Excellent quote (ht Economist’s View): Popper’s critique of historicism, then, can be rephrased as a compelling critique of the model of the natural sciences as a meta-theory for the social and historical sciences. History and society are not law-governed systems for which we might eventually hope to find exact and comprehensive theories. Instead, they are …
Monthly Archive: August 2009
Permanent link to this article: http://www.tvhe.co.nz/2009/08/28/quote-23-daniel-little-on-popper-and-meta-social-theories/
Aug
28
2009
Bailouts, moral hazard, and the money supply
Over at Anti-Dismal Paul Walker says: The bailouts were not a good idea, just think of the moral hazard problem this has created, while there may have been more justification for the Fed acting to prevent the money supply from falling. These are all important issues. If the “bailout” (I use the term loosely, as …
Permanent link to this article: http://www.tvhe.co.nz/2009/08/28/bailouts-moral-hazard-and-the-money-supply/
Aug
27
2009
The 24% price pick
There were supposed to be a number of important points made today as I can finally cover the house price pick. Here is a list of what I was supposed to cover: The first house price increase (to June 2010) merely takes us back to where we were in December 2007 in nominal terms. Real …
Permanent link to this article: http://www.tvhe.co.nz/2009/08/27/the-24-price-pick/
Aug
27
2009
GST on rent
In an excellent article from Brian Fallow, the idea that GST could be applied to rent is brought up. I agree with this 100%. By not taxing rent we are distorting incentives regarding the investment in housing – after all, rent is a form of consumption and should be captured by a tax on consumption. …
Permanent link to this article: http://www.tvhe.co.nz/2009/08/27/gst-on-rent/
Aug
26
2009
Breakfast tomorrow: Defending the 24% increase in house prices
I will be on Breakfast tomorrow (at 6.50am) defending Infometrics pick of a 24% increase in house prices over the next three years. Although the last pick was a little off, house prices still only feel a little bit more than we stated (falling 10% vs our 5% – although if you look at median …
Permanent link to this article: http://www.tvhe.co.nz/2009/08/26/breakfast-tomorrow-defending-the-24-increase-in-house-prices/
Aug
26
2009
Bank runs and TARP
This is a Hand post, but it is actually just the normal authors of the blog. We all had the same idea at the same time Over at Anti-Dismal, Paul Walker reaches the conclusion that The moral of the story, markets can deal with asymmetric information In the case of bad and good banks. He …
Permanent link to this article: http://www.tvhe.co.nz/2009/08/26/bank-runs-and-tarp/
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