The Wisdom of Commenter Greg G Garett Jones By Garett Jones, Sep 30 2012 SHARE POST: On Speed Bankruptcy: Of course this would raise capital costs. That is a feature, not a bug. We have seen the results of underpricing credit risk.
Oct 1 2012 Growth: Consequences How Stagnant Are We? A Time Diary Self-Experiment Bryan Caplan An argument I've repeatedly had with Tyler Cowen:Tyler: We're stagnating!Bryan: No we're not. You're ignoring massive CPI bias. We live in an age of consumption-biased technological change. Official numbers don't adequately adjust for quality improvements, and utterly ignore the mountains of free stuf... 36 Read More
Sep 30 2012 Economics of Health Care Welcome Back, McArdle David Henderson Megan McArdle is back blogging regularly. I happened to come across this one: "America Really is Exceptional." It's very good. Some highlights: I actually don't think that the latter point is true; if you plucked an average American (mean, median, or modal) out of Kansas City or Aurora, and plopped them down in the ... 8 Read More
Sep 30 2012 Finance The Wisdom of Commenter Greg G Garett Jones On Speed Bankruptcy: Of course this would raise capital costs. That is a feature, not a bug. We have seen the results of underpricing credit risk. 4 Read More