by Tyler Cowen
on December 26, 2012 at 2:40 pm
in Uncategorized |
1. Review of Shiskin’s Maidenhair, and another here.
2. On-line Bryan Caplan syllabi.
3. A brief overview of Christians in the Middle East.
4. Could milk soon hit $8 a gallon? (the milk cliff)
5. Measuring the credit scores of your dates.
5 sounds like really good PR work. I bet if you go to those dating sites they will helpfully provide links to sites where you can pay a company to get your credit score.
The only way you could find out a date’s credit score is if he or she agrees to tell you, and for that matter tells you the truth. Federal law carefully restricts access to other peoples’ credit scores.
In any event, considering that we are (slowly) recovering from a deep recession, there are going to be millions of perfectly responsible people who have low credit scores.
Fascinating report, but what is the most likely equilibrium, though? Unravelling in which everyone is forced to reveal their credit scores once the persons with the best scores do so (like college transcripts), or secrecy in which no one has an incentive to defect?
“Perfectly responsible” people do not take out debt that they can repay only if the economy continues to purr along nicely. Responsible people take out debt they can afford to repay (if necessary by selling the securing collateral) even if their income plumets.
Bravo. If not for the macro effects of falling AD, I would like nothing better than for everyone who took out too much debt while assuming the economy would continue to shoot up and housing prices rise to suffer horribly from their patent irresponsibility. Being called out for credit scores below 600 hardly counts as just retribution but it’s a minor corrective in a world in which traditional shaming has been downgraded to near irrelevance.
‘“Perfectly responsible” people do not take out debt that they can repay only if the economy continues to purr along nicely.’
Not to mention responsible people never take on debt if they are going to get cancer either.
Or be crippled in a car accident.
But such responsibility only applies to individuals, of course. A number of institutions, referred to as ‘too big to fail,’ need not (and provably do not) worry about such petty concerns as taking on debt that can be repaid at all, economy purring or not.
#4 clearly shows why our Congress is just INEPT. Why did they ever leave this antiquated law on the books? One can say the same thing about a lot of other stuff as well. It’s so easy to be absolutely cynical about the future of our legislative institutions.
Its impossible to have a not-inept congress. The law is just so large, that no human being could possibly understand or know much of it.
Since this is an assorted link post. Here is some rocket awesomeness.
Some quotes from #1 that the reviewer found interesting:
The divine idea of the river is the river itself. (24)
Life is a string and death is the air. A string makes no sound without air. (150)
Yeah, Tyler’s recommendations are normally better than that (judging by the review excerpts). Of course, here he’s got plausible deniability, though.
The Caplan lectures are practically a masterpiece, btw. People should know. But I think Tyler just found out about them yesterday when Bryan tweeted them.
(4) I guess that would be the “sustainable” price everyone (esp. vegans) keeps talking about. Carry on!
Comments seem to be closed at Juan Cole’s. I thought he might reference Philip Jenkins‘ “The Lost History of Christianity” on the churches of that region.
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