Tuesday, September 30, 2008

Greg Mankiw's Blog: Is deregulation to blame?

Greg Mankiw's Blog: Is deregulation to blame?

Cool, dear magi, appreciation for the essential!Fair Value Accounting

Greg Mankiw's Blog: Hold on to your seats

Greg Mankiw's Blog: Hold on to your seats

GREEDY FEAR TIME! hand and hand. Buckle down your hot asses readyyyyyyyyy rolling, life is rollercoaster, it is my hot seat, without these you never become seemingly disturbed beastly capitalist. Capitalist number one rule; you never ashamed about who you are, tag on your neck, “GREEDY, are you feeling of full of animal sprit? Flaunting it front of world. Greedy is virtue, the beauty of the capitalist is the greediest. Al la al life is rollercoaster - lives approximate of seizer

Greg Mankiw's Blog: Plan B

Greg Mankiw's Blog: Plan B

He is a magi of money making, lives in underground million years old city, with all salvagers ghost eerily wind. He is looking into the sky see the chart, it is time for pumping, so he is rolling his water mill day and night. Experiment, he called his lighting “hit one go – world shock horrorrrrrr- -buzzzzzz - haaaaaaa he become world seizer billion head monsters with one body – buckle down his head for the restoration this ostensibly pissed off world

Monday, September 29, 2008

Greg Mankiw's Blog: More Commentary on the Financial Mess

Greg Mankiw's Blog: More Commentary on the Financial Mess

Do you think really house of horror exist. I think these houses need to exorcise by themselves to get rid off their own ghosts. They can nail their own rancorous souls so that less evils but sensible. Bit of nice, not just see ugly things but bit of beautiful things. Yes I know it is impossible, we cannot just only want to live with beauty. We are all so ugly that is why our soul is bare. Well any way, hoping USA Congress pass the bill. They showed the greatness of exercising the democracy- agrees to disagree worked, but they are losing plots. Had a chance at the center stage – as bundle of attention seekers they are getting all world attention, all world waiting their mercy, cool, not often world give them sole attention, no another occasion except the “ Apollo moon landing” well plea please pass the bill. might World going to bejerk, if you don't pass the bill, you USA taxpayer much to losses then any another countries taxpayer. Hurry up!

Greg Mankiw's Blog: Palin for President: Two Versions#links#links

Greg Mankiw's Blog: Palin for President: Two Versions#links#links

US constitution bill of right is my right to be a president! You can tossing me around push me around hanging me around wheeling me around chewing me around but put me just the right place! She says.

Greg Mankiw's Blog: Physics 101

Greg Mankiw's Blog: Physics 101

Flip Flick click cash clicks a Buddha(sorry spelling mistake!) face relish gently moneyyy generously handsomely. (should be billions, meet the trend!) I am the greedy capitalist on the road of thrice of catching all the money myself,I am the cool Warren Buffet stylist, never miss the golden chance! I am a sucker of the great chance!

Greg Mankiw's Blog: Put your Mortgage-Backed Securities here

Greg Mankiw's Blog: Put your Mortgage-Backed Securities here

MBS is rubbish business!

Sunday, September 28, 2008

Greg Mankiw's Blog: Economics Teaching Conference

Greg Mankiw's Blog: Economics Teaching Conference

Probably lots ga ga female academician interest in this because of him, he knows it, that is why he post it in his blog. And will sign up, saying oily silly“ your #1 selling book, Principles of Economics the only text book I never hate, I hold it in my heart and sleep with it” and hang on every his words and hang around his speaking headless silly chickens- hoping they are all ugly, fat and smelly!

Greg Mankiw's Blog: Advice on Course Selection#links

Greg Mankiw's Blog: Advice on Course Selection#links

Forget dowdy furnishing your future, here is ultra-fancy authentic economic cousin. Prof Mankiw tossing your brains, for using all the crooks of Wills Street, so end of term you will know how you can get $7billlion for free –the art of gone bust and the art of steal!

Greg Mankiw's Blog: A Note of Optimism

Greg Mankiw's Blog: A Note of Optimism

...During 2007 and the first half of 2008 – exactly the time when financial markets had been spooked by oil price spikes and housing price crashes – the marginal product had been over 10 percent per year: far above the historical average.
...this will likely permit Americans to advance their living standards as they have in years past.


Great! We are going to right, everything goes my way! Thrice to know what I did some of the projects I involved in - after marginal product of capital after-tax averaged. Amazing stuff, do it again!Different ways!

Greg Mankiw's Blog: A Sign of the Times

Greg Mankiw's Blog: A Sign of the Times

Mortgage made a sticking marriage bed at a fair nailed fully haired broken hearted gifted sticky point. Heart broken, you can see this, sometime people difficult to see why entrepreneur so filthy rich. General public jealous outcry and envy about entrepreneur but anyone being an entrepreneur knows the cost of fails and success. So I say, general public fair go, most of entrepreneur go through risks when they start their own. It is bravely, so don’t condemned them too much how thick, filthy rich and selfish they are. The precise of this stinking greediness made us go out ourselves instead comfy sitting. Don’t want to put up all the crab politics, uninspiring bosses tell you what to do that make you utter sick. If I can make so much money to a company my share is bit of shitty bonus with nice lunches(I don’t eat lunch) made me the company hero - but you are never freeman you are just an ordinary salary girl. Ordinary managerial salary never ever going to big enough fill with my filthy capitalist greediness. This is my blood. So I do it myself. Hoping this nailed business back into her track again!

