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Tag Archives: subprime market

Is Economics a Science?

Posted on March 26, 2010 by Tony Lima

The fault, dear reader, is not the models. It’s their abuse by people who knew the results they wanted and used the models to justify those results. Continue Reading →

Posted in The 2009 banking crisis | Tagged collateralized debt obligations, david brooks, econometric model, economists, financial crisis, financial market meltdown, financial models, subprime market, subprime mortgages

Our Favorite Economist Tony Lima

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Economist Thoughts

TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his customers. — Ambrose Bierce

“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.” – Ben Shapiro, podcast, September 4, 2018

Why I will not use government data from now on

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GonzoEcon History

Recent Posts

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  • COVID and Kids Part 2
  • The U.S. Washboard Monopoly
  • Repeal the Jones Act
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  • Fourth Quarter GDP February 7, 2023
    GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →
    Tony Lima
  • COVID and Kids Part 2 January 31, 2023
    COVID and kids part because the CDC has once again produced a junk study.  Even worse, after two revisions they still don't have it right.  Continue Reading →
    Tony Lima
  • The U.S. Washboard Monopoly January 28, 2023
    Inspired by a front-page article in the Wall Street Journal, I investigated this outrage.  The U.S. washboard monopoly is a national disgrace. Continue Reading →
    Tony Lima
  • Repeal the Jones Act January 26, 2023
    Puerto Rick is a hurricane magnet. After the last one, power was out for 928,000 residents. The island has many diesel power generators. A tanker full of diesel was moored off the coast. But it wasn’t allowed to dock. Why? The Jones Act. Continue Reading →
    Tony Lima
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