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EclectEcon
I have "delusions of adequacy."
Interests: economics, policy, theatre, music, hiking, geocaching
Recent Activity
When people are bad credit risks, banks stop lending to them, or they require collateral for the loans, collateral that hasn't already been used to secure other loans, or they require that borrowers induce someone else more credit-worthy to co-sign the loan. So why have investment banks, hedge funds, etc. been willing to lend money to Greece and Puerto Rico... Continue reading
Posted 4 hours ago at EclectEcon
After Colorado legalized possession, sale, etc. of marijuana, it was clear that both the supply curve and the demand curve would shift to the right. But which would shift farther? Would the influx of visitors, coupled with increased purchases by domestic buyers lead to such a massive increase in demand that prices would rise? Or would the relatively easy production... Continue reading
Posted 6 hours ago at EclectEcon
In honour of today's twin announcements of likely financial defaults by Greece and Puerto Rico, Ms Eclectic and I have decided to get take-out gyros from a food truck. #carbsbedamned Continue reading
Posted yesterday at EclectEcon
Brilliant advice from Margaret Wente: “Do what you love,” we urge our children, as if there’s a dream job out there just for them. But “do what you love” is probably the worst career advice in the world. It implants the notion that doing what you love can produce a sustainable livelihood – which isn’t always the case, alas. It... Continue reading
Posted yesterday at EclectEcon
Yes, the clocks are going to be reset Tuesday night to realign our clocks with sun time. This reset, which occurs now and then, according to this article, is called a "leap second". But will the clocks be set ahead by one second? or will they be set back by one second? The CBC headline reads, Leap seconds: Why our... Continue reading
Posted 2 days ago at EclectEcon
Yes, I am scheduled to have another colonoscopy. Here's the help I need: What should I write on my butt cheeks as a message for the physician? One grand has suggested "Kiss this". Another possibility might be "Will you respect me in the morning?" But likely neither of these will do. Both are too long. Please keep in mind that... Continue reading
Posted 2 days ago at EclectEcon
I love this statement, quoted in part by Steve Horwitz on Facebook with his introductory sentence: Hey other traditionalist religious groups, this is how you do it in a pluralist liberal democracy (it's also why I'd never be an Orthodox Jew, but...): "“In response to the decisions announced today by the United States Supreme Court with reference to the issue... Continue reading
Posted 3 days ago at EclectEcon
Apparently the US will no longer prosecute families who negotiate with hostage takers to retrieve a hostage. [see this] I have given my family instructions that they should keep their money and not negotiate with any hostage-taker-kidnappers. I'm old; I've had a good life; and I'd rather they have the money to enjoy the rest of their lives. In fact,... Continue reading
Posted 3 days ago at EclectEcon
If I were in England, I would go to Golder's Green on July 4th.... to buy bagels from Carmelli's. ... and just to be there just in case. Addendum: to be clear, I'd be there to sit in the street or something to block/impede the anti-semites, not to be a part of their hate. Continue reading
Posted 5 days ago at EclectEcon
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I gladly admit to experiencing geriatric alcophilia*. Until the past ten years or so, I drank very little alcohol. Over the past decade, though, I have become increasingly enamoured of my tipples. What is more, I have actually become something of a snob about scotch whiskies to the extent that I know a bit about some and a lot about... Continue reading
Posted 5 days ago at EclectEcon
My restatement of the Coase Theorem: If legal entitlements are well-defined, clear, and fairly easy to enforce, and If transaction costs are comparatively low, then Scarce resources will move to their most highly valued use. It's something of a definition of sufficient conditions for economic efficiency. If I have something, whether it is a painting, a car, my labour services,... Continue reading
Posted 5 days ago at EclectEcon
I have a bet with Salim Mansur. I bet that Justin Trudeau will become the Prime Minister after (and resulting from) Canada's next federal election. Several sources are reporting Justin Trudeau's statements about ISIS. Here are excerpts from one: The sickness and depravity of the Islamic State terrorists knows no bounds. This much should be obvious to everyone. But apparently... Continue reading
Posted 6 days ago at EclectEcon
