Broback's Blog

My friend Steve finds a good quote from Einstein. I’ve been cataloging many of the professor’s statements over the years, as they are useful when illustrating the profound limitations of “book smarts” — but had not run across this one. It’s a keeper: “Common sense is the collection of prejudices acquired by age eighteen.” My […]

[Read more →]

There’s a lot of discussion in the blogsphere regarding how Keynesian stimulus is proving to be politically impossible. They assertion is Keynesianism would work great, if only we had enough political courage to do it right. (“right” meaning spend WAY more than a measly 2.8 trillion.) Krugman says (and Christina Romer agrees) that we just […]

[Read more →]