by L J Furman on February 26, 2010
Tiger Woods may be a great golfer. But I wouldn't buy a mortgage from him. Here's why.
(click to stream audio)
Economics II: Macroeconomics and Political Economy
The way for the government to stimulate the economy and to avoid or climb out of a Depression, as John Maynard Keynes wrote, and as President Franklin Delano Roosevelt proved with [...]
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by L J Furman on February 20, 2010
Abstract. By burning fossil fuels we have put 3.6 trillion tons of Carbon Dioxide, CO2 in the atmosphere1 in the last 200 years – most in the last 60. This has changed the concentration of atmospheric CO2 from 250 parts per Million, ppm, to 390 ppm, an increase of approximately 35.9%. This increase of atmospheric [...]
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by L J Furman on January 29, 2010
In his State of the Union Address <video, transcript Englsh, en español>, President Obama said “The best anti-poverty program is a world classeducation.” He described a positive, or reinforcing, feedback loop. Education enables people to accomplish more, earn more, and better educate their children, who also accomplish more and earn more. It is one of [...]
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by L J Furman on January 4, 2010
This is not exactly "news." Nuclear power plant construction is synonymous with cost overruns.(This is a "systems problem." Anytime you have a 10 to 15 year project in the $Billion range you will find several reinforcing feedback mechanisms that increase the cost and few, if any, balancing feedback mechanisms that keep the costs at a [...]
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by CC Reilly on November 24, 2009
The [$34 million] the city wants to spend on [the Brooklyn House of Detention design] contract would be better used as a means to reduce class sizes and build more schools. - William Thompson
November 19, 2009, Press Release, YouTube, Gotham Schools
Part I. Bill Thompson: "Schools not Prisons"
On November 19, 2009, Comptroller of the City of [...]
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by L J Furman on November 5, 2009
Robert F. Kennedy, in a speech at the University of Kansas, March 18, 1968, said: "Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and [...]
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by L J Furman on October 8, 2009
The Frankenstein Monster as interpreted by Boris Karloff may have been a big guy who didn't know his own strength - again unbalanced reinforcing loops. As interpreted by Mel Brooks he was just misunderstood. Once those reinforcing loops were balanced - put the big lug in a tux - all hell didn't break loose.Systems Thinkingis [...]
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by jonathansoroko on September 27, 2009
The Giant Pool of Money is an outstanding radio documentary which explains, in large part, our current economic woes. If we have the chronology right, this episode of This American Life - now rebroadcast as "Return To The Giant Pool of Money" led to NPR's creation of the blog Planet Money. Click here for other economic [...]
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