Blurry Brain Syndrome
Posted: December 8, 2008 Filed under: Equity Markets, U.S. Economy | Tags: automobile bailout, Detroit Three bailout, nationalization, privatization 5 Comments
The first day of every economics course I teach, I always describe what I call Blurry Brain. I tell my students that they’re going to experience it frequently as they wrap their minds around the abstract theory that is taught in economics class. Some times something will seem very clear but when they look at it again, it will look very strange and they’ll experience Blurry Brain. Eventually, however, things should click for them as long as they stick with studying it.
In order to make it all easier, I start teaching an abstract concept and model by telling a very intuitive story. At the root of all good theory is a story and it should make sense at the intuitive level. Theory should reflect common sense. After that, I explain we have to take some thing that is very intuitive and put into a place where we can study and poke at it like a scientist with a stick and a frog. However, we don’t have frogs and sticks in our economics laboratory. Physicists don’t have those things either. We only have numbers and math relationships. We have to take these very intuitive ideas and make them testable or we can’t prove if we have a valid theory. If we don’t have theory, then we don’t have those common sense stories that guide our understanding of the world.
Theories must be testable so that they come from hypotheses that can be proved or disproved. That is why evolution is a theory. It is testable and has been proved over and over. God is an idea that can never be proved or tested. God has to stay a hypothesis in terms of the scientific method because we can’t empirically test the existence of a ‘god’. Some folks try to infer god, but when it comes to science, you pretty much have to stay within the realm of things that can be deduced from data. If you can experience the data directly, you can test the idea or hypothesis, you can prove it true or false, and you can contribute to theory.
Does this offend you NOW?
Posted: December 6, 2008 Filed under: No Obama, president teleprompter jesus, Uncategorized, Women's Rights | Tags: Obama Chief Speech Writer Jon Favreau, Obama Speech writers 6 Comments Obama Chief Speech Writer Jon Favreau 
in yet another one of those ‘innocent’ frat boy moments for Team Obama.
What does it take to get men to understand that acting out rape fantasies is not funny? Swanspirit did a little photoshop with the offending facebook photo and I want you to play a little infinite regress … will it offend you now? Start putting the heads of your mothers, your daughters, and other women you know in the shot and ask yourself is this offensive?
Riverdaughter’s been on roll about this and I suggest you check it out.
update: Oh, jon’s a busy boy …
Does it offend you now? 
UPDATE: oh, no, they struck again … and yet again!


Postscript: We think we’ve identified the entire Obama speech writing team:
Adam Frankel … kissy guy on the right
Sarah Hurwitz in the back left
Ben Rhodes in the back right
Whither Hillary?
Posted: December 5, 2008 Filed under: Hillary Clinton: Her Campaign for All of Us | Tags: Hillary Clinton, SOS, SOS acceptance 3 CommentsI’m always overly pensive at the end of the semester. The weather even obliged. It was just cloudy and chilly enough to keep me inside at my desk. I finished my last lecture today and was hard-pressed to find good news for my students other than it would all be over shortly. There’s a certain melancholy that comes with all endings. It leaves a me with a sense of wistful calm.
In case you haven’t been watching the economy, it’s not good. The labor statistics that came out today were beyond grim. Even President Bush has decided that something has to be done about the auto companies if just to stymie job loss for the time being. Speaker-of the-House Pelosi is even open now to using the green incentives money set aside for the Detroit three ( no longer worthy of being framed the BIG three anymore) to go after fuel efficient cars with less impact on the environment. This entire day seemed to be wrapped up in one big moment of quiet resolution.
I poured some wine and decided tonight’s newscast for the day would be News Hour with Jim Lerher. The end of the broadcast was a conversation that was billed this way:
Brooks and Marcus
Analysts David Brooks and Ruth Marcus weigh in on the news of the week, including the return of auto executives to Capitol Hill.
The conversation did include the inevitability of something for the auto executives as well as this week’s discussion of Team Obama and the future of his ‘rivals’. Ruth Marcus took some time to discuss Hillary’s acceptance of SOS and was generally complimentary. Her only question was that of potential Big Dawg drama. Then, magically, some analysis caught me by surprise. She asked if any one had noticed how generally sad Hillary had looked on Monday while accepting SOS besides her? I think both Jim Lerher and David Brooks were also surprised by the comment, but after some reflection agreed. Yes she did look a little wistful with a hint of quiet resolution. Ruth said that she decided to follow-up later with a ‘close friend’ of Hillary about the observation. (Yes, that well known journalistic teaser yet again, she had an ‘unnamed’ source.) Ruth said the friend was well acquainted with the tinge of melancholia and that it was the result of Hillary knowing “her political career is over”.
That bit of self-reflection hit me on a real basic level. It sounded quite believable, but I was glad when David Brooks cracked a joke about the Clintons always managing to come back when you least expect them. But know I’m thinking again and I’m still coming back to this gut feeling that she probably has got that right but I’m still not sure why I feel that way, let alone, why she might feel that way.
I have to say, I’m feeling a little blue about the idea of not seeing Hillary on a campaign trail again. Maybe it’s just the time of year, or the weather, or this glass of red wine. Maybe you can convince me that one shouldn’t trust what’s been said by a reporter’s unnamed source at the end of a semester.
Obama Team or He Man Woman Haters Club?
Posted: December 4, 2008 Filed under: president teleprompter jesus, U.S. Economy, Women's Rights | Tags: Bair, FDic, Frank, Geithner, Obama Comments Off on Obama Team or He Man Woman Haters Club?
Just when you think the Obama team cannot disrespect women more, you find yet another misogynist in the pack. This one really surprises me. Politico reports that the incoming Treasury Secretary has a problem with the FDIC’s Sheila Bair. She is one of the FEW people in the entire bailout mess sticking up for the homeowner. You may recall that Riverdaughter profiled her earlier on The Confluence. I have nothing but nice things to say about her. She is a a moderate Republican woman and she’s not part of the Obama team. That is her supposed sin. Congressman Barney Frank is standing up for her in a no nonsense way.

Jindal is a throwback to the Dark Ages (oh, make that social conservative). The Republicans can be certain of that. The first time he ran for governor against Kathleen Blanco I remember watching their debate and hearing him talk about the most important time in his life was when he became a Catholic Christian while witnessing an exorcism. He’s actually witnessed and written about the topic. ( For those of you cynics: here’s his published article: Jindal, Bobby (December 1994). “



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