Saturday, September 27, 2008

Greg Mankiw's Blog: Distorting History

Greg Mankiw's Blog: Distorting History

Here, his sword! License to kill, anger must eat alive garnished with blood and lust!

Distorting history is an atrocity! In Korea we used to learn; Hate North Korean, it is our arch enemy must hate them never forgive them, they are across 38th parallel, nothing same but only name, they might infiltrate us at any time. And hate Japan, its people its culture ie. Our story books and text books were illustrated them as evils. You never associate with them just “Hate”. We had this fear and hate with our own kind and our neighbor because of our previous generation’s rancor. Well my grandpapa lived in Japan than. So I ashamed about where my grandpapa lives in part of country which I must hate. I never told anyone where he was but simply he was not exist. This was powerful brain washing. Until much later I lived in Japan or else where I decided that I don’t want to be part of the Korean “han” game anymore. Yes nice to know the fact not the distortion which inherited from our parents’ generation. I don’t want to burden myself to drag into that pit. If I had never left Korean I would never know the facts.

Greg Mankiw's Blog: Did anyone say "capital flight"?

Greg Mankiw's Blog: Did anyone say "capital flight"?

Yes, really worry if this is true market would be panic. A ship must have one captain in a storm; he is the person who has responsibility of safety of the ship. All the crew put their difference aside and abides to the captain to sail though dark stormy night.

Capital flight

Greg Mankiw's Blog: The Case against the Paulson Plan

Greg Mankiw's Blog: The Case against the Paulson Plan

Plea not cast not, habit of masked, outward of view down syndrome result of quick bias and severity of fate. Gee Dear Greg is busy everyone’s body ProfGreg!

Greg Mankiw's Blog: The Dark Bailout#links

Greg Mankiw's Blog: The Dark Bailout#links

Listen, your scumbags idiots bunch of wacos tacos bandits, Federal Government is the only intuition has $billions and patient put with your hooch pooch.

Friday, September 26, 2008

Greg Mankiw's Blog: If I were a member of Congress...

Greg Mankiw's Blog: If I were a member of Congress...

If I were a member of Congress, I would sit down with Ben, privately, to get his candid view. If he thinks this is the right thing to do, I would put my
qualms aside and follow his advice.


Yesterday, in our law class, our lecture gave us comments, collective standard of our assignments as whole class. Haven’t get a result yet, it will be on the way next few days. She is an eccentric funny tough teacher who has passionate conviction of her teaching. She said to us re: incoming exam “focus, focus, focus! Don’t wonder around your mind! Just focus! I bar on your below performance!” That is what I will do until the exam, just focus, just focus, just focus! So I follow her candid steep advice put my qualms aside; stalking every words, tackling every case laws with my heart and soul to prepare to solve the exam problems! I will live like a(she said this word is useless word using in this way, but I am using in here so that I can feel what she said) monk until the exam! So help me the sky!

"...ideologically driven white-anting at worst." Gee the list of letter start from Chicago… Obama and Democrat support it and McCain and some of his Party opposite it. You have to read it in between lines. I wonder who is the another octahedron?

Greg Mankiw's Blog: More Commentary on the Financial Mess

Greg Mankiw's Blog: More Commentary on the Financial Mess

A nature of agreement is to agree with disagree!

Greg Mankiw's Blog: The Problem with Warrants

Greg Mankiw's Blog: The Problem with Warrants:
I suppose Treasury could hire option pricing experts to net out the value of the warrant from the price of the package to find the net price of the MBS. But doing so would certainly add noise to the process and make it harder for Treasury's auction experts to make sure the taxpayers is getting the best price for the securities it is buying.

Warren Buffett did not need to worry about this problem. He set the price for his position in Goldman based on his expert judgment, not an auction. But Treasury needs to find a more objective mechanism for setting prices of the things it buys. Auctions are precisely that mechanism, but they would do their job less well if an equity stake in each company is part of the deal.
I think what he is saying is that the Treasury need to value correctly the “warrant pricing for the market value” this would be very difficult for the financial market. How could they measure all these multi-faced time and intrinsic value for the pricing. I wonder how Warren Buffett set the price for his position in Goldman…

Thursday, September 25, 2008

Greg Mankiw's Blog: A Defense of the Paulson Plan

Greg Mankiw's Blog: A Defense of the Paulson Plan

Aha it is more clear the whole saga, where it was and where it is now. You need to know always different angles; so that you can scale things up what is heavy what is not. Now I agree bail out and it is necessary. I agree difference views of ivory tower and reality. Reality, we think on feet. One of the most challenge things is “making decision” without all information. I think that is come from field of experiences. Once I was asked to formulate a company strategy; re-engineering and trouble shooting in my area of expert. I had hard time put them down to words what is in my mind. All in my head, lots of things I can not explain it but just do it when you are in a “situation”. You jus know what is work what is not. Ivory towers theory is not practicable always but nice to know theory behind. End of the day I am the person who is calling the shot not the way around. So I can not afford screw things up for my own good for narrow minded judgment!

By the way, I can guess who is the "A smart friend," who knows more about this topic than he does. Only few perhaps... I think...may be the current Fed chairman?...

