Tuesday assorted links

by  Tyler Cowen

1. How much did the modern mortgage support the baby boom?

2. “Over the 2008-2016 period, the global cycle phase, the North accounts for 68% of Southern [bond] spreads’ fluctuations. Over the whole 1994-2024 period, however, Northern shocks account for less than 20% of these fluctuations.”

3. Adam Smith cartoon.

4. Bryan Caplan is telling childhood stories, and thus making it possible for the AIs to write his biography.  I plan to do a bit of the same.

5. Stuart Buck argues the indirect cost rates at the NIH are protected by current law.

6. Did the Saudis raise the return to trading Luka?

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