Not enough time for a full post.
- This means, of course, that the more you remember something, the less accurate the memory becomes. [More]
- While the health care plans of Hillary Clinton, John McCain, and Barack Obama have understandably gotten most of the attention, there is another proposal working its way through Congress that might be better than all three. [More]
- In the bad old days, people in China and India supplied the world with a large shock absorber, a large mass of poor people who tightened their belts when prices rose. This gave higher global demand elasticity and reduced price volatility. From the late 1970s, economic reforms in China and India have given greater affluence and thus diminished this shock absorber. [More]