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.
