-this kind of spin is what is driving the legacy media to oblivion.
In any case, intellect is a fine thing, but its not as dearieme pointed out, wisdom. Its also
not moral or restrained. Smart people designed the Titantic, the Third Reich, Long Term Capital
Management and Enron.
Two other things.
Isn’t anybody the slighest bit concerned about the government-entertainment complex?
Welcome to the charientocracy.
What’s the old joke about the stakes being so low? Oh, right, why are academic fights so vicious and immature…
Maybe Gene Sperling will advise Tim Geithner on how to file a correct tax return also.
What would a better way be [to incentivize businesses to employee workers]?
If we can agree that that would be a good end?
(I never know with you laissez-faire types)
Re: testosterone and trading story
It would be useful to see if the correlation between testosterone and profitable trades held up in the last half of 2007. My guess is that the correlation switched signs. Of course, it’s always going to be the case that those who take on more risk earn more money when the market goes up. What happens when the market crashes, though?
This reminds me of a study that suggests men turn over their personal investment portfolios more often than women and that those with the higher turnover have lower long-run returns.
…on Stolzenberg’s part that is.
for lurid fantasies, see 2nd post here:
http://www.econjobrumors.com/topic.php?id=1310&page=2
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