Archive for October, 2009

Brad DeLong says…

Thursday, October 22nd, 2009

Somewhere in the World There Must Be Someone Who Understands the Unemployment Insurance Seasonal Adjustment Factor But it sure ain’t me: Looking at this time series, the seasonal adjustment does look a little crazy, but I promise– it’s not that bad. ┬áLet’s go to the ten-year: So, yes, that spike looks huge, but historically, it’s […]

Oh, Chicago

Tuesday, October 6th, 2009

From Steve Levitt: “The other day I was walking through the halls of the University of Chicago economics department and heard a faculty member say that the right rule of thumb for government spending is that it is worth only 10 cents on the dollar because of inefficiency.” I’m open to suggestions as to what […]

Economics, Energy, and the Environment.