Blog Review 840


That Czech sculpture. As in the earlier blog, it's all a most fun scam that's been played. Anyone want to speculate on whether the politicians and bureaucrats will see the funny side? Show they have a sense of humour?

Less amusing: unreason is now the basis for legislation.

What if this stimulus might have negative effects? Like, damage long term growth? Something which is far more important than a couple of years of below trend output.

"It takes a heap of Harberger triangles to fill an Okun's gap." Yes, but how many is a heap?

A good example of what long term growth actually means using refrigerators as that example.

On how to spot a bubble and what to do when you do.

And finally, new dictionary entries.