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Monthly Archives: December 2011
Unemployment, austerity, and bottles of water
A few hours ago I read a message from a friend who graduated a few months ago with a graduate degree, but after months had still not found a job. I wanted to write down a few thoughts. Once upon … Continue reading
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Black holes and economic depressions
Total nerd post. If you don’t like reading nerd, please ignore this and accept my apologies for spamming you. I originally wrote this as a reply to a friend who had joined one of the “Cut the Debt Now!” groups … Continue reading
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Depressing yourself with economics
There is a rule-of-thumb in economics called Okun’s law, which says that reducing unemployment by 1% requires a 2% increase in GDP above it’s long-term average. Let’s see what this means for Cheatham County. The average unemployment rate in Cheatham … Continue reading
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Inflation and cats
All cats are animals, but not all animals are cats. Pretty simple logic. All inflation causes price increases, but not all price increases are caused by inflation. Same logic. The past few weeks I’ve seen several friends have Facebook freak-outs … Continue reading
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Nuclear power and judging risk
After the accident in Japan, a majority of Americans believe America needs a moratorium on nuclear power. http://www.ibtimes.com/articles/127243/20110327/japan-tsunami-earthquake-fukushima-tepco-daiichi-daini-nuclear-power-plant-nuclear-reactor-nuclear-c.htm Most people are woefully bad at accurately judging risk. This link has a nice graph showing deaths per watt. See for … Continue reading
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