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He just made an amazing catch in today's game, diving into about the 3rd row of the crowd to catch a pop foul. Check out these images from this site: Furthermore, his OPS is more than 50 points higher than that of Moustakas, and his Range Factor on defense is nearly 50 points higher than that of Moustakas. Related articles... Continue reading
Posted 6 days ago at EclectEcon
Sarcastic, but with just enough grains of truth to make them sound pithy (via Clickhole, so also with a grain or more of salt): Get ready for a harsh dose of reality. 1. There is no job fairy giving out jobs; there’s a job troll, and you have to kill him to get hired: Sorry, new grads, but nobody is... Continue reading
Posted 6 days ago at EclectEcon
I have never used wifi on an airplane. I can imagine that I might want to use it sometime in the future, but it is expensive and not all that easy to use. This paragraph probably captures the reality very nicely: In-flight WiFi is basically the worst. To get online at all, you usually have to run the gauntlet of... Continue reading
Posted 7 days ago at EclectEcon
This is all a very rough impression, but I have long had the impression that NASCAR is dominated by crackers with southern accents, many of whom would be happy to fly a confederate flag. I may be wrong, and I acknowledge this is just an impression. How many confederate flags used to be sold at NASCAR events? How many will... Continue reading
Posted 7 days ago at EclectEcon
A few years ago in Canada, The Weather Network decided to stop reporting the Humidex under that name. Instead, they call it "Feels like", which seems in keeping with the general drift toward touchy-feely-ness of the times. But from what I can tell, it is just the frickn humidex, showing a formulaic combination of humidity and temperature. [see this in... Continue reading
Posted 7 days ago at EclectEcon
I expect you are correct, Ironman. The data from Typepad show far fewer page views and show no significant deviation from the long-term trend of page views for the blog.
I recently ran across this article listing the 25 best places to retire in the US. I don't golf, and so some of these places don't interest me. And I really wonder about the criteria and the weights attached to each of them. The article pays too much attention to venues for activities and the arts and not enough attention... Continue reading
Posted 7 days ago at EclectEcon
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I'm concerned. Starting about 4 days ago, the number of page views here at EclectEcon sky-rocketed even though the number of visits doesn't seem to have changed much: Does anyone have any idea what happened or what is going on? Continue reading
Posted Jun 22, 2015 at EclectEcon
Two weeks ago, the baseball world was outraged that so many players from the Kansas City Royals were millions of votes ahead in the voting for the All-Star game. Well, I just voted 105 times (35 times from each of my 3 email addresses). And there wasn't a single player from Kansas City on my ballots. And it turns out... Continue reading
Posted Jun 22, 2015 at EclectEcon
After I posted this piece late last night, there were numerous comments and discussion points raised here on the blog, in email, and on Facebook. As I wrote on Facebook after the Charleston SC shootings, I wonder if churches, synagogues, schools, etc. should post signs like these: Note to all crackers: more than a few members of our congregation have... Continue reading
Posted Jun 22, 2015 at EclectEcon
Please, if you favour gun control, read some of the work by John Lott. I favoured gun control until I began reading his studies. Recently I posted something about this on Facebook, making the point that now, given the extent of gun ownership in the US, Lott's points and his evidence make good sense. States with conceal-carry permits have less... Continue reading
Posted Jun 21, 2015 at EclectEcon
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According to this source, there are presently 20 vacancies in Canada's Senate, an appointed body: Standings in the Senate Conservative Party 50 Liberal Party 29 Independent 6 Vacant seats 20 TOTAL 105 So here's a guess about what will happen with the senate over the next six months. It is a conditional guess. If the polls make it pretty clear... Continue reading
Posted Jun 21, 2015 at EclectEcon
I am definitely not a fan of science fiction, and I have no idea why I decided to read Chocky by John Wyndham last week. But you know what? I liked it. It was a warm tale, with caring parents and intriguing adventures for Matthew Gore, the 12-year-old "hero" of the book. It's a fun read; it's a light read;... Continue reading
Posted Jun 20, 2015 at EclectEcon