Showing posts with label Borges problem. Show all posts
Showing posts with label Borges problem. Show all posts
Tuesday, March 27, 2018

More fiatsplainin': let's play fiat-or-not

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The (Great) Tower of Babel , 1563, Bruegel the Elder. "Therefore is the name of it called Babel; because the Lord did there confound ...
56 comments:
Saturday, August 9, 2014

Quibbling with the language of trade

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The way we ascribe labels to things results in the creation of categories, and this in turn affects the construction of our mental landsc...
14 comments:
Friday, April 12, 2013

Consumption isn't a fleeting burst of pleasure, it's a long-lived asset

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I've learnt enough about the terms income , savings , consumption , investment , capital , and other major macroeconomic categorizati...
16 comments:
Thursday, May 17, 2012

GDP totalitarianism: Krugman's mischaracterization of Japan's plight as "star performance"

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Paul Krugman points to Japan's apparent resurgence in GDP and asks: "There seems to be some kind of lesson here about macroeconomi...
Saturday, May 12, 2012

Thinking in terms of stocks: From Fisher to Fischer

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In an older post , Scott Sumner had an interesting comment: The most recent inflation rate in Greece is 1.7%, whereas Spain has 1.9% infla...
Monday, January 16, 2012

The Borges Problem part II

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Nick Rowe writes a post called Macroeconomics and the Celestial Emporium of Benevolent Knowledge . It is a conjunction of a bunch of theme...
Saturday, January 14, 2012

Debt, generations, savings, and economic categorization or the "Borges Problem"

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I didn't comment much on the great debt debate, stirred up a Krugman post called Debt Is (Mostly) Money We Owe to Ourselves , but fol...
2 comments: