N. Gregory Mankiw wrote this interesting op-ed piece in Saturday’s New York Times. We’re going to have to look at all of the tools in our monetary arsenal to tackle the current crisis, and here Mankiw talks about ways you can continue to lower effective interest rates below zero using monetary (and other) policy. I personally prefer the option where the Fed pursues an inflationary policy over the one where we create new taxes on held currency but I haven’t studied the issue in detail. Check it out.
William Jelani Cobb has written a concise piece,
“Commentary: A lesson of Somali pirate attacks” (posted at CNN.com), that helps express the need to get a thorough understanding of the ‘why’ behind problems before trying to come up with solutions to them. We can definitely come up with more comprehensive, effective, and humane solutions to these types of problems if we use our brains. We need to keep up with current events, and we need to understand the history that puts these events into context; otherwise, our opinions aren’t worth a whole lot.
My father-in-law sent me a link to the Pandora Radio Music Genome Project today – you can find it here: http://www.pandora.com/. I’m trying it out right now and so far so good… you basically tell it what kind of music you like, and it tries to put a custom ‘radio station’ together for you, serving you up music that you should like. I’ll get back to you when I have played with this a bit more.
I planted a few of these last year, and they have really started to flower in the last few weeks. This one was right at eye level and I just had to grab the camera:
Well, since I’m always sending links to people and hanging disturbing posters on my FaceBook wall, I though I should reduce the clutter and bring all of that nonsense together in one place – here! I’m not sure what you should expect (I’m clueless myself) but I can tell you that I’m looking to get a conversation going, so please share your thoughts, feelings, and experiences on the topics that come up here. I’m looking forward to talking with you!