Don’t buy Chicago bonds. Unless your net worth is at least $1 billion, don’t buy Puerto Rico bonds. Scrutinize the holdings of any bond funds in which you own an interest.
No wonder the German public is, um, peeved.
After dustup at Reddit, looks like Kleiner Perkins was right about Ellen Pao
This is the best take on Greece that I have seen. Warning: NSFW (language).
Today Megan McArdle pointed me to a piece on Puerto Rico by Matt Levine. I won’t even try to sommarize it. Instead, just click here.
I don’t think ECB will force Greece out of euro; I think it will have to devalue if it wants to reopen its banks ever.
Like every economist worthy of the name I favor free trade. But I also predicted that TPA would never make it to the Oval Office. I was wrong, but in this case I’m happy to be wrong about TPA. Mea culpa.
Pulling together these disparate elements, my estimate is that the federal government will collect about $375 million in additional tax revenue.
The implied value of a human life is between $1,270,181.30 and $1,750,790.44. This compares favorably with the accepted standard of $5 million per human life.