Assorted links

by on October 29, 2011 at 5:26 pm in Uncategorized | Permalink

1. Resolution of Fairfax legal case, hat tip Yana.

2. Resolution of New Hampshire legal case, or how to keep tenure.

3. Penelope Trunk Home School blog.

4. The cure or the disease?

5. Can expectations be frustrated?, Interfluidity on NGDP targeting, and Scott Sumner’s response.

Ram October 29, 2011 at 6:09 pm
Ram October 29, 2011 at 6:44 pm

First link seems to not work for me, try this: http://www.youtube.com/watch?v=RdeT0C7_3GM

NAME REDACTED October 29, 2011 at 7:16 pm

NGDP path targeting will work for about at most 30 years, then it too will be arbitraged away.

NAME REDACTED October 29, 2011 at 7:50 pm

…Maybe sooner…
Either way the only sustainable system is free market banking.

y81 October 29, 2011 at 8:20 pm

2. If you ever wondered why no one takes professors seriously, or pays much attention to what they have to say, this is a perfect example.

Today I read a couple jackass professors, right and left, complaining about the NYC police. Whatever their political perspective, who could take them seriously?

dearieme October 29, 2011 at 8:49 pm

” …the professor’s crime, exposing himself to a woman and her daughter in a parking lot…”: if the ladies exposed to his willy-waggling were members of the University, it’s legit to sack him. If they weren’t, though, it’s trickier. I suppose you could study the sentences handed out locally for w-w: if they imply that the local judges reckon it’s pretty small beer, the Uni should do likewise.

y81 October 29, 2011 at 9:13 pm

Wouldn’t the test be whether professionals in other fields–investment bankers, corporate officers, law firm partners–are commonly fired for criminal convictions of this nature? Unless your theory is that a professor is more like a bartender or a plumber in terms of prestige and moral heft.

RPM October 29, 2011 at 11:39 pm

I think you meant to type, “The culture that is Fairfax, Va.”

Matt October 30, 2011 at 12:44 am

The NGDP idea seems to be really catching on. A premise of this view must be that a central bank can determine the rate of inflation almost as precisely as if it was adjusting a nob on some machine. A non-rhetorical question: have advocates provided historical evidence that this is the case? Have they provided evidence that it is possible not only in temperate macroeconomic conditions but also in conditions of extreme volatility and uncertainty (e.g. will the euro exist in 2014?) and accelerating and unsustainable public debt?

Cliff October 30, 2011 at 9:17 pm

Doesn’t an NGDP futures contract solve that?

Matthew C. October 30, 2011 at 10:45 am

I just love hearing all these “free market” and “libertarian” types describing their preferred regime of socialist central planning of the money supply.

When this idiotic contraption of fiat money printing and debt collapses in the near future, gold (and, probably, silver as well) will pick up the pieces and move forward with a sustainable, instead of Soviet, financial system.

NAME REDACTED October 30, 2011 at 5:05 pm

+1
Central planning in money is a terrible idea. Competition in currency would alleviate that somewhat. Switzerland for example has two currencies which helps stabilize their economy.

Right Wing-nut October 30, 2011 at 7:18 pm

Re: #3. Be sure to read her entry http://blog.penelopetrunk.com/2008/06/10/the-hardest-part-of-my-job-is-that-everyone-lies-about-parenting/ as a wonderful rebuttal of some of the “women are failing their countrymen if they don’t work outside the home” tripe I’ve seen here recently.

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