The Richmond Fed’s Kartik Athreya takes the commentariat to task for its habit of making pronouncements on economics that they (we) aren’t qualified to make (HT: Greg Mankiw). Athreya makes several interesting comparisons of economics to oncology, seismology, and cell biology. People who have little or no training in these fields usually refrain from...
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Disasters have many fathers. The tragic explosion at BP’s well in the Gulf of Mexico, which killed 11 members of the Deepwater Horizon’s crew and continues to cause unprecedented economic and environmental damage from the oil “spill” that began more than two months ago, is no exception. President Obama and many others have been...
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