Greg Mankiw's Blog: The Theory behind the Rescue Plan

Greg Mankiw's Blog: The Theory behind the Rescue Plan

"Yet the value of many of these assets will likely be higher than their current price"

Warren Buffett spent $billons, I thought it is good idea to buy. I like Buffett style investment. Always buy stock when it is bottom price.

Greg Mankiw's Blog: P(bank bailout) = .79

Greg Mankiw's Blog: P(bank bailout) = .79

.77, .79, and .90 a day - hot!

Wednesday, September 24, 2008

Greg Mankiw's Blog: Election Update#links

Greg Mankiw's Blog: Election Update#links

Life is all about chance, I would do same thing. if I were her position. If Alan want to be the Prim minister of Australia, I would do the same. You can not take money in your grave! Running your man behind is not bad idea. I am not sure Alan let me do that but, you can always get what you want in away. I think any woman can do that if they want. If a man loves woman they do everything! Men are actually silly sometime when they are in love someone as most women knows how to control their man. It can be very powerful being a first lady for the biggest economy; you are actually running him of course. But all the fusses, politics, media attentions waving hands, living a crystal cage I am not sure I like. I like my little village I can paint; reading and writing poetry, grow my orchids, I can swimming real sea the beautiful sea! Who knows I might run a small village bank…. Like a guy from Bangladesh. Or planting more grape plant for bottling…

Actually, the other day my lecture told us that when people have plenty we can be generous lots of ways, I agree if you don’t have you can not be generous and can be vengeful. Mandela is an exceptional man of course!

Example, I am a KoreanAustralian, in my view terms of Korean nastiest is far superior. We all Korean learn“han”* from the cradle. Never forgive or forget the revenge someone nasty to you and never forget your indebt of someone kind to you. Kind of born into inferiority complex so endlessly try to achieve something. That shows you how inferior you are. Australian born into “lucky country” never sense of the vengeance and never had this inferior or superior thing. Probably that “han” made where Korean is now but I don’t agree some of these nasty attribute of Korean. Where am I belonging in this regard? Probably I am both. Am I inferior? Am I superior? Do I have any complex? O YES I HAVE INDEED? But I am not going to tell you that I might screw up my chance become not in complex.

*Although I disagree with the author’s own religion point of view of ‘han”. But I think it is pretty close what it is. I couldn’t find any another one.

Greg Mankiw's Blog: Is Intrade suspect?

Greg Mankiw's Blog: Is Intrade suspect?

"...What's a little weird, however, is that this rouge trader is not only selling Obama contracts and buying McCain contracts .... they also seem to be buying Hillary Clinton contracts:..."

Anthing might happens ...

Greg Mankiw's Blog: A Panel Discussion

Greg Mankiw's Blog: A Panel Discussion

Interesting to see what his opinions are re: this gangland fiascos, I think he might agree and not agree , but wait and see…

Nice to see the discussion again- Wow he speaks fast then me that is why I missed a lot, much better understand what went! great discussion all the audience!

Greg Mankiw's Blog: The Meltzer Plan

Greg Mankiw's Blog: The Meltzer Plan

Song of debts trodden Banks to the Uncle Sam: You are my sunshine you are my moonlight you are my field of gold, you remember old golden days, that will come to us again, I think of you all the time, in every minutes, even I dream of you, O you are my dashing White Knight, riding a white horse with $billions, come to rescue me from this cold frost. Will you be my White Knight? Will you be my White Knight? I will do anything what you ask me to do I will kiss you mouth…

Greg Mankiw's Blog: Predicting College Success

Greg Mankiw's Blog: Predicting College Success

Anything regarding exams an optional is good, compulsory… I used to hate exams any exams but now difference story, depended how looking at things difference ways open more views ie. Hoping someday no exams at all

Greg Mankiw's Blog: Economists against the Paulson Plan

Greg Mankiw's Blog: Economists against the Paulson Plan

Straight into the heat - Must be deadly desperate!!

Greg Mankiw's Blog: Help Wanted

Greg Mankiw's Blog: Help Wanted

Resuscitation his beloved macroeconomic mouth and mouth. Finding ugly bodily structure and reconstruction here and there!
Major surgery, probably accommodating current gangland fiascos! Hoping pins, scissors staplers screws are not left inside before sewing!

Tuesday, September 23, 2008

Greg Mankiw's Blog: Oops

Greg Mankiw's Blog: Oops

Old saying goes if you don’t know be silence then at least you can get 50!Oops

Greg Mankiw's Blog: Commentary on the Financial Mess

Greg Mankiw's Blog: Commentary on the Financial Mess

This is my guessing about general American feeling:

We want our hero represents us a great revenge, to kill whoever misusing our tax, fatting up all the greedy capitalist arhsoles bitches. I don’t want to know a nice papa’s teaching economic games!

The below is my interpretation of the heros fire fire, greatly restraints their fire. Or what they really like to let them loss, as they are all toooooooo polite to shot their nasty words off rail roads. I am guessing their hopping pumping that is all – bit loosen up! I dare say! Like when you are really hot encountering, – not asking polity your whoever “ may I please please make love to youu ….that kills off passion ……” or just get on heat… fire in your eyes burning, millions scented blooms, molten rave in your blood stream that consuming your breathing -- that is I am talking I don’t know what I am talking but talking! As --- here I go OK

Licensed to kill, cool 007 work on their sleek computer screens in their steamy thinking heads, ready to killllll…... Dr grill or yes, or dr sizzle yes no, the freedom who love me so much or hate me or hare me to do this mission. Uncle Sam is my Uncle Sam therefore I have my exclusive right go after him, hunker down and gun pointed his head and kill him off my gingery pissed off words, banks, after their steamy hot encountering and begotten little octahedrons who feed with another multi-ethic exoreic dishes, they will be evil souls of a self-cannibalized or self mutilation pricks. If Uncle Sam really serve savory anger fillet $billion dishes( which is my tax in it) to the ungrateful greedy capitalist bastardy arsholes, I can do whatever I want to do, put my great karaoke lyrical gun and barbecued them with anger disgust in my screen and toss them off in any media, whoever interest to share my angeryyyy elation and swell them chew them whatever they want. If anyone need anger management do the same don’t blame anyone any but blame yourself !!!

From the man of pissed off words with a great streamed up head

Monday, September 22, 2008

Greg Mankiw's Blog: More Capital for the Financial System

Greg Mankiw's Blog: More Capital for the Financial System

Everyone have sense of entitlement of basing heads over whoever doing the sweating. Foul mouthed bullet endlessly triggered to Uncle Sam. They serve with their hearty starched bubbles with fierce wheelie bounding. Well oiled the democracy is really working. Gold rimmed spectacles with firefly eyes popping views. Nice to know Uncle Sam cares about everyone; internality and externality. His vast indomitable octopus legs are seizing every chocking points. Until now I didn’t know where my standing was, been through this I think I firmly declare that I am a greedy capitalist and belong the freeman club: everyone comes and goes as they please. Bind no one but only one-self, self important. Freedom, Hummh, it means everything the whole thing. When people have it as their birth right they don’t appreciate it very much what they have, instead they are nagging about what they don’t have…. Or yelling their inconvenience of having too much or beat their freedom to death with vengeance. Heavy burden of being Big Uncle Sam - Title goes with the responsibility. My Uncles used gave me lots of pocket money. I brought lots of story books. Among Uncle Tom's Cabin too. Well you might ask what is get to do with Uncle Tom all of these? I don’t know I am just thinking that is all… and nice to know his still has interest in this crazy deep-fried frenzy freeman show. As the hot whore market is trading her passion whirly whirly… nelly belly billy ally

Sunday, September 21, 2008

Greg Mankiw's Blog: Fan Mail

Greg Mankiw's Blog: Fan Mail

Yes, they are beautifully written from a beautiful mind. Lots of wonders!! The Number One Bestselling Economics Books

Sounds like he bit tired of all this fiasco, but we always hoping good days come soon too, that is why life is exhilarating! He would probably gets lots female fan mails as he knows what makes their minds tick, that is why person( I think a female, if weren't probably a gay!) painted his Portrait, in ASCII I think she is a silly, saying that she forget to show him… blur blur… what a ridicules thing to say...

Saturday, September 20, 2008

Greg Mankiw's Blog: A Blank Check

Greg Mankiw's Blog: A Blank Check

"Sec. 3. Considerations.
In exercising the authorities granted in this Act,
the Secretary shall take into consideration means for—
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer."


This is where his immense power embedded, especially (2), it is opens ends. You can interpret the (2) in many ways. Since USA the biggest economy, this impact on their internal external assets and as well as the world economy. The rescue $700,000,000,000 how and which way? When can people see the result ie. His term only 2 years.The result ( good or bad) will come many years later perhaps, or immediate term, world stock markets responds like a crazy whore’s hot one nightstand.

Update: From Naked Capitalism

"But here is the truly offensive section of an overreaching piece of legislation:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

And

" Nouriel Roubini does not think it passes the smell test:

`He's asking for a huge amount of power,'' said Nouriel Roubini, an economist at New York University. ``He's saying, `Trust me, I'm going to do it right if you give me absolute control.' This is not a monarchy.''

Greg Mankiw's Blog: Need a bailout?

Greg Mankiw's Blog: Need a bailout?

To Whoever it may concern,

"Wow! You are in deep shit! Your 500 billion should clear in three business days. When you have another claim, call back. Thank you for using, and I am in your service!"

Uncle Sam

Greg Mankiw's Blog: The Problem with Audience Participation

Greg Mankiw's Blog: The Problem with Audience Participation

Doing devil work, hummh...

Greg Mankiw's Blog: The GSE Blame Game

Greg Mankiw's Blog: The GSE Blame Game

"...CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)." Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04
Thoughts on the GSE Takeover

Friday, September 19, 2008

Greg Mankiw's Blog: Is Paulson wrong?

Greg Mankiw's Blog: Is Paulson wrong?

Yes, the fountain line of Paulson's as :

“…the Paulson solution is that it taxes the many and benefits the few. Since the many (we, the taxpayers) are dispersed, we cannot put up a good fight in Capitol Hill; while the financial industry is well represented at all the levels. …Just as it is difficult to find a doctor willing to testify against another doctor in a malpractice suit, no matter how egregious the case, finance experts in both political parties are too friendly to the industry they study and work in…”
Saving Capitalism from Capitalists

Although it appear that it is unfair to taxpayers, but this occasion, I agree what he is doing, if not, the economy going to really blow up and the whole market suffer, then chain reaction to the whole world economy. Without this intervention we might face on the great depression again!

Greg Mankiw's Blog: Keeping Shitty Jobs at Home

Keeping Shitty Jobs at Home

Amazing, American have to beware Obama hidden agenda. “ Yes you can’t Yes You can’t Yes You can’t…” Ad says “ traffic raise, stop outsourcing” And give them “ increasing funding for training” amazing yes you can’t. If I were American you have to very worry this kind shitty of promise. I think Obama only promise how to spending, ofcourse I understand because of the votes but why this kind of promise, surly he knows the result of this kind of promise would be fatal for his country economy. but then his expensive consulting team calculated the cost of funding much less then losing his election. Where money come from “funding” the empty coffer can not fulfill full promise then only remain empty promises.

I have a virus software, had a problems so I made a phone call for their warranty services, the warranty services company was located at India. It must have been odd hours for them. I had decent chat while he went thought my computer to try figure out what was wrong. He said that the company operating services 24 hours. The company is dealing with all English speaking courtiers at Pacific Rim. I wonder, the American software company if they keep this warranty services in its home, they have to face the following:

Low quality workers with expensive to do the jobs
Services would be not so good
Increase cost of operation; economy cost
The software will be very expensive
Company is lose its competitiveness- lose market share
The company would not be profitableSo
Uncle Sam has no tax revenue
So company shut down
Economy is going to a banana republic

I think, managing a country and a company same thing in a way; both revenue and cut the spending must go to hand and hand.

Ahaaaaaaaaaaaaaaaaaaa I saw it I saw it before he changed it.... hehehe

Probably few people sent email saying” Greg you can not using that Shitty word for doing your devil work for the purest world – there is not many people crazy as you are or you can not pollute the purest world!” that is why he changed the fountain!!

Greg Mankiw's Blog: The Future of Financial Regulation

Greg Mankiw's Blog: The Future of Financial Regulation

It is such enlighten to see wisdom goes everywhere. I agree less intervened by governments as I have personal allergy for public servant…

Thursday, September 18, 2008

Greg Mankiw's Blog: Ben promotes Bipartisanship

Greg Mankiw's Blog: Ben promotes Bipartisanship

When we can see the solution and doing dirty work, we have lots people against; with many reasons; egos, envy and politics ie – you can not get all the agreement for doing good jobs. You have to do when you see things to fit, even if you don’t get all the people agreement. Reality is you can not make everyone happy to be a good human or doing good job. That is my experience. Sometimes you have to have tick skin. End of the day a glass of wine will help you…

“...have set a dangerous and unmistakable precedent" for the federal government.
"Federal investment in such large amounts of private ompany stock has the
appearance of a socialist and not a free-market approach to managing our
economy,..."

I agree this, but my comments the above are in general problems solving in any situation. My believed that when problems solving you have to think on feet. Often you don’t have time to contemplating and gathering all the facts first makes a best decision. Since often facts are hidden or unknown. Well I suppose managing few hundred people and managing the world biggest economy is difference story!

Greg Mankiw's Blog: The F.A.Q.’s of Lehman and A.I.G.

Greg Mankiw's Blog: The F.A.Q.’s of Lehman and A.I.G.


Bear Stearns was bailed out for two reasons. One was that the Fed had very
imperfect information about what was going on at Bear.

…Bear’s counterparties in many transactions were not prepared for the sudden demise of Bear. A Bear bankruptcy might have triggered a wave of forced selling of
collateral that Bear would have given its counterparties. Given the potential
chaos that would have resulted from Bear Stearns filing for bankruptcy, the Fed
had little choice but to engineer a rescue.

It says, no news is a good news, and teach them lesson.

Greg Mankiw's Blog: Mishkin on Inflation

Greg Mankiw's Blog: Mishkin on Inflation

But we have to ask a question whether the current inflaiton is correcte or not. The CPI measurement; “typical’ basket of product CPI is often does not match to actual product people buy them from the market.

Greg Mankiw's Blog: The Pigovian Slippery Slope

Greg Mankiw's Blog: The Pigovian Slippery Slope

The answers are:

Yes, really depended how much French people go to picnic and having baby; using hamper; when you inherited ancient picnic set, handling the set is more time consuming and costly; the power usage of dishwasher, detergence cost, hand wash and polishing them. We only use it about 4 or 5 times a year. Buying plastic much cheaper, I think, I don’t know what is the cost of plastic things are.
Disposable diapers, I don’t know what is cost of disposal diapers but I can guess; the washing cost of cotton; chemical and power costs of washing and drying and labor also.

Picnic hamper vs plastic set : cost= x+y+z
Disposable diapers vs cotton diapers: cost = x+y+z

Then we can see then whether they have externality, but benefit of this case is you can teach people awareness of clean environment from the cradled.

Greg Mankiw's Blog: Alan Blinder and Harrison Hong on the Financial Crisis#links

Greg Mankiw's Blog: Alan Blinder and Harrison Hong on the Financial Crisis#links

Alan Blinder and Harrison Hong of their blind factory on the Financial Crisis.
Listen carefully, fundamentals is sucked into housing market.

Wednesday, September 17, 2008

Greg Mankiw's Blog: Wise Words on Trade

Greg Mankiw's Blog: Wise Words on Trade

"Globalization is paying off for the United States just when we need it. Our traditional strategy of helping other countries, especially in the developing world, strengthen their economies is redounding to our major benefit. Our continuing effort to correct the huge trade and currency imbalances is paying large dividends. The trade liberalization of the past 50 years remains incomplete but has opened markets that our firms and workers can exploit. Efforts to derail the integration of the world economy in the face of current developments would be contrary to U.S. national interests. We should be making new compacts to reduce barriers as rapidly as possible rather than fearing to implement those already negotiated, such as the free-trade agreements with Colombia and Korea that are languishing in Congress."

Greg Mankiw's Blog: The Next Shock to the Economy#links

Greg Mankiw's Blog: The Next Shock to the Economy#links

Buck Fuck

Bush before his key to on the white stone
People watch his departure
They all fallen dark brown levees on the ground
People make money while they hate or aguish
Wonder Bush is the sweetheart of 52%
By far people giggling their fat wallet
Chatting start another time
They covered their eyes to see

Greg Mankiw's Blog: A Reading for the Pigou Club

Greg Mankiw's Blog: A Reading for the Pigou Club

"Gregory Mankiw is a professor at Harvard University and a world-renowned economist."

Here he is right after Sun
See the world see the green field
How everything thought as we had thought
Gasoline tax accumulates mind of nutters

Greg Mankiw's Blog: A Poll of the AEA

Greg Mankiw's Blog: A Poll of the AEA

The Sample, Warning: Hot Gigolos Malice
"Nationally, most economists are male, and I'm told that most are registered as either Democrats or independents. Our sample reflects that imbalance:

48 percent -- Democrats
17 percent -- Republicans
27 percent -- Independents
3 percent -- Libertarian
5 percent -- Other or not registered

Eighty-six percent of our economists are male, and 65 percent work in the field of academia or education. The rest are spread across various industries or not working."

In my point of view even if the sample is unbiased, most of Obama’s spending, McCain’s strong points are revenue or saving. I think he is nasty in here!

Tuesday, September 16, 2008

Greg Mankiw's Blog: Rogoff on Bailouts

Greg Mankiw's Blog: Rogoff on Bailouts

Uncle Sam Logoff his Bailouts

Finally Ucle Sam mogoff his generosity, probably he tired of his blustering money-mongers. Why people so happy about because some kind of satisfaction because of so huge spectacular spectacle blustery. I think only American can do that with cool Yankee style the western cowboy, like Client Eastwood “ make my day”…. He must be very busy with his talking, you can imagine this is all of his ally, all of his friends some of them gone burst some of them so bibulous…life is so exciting, why are we so happy about other people misfortune? I don’t know why but I am just so hellebores read all this juicy stuff…. As long as not mind that is OK, this is my attitude!

Monday, September 15, 2008

Greg Mankiw's Blog: A New Beginning

Greg Mankiw's Blog: A New Beginning:

"A New Beginning"

His New Beginning!

Nothing ever great without its beginning
Without beginning without deepest the most of within us
Purpose of the blooms; fragrance of our knowing
His sagacious thought, passion and feeling his words are at the altar

I think he is going to talking about all the Walls Street blast today. Few hours introductory is probably not enough. That is why he is so excited about his new beginning because he has lots of talking about all about racketeering, he would know everything. I think he even dreams about economic. Probably lots of his friends gone bust, doing American style just huge scales that is why they have big mouths and huge breasts etc…
I think he even like this blast, because of excitement, without this blast life would be very boring. One of their duty was gone bust with a style...
It is about time his lecture begin, his is so excited about his ingenious thinking about Wall Street burst, he even manage his mind off the track...happy day ...it is my time to go to bed... What was the tipping point! -Walls Street Blast

Sunday, September 14, 2008

Young Sun Kim-Walker

Young Sun Kim-Walker's Blog: Biden's Charity Aversion

The most hilarious fact I learned yesterday:

Democratic vice presidential nominee Sen. Joe Biden released 10 years of tax returns Friday...The Bidens' joint gross income hovered between $215,000 and $320,000 a year during this period...The amount they gave to charity during this period never exceeded one-half of 1% of their annual income. The Bidens never gave more than $995 to charity in any of the tax years, and usually gave much less.(Source)

Compare Biden's behavior to that of a typical American:

The IRS reports that those who itemize deductions on their income tax returns have claimed, since 1975, that between 1.6 percent and 2.16 percent of their income went to charitable concerns. (Source)

This contrast is an example of a broader phenomenon:

conservatives who practice religion, live in traditional nuclear families and reject the notion that the government should engage in income redistribution are the most generous Americans, by any measure. Conversely, secular liberals who believe fervently in government entitlement programs give far less to charity. They want everyone's tax dollars to support charitable causes and are reluctant to write checks to those causes. (Source)

Cool, he is just a charlatan that is all! Why would he matches his altruism a typical of those with his political view? I can understand his uncaring completely! Because this man has run for presidency more than once, that does mean he must has moral obligation for others and running presidency all about pretending not about cardinal virtue at all. Who said that because this he has to have greater than –average personal motivation for caring and giving. Therefore chose not chip in.

Update: TaxProf provides a nice cool table summarizing Biden's tax history - View of Action - speaks loudly his restrained action!

Greg Mankiw's Blog: Inequality vs Injustice

Greg Mankiw's Blog: Inequality vs Injustice: "Gini"

Inequality vs Injustice

"...greater outrage is directed at highly paid CEOs than at highly paid athletes. People sense that athletes earn their high income by being highly talented, whereas they feel (correctly or not) that CEOs are paid a lot because they have manipulated the system."

Saturday, September 13, 2008

Greg Mankiw's Blog: Rent Control

Greg Mankiw's Blog: Rent Control

Price Ceiling
"A price ceiling set below the free-market price has several effects. Suppliers find they can no longer charge what they had been charging for their products. As a result, some suppliers drop out of the market. This represents a reduction in the quantity supplied. Meanwhile, demanders find that they can now buy the same product at a lower price. As a result quantity demanded increases.

As a result of these two actions, quantity demanded exceeds quantity supplied and a shortage emerges. This leads to various forms of non-price competition."Read more here- Price Ceiling

Free Market for the Kidney
Such a market would lead to an efficient allocation of resources, but critics of this plan worry about fairness. A market for organs, they argue, would benefit the rich at the expense of the poor because organs would then be allocated to those most willing and able to pay. But you can also question the fairness of the current system. Now, most of us walk around with an extra organ that we don't really need, while some of our fellow citizens are dying to get one. Is that fair?
And here too- The Kidney Shortage - Price Ceiling


Each one of us, in brief, has a multiple economic personality. Each one of us is producer, taxpayer, consumer. The policies he advocates depend upon the particular aspect under which he thinks of himself at the moment. For he is sometimes Dr. Jekyll and sometimes Mr. Hyde. As a producer he wants inflation (thinking chiefly of his own services or product); as a consumer he wants price ceilings (thinking chiefly of what he has to pay for the products of others). As a consumer he may advocate or acquiesce in subsidies; as a taxpayer he will resent paying them. Each person is likely to think that he can so manage the political forces that he can benefit from a rise for his own product (while his raw material costs are legally held down) and at the same time benefit as a consumer from price control. But the overwhelming majority will be deceiving themselves. For not only must there be at least as much loss as gain from this political manipulation of prices; there must be a great deal more loss than gain, because price-fixing discourages and disrupts employment and production.."Read more - Government Price-Fixing

What Rent Control Does
The effects of rent control become worse the longer the rent control continues. New housing is not built because there is no incentive to build it. With the increase in building costs (commonly as a result of inflation), the old level of rents will not yield a profit. If, as often happens, the government finally recognizes this and exempts new housing from rent control, there is still not an incentive to as much new building as if older buildings were also free of rent control. Depending on the extent of money depreciation since old rents were legally frozen, rents for new housing might be ten or twenty times as high as rent in equivalent space in the old. (This actually happened in France after World War II, for example.) Under such conditions existing tenants in old buildings are indisposed to move, no matter how much their families grow or their existing accommodations deteriorate."Read more - What Rent Control Does

Friday, September 12, 2008

Greg Mankiw's Blog: No Longer the Underdog

Greg Mankiw's Blog: No Longer the Underdog

McCain Is No Longer Underdog

McCain is not the case that he is no longer Underdog

If the market probability correct, McCain is now no longer underdog.

McCain market probability is no longer underdog is just a bit more than 50 percent and MaCain is no longer underdog.

Either market probability correct or McCain is no longer underdog.

The Market probability is correct if and only if McCain is no longer underdog.

Greg Mankiw's Blog: Fun with Statistics

Greg Mankiw's Blog: Fun with Statistics

Mr. McCain wants more tax cuts for the rich(R);
Mr. Obama wants tax cuts for the poor and middle class(D);
Therefore both parties are promoting inequality

Essentially all of the labor-market progress for women occurred during Republican administrations: eight years of Reagan, four years of George H.W. Bush, and six years of George W. Bush(R) ;
Carter and Bill Clinton were all Democrats, yet none of them witnessed much labor market progress for women during their administrations(D);
Therefore R is promoting equality and D is promoting inequality

So the evidence above says
R tax inequality and woman gender equality
D tax inequality and woman gender inequality

Therefore R is promoting equality and D is promoting inequality...So...Or

Greg Mankiw's Blog: The GSE Blame Game

Greg Mankiw's Blog: The GSE Blame Game

You need to be really silly to fix problem like this! Otherwise who is going to touch like this mess? Bit of ridiculous and arm with craziness! Blaming gaming, no worries, let them have their blaming game, make themselves dig their own grave for that game… – people don’t bite that kind silly bullet anymore, people only bite smart bullets.

Greg Mankiw's Blog: My Whereabouts

Greg Mankiw's Blog: My Whereabouts

Lots of hot stuff to read… awfully kind and generous! I think of Prof Friedman’s free lunch thing. It was deadly wise comment. Any way I am spending today tomorrow in here to read. No sun barking river bench read river ripples. Exams coming up so head down... When people really smart need lots of breaks because rolling their brain speed of light time – break and go… break and go I think. Either flight or drive from Massachusetts to Washington still burn lots gasoline. You can imagine what sort ideas comes up place like this… problems solving for world…humm… during cocktails, what are they talking about? Economics, probably politics too. Nice to see a Korean name there too!

Wednesday, September 10, 2008

Greg Mankiw's Blog: Equality in Health Spending

Greg Mankiw's Blog: Equality in Health Spending

When you see these, certainly we can not trust politicians and public servants. They all know how to spend on fortune on hiring consultants do the job for them. But they don’t know how to dirty work. They are time fillers! That is biggest problems of all. Hiring not so hard working not so smart – consultants how sticking needle to their tick brain squeezed “ the great and wizard hard working entrepreneurs” blood for taxing. Then spend on fortune on subsides farmers, buying not so poor for medicares. That is why all end up mess! Mess! “Equality" is dangerous when it gets into mind of people who wants power.

Greg Mankiw's Blog: Show Me the Money

Greg Mankiw's Blog: Show Me the Money

Why on earth bail it out for taxpayer money. Scoundrels pocketed by themselves and lost its plot. Amazing stuff, can get away this! If I were USA's people I am going strike, but then stakes much bigger that is…

Greg Mankiw's Blog: A Reading for the Pigou Club

Greg Mankiw's Blog: A Reading for the Pigou Club

In my view, tax is much preferred option, much easy to manage!
All the hotshots and brains – ofcourse can move the world if they want! Good for the planet!
Pigou Club

Greg Mankiw's Blog: McCain's Likely Tax Policy

Greg Mankiw's Blog: McCain's Likely Tax Policy

In his probability;

McCain says he wants to make the Bush tax cuts permanent…
Obama has made such a tax hike part of his campaign promises…so
Therefore, the next president to be promised will be tax hike permanent

Tuesday, September 9, 2008

Greg Mankiw's Blog: Thoughts on the GSE Takeover

He says he only has three reactions

...it is better to get on with it…

He is very sad….

The problem is far from over….


When problem begins you begin… you become a superhuman…

Sunday, September 7, 2008

Greg Mankiw's Blog: Post-Partisan Tax Policy

Greg Mankiw's Blog: Post-Partisan Tax Policy

HERE ARE FIVE WAYS A HEAVY TAX ON DIVIDENDS MESSES THINGS UP:

CONSUMPTION VS. SAVING When the tax system depresses the return on a major asset class like corporate equities, households have less incentive to save for the future. Reduced saving means less funds for capital accumulation, which in turn impedes economic growth.



HOUSING VS. BUSINESS CAPITAL Wealth invested in your own home has several tax advantages. These include the mortgage interest deduction and the absence of any tax on imputed rent (the value that homeowners earn implicitly by getting a place to live). By taxing business capital highly, the tax laws induce people to invest too much in housing and too little in businesses.

NONCORPORATE VS. CORPORATE Because noncorporate businesses like partnerships are taxed only once, they have an advantage over twice-taxed corporations. As a result, too much of the economy’s capital stock ends up in the noncorporate sector.

DEBT VS. EQUITY FINANCE Because interest payments on corporate debt are deductible for corporate income tax calculations, this capital income is taxed only once. This asymmetric treatment of debt and equity finance induces companies to issue more debt than they otherwise would, increasing leverage and the economy’s financial fragility.

RETAINED EARNINGS VS. DIVIDENDS Companies can avoid the dividend tax by retaining earnings rather than paying dividends. Excessive retained earnings, however, impede the movement of capital from older cash-generating companies to newer ones with better prospects.
Greg Mankiw's Blog: Post-Partisan Tax Policy

Saturday, September 6, 2008

Greg Mankiw's Blog: Is TV bad for kids?

Greg Mankiw's Blog: Is TV bad for kids?

Evidence say? I am gonna watching TV!
But what I am going to watch? No Carl Sagan, and no Star Wars...

…Both studies focused on children from
relatively poor families. The Perry study enrolled an intervention
group in a two-year part-day preschool education program
during ages three and four. The Abecedarian project enrolled children
in a five-year full-day day care program through age five. In
both cases, children were randomly assigned to intervention and
control conditions, and both sets of children were followed into
adolescence. In the Perry program, children in the intervention
group scored one- to two-thirds of a standard deviation higher on
achievement tests at age fourteen (the average age of students
in our Coleman sample), with an overall effect of about one-half
of a standard deviation. In the Abecedarian program, effect sizes
on achievement at age fifteen were on the order of one-third of
a standard deviation. Norming these effects for the differences
in treatment duration between the studies, the Perry program
had an impact on achievement of approximately 0.25 standard
deviations per year of intervention, and the Abecedarian program
had an impact of approximately 0.07 to 0.08 standard deviations
per year.28

Greg Mankiw's Blog: Post-partisan Health Policy

Greg Mankiw's Blog: Post-partisan Health Policy

The most promising way to move forward in all three dimensions – coverage, cost, and long-run fiscal situation – is to replace the employer exclusion with a tax credit...

Votes goes who is best offer

Friday, September 5, 2008

Greg Mankiw's Blog: Ed's Dream

Greg Mankiw's Blog: Ed's Dream

A Dream Team

On a fine day, an ivory tower, St. Nicholas and Ludwig their cool grande latte from starbuck front and talking about things around traps as;
St. Nicholas: Ludwig what do you think about my tax?
Ludwig: It should be my choral fantasy with nasty nasty scores. What do you think about my human capital?
St. Nicholas: well they should be my gift of people conquers all reliance of regions become atheists sod

Greg Mankiw's Blog: Two Good Weeks for John McCain

Greg Mankiw's Blog: Two Good Weeks for John McCain

Great position though, crane dance, elusiveness and ability to peck vital parts of the gorilla's anatomy – from there… he he exciting….

Greg Mankiw's Blog: The Shiller Solution

Greg Mankiw's Blog: The Shiller Solution

How to rebuild Subprime Mess?
Financial Innovation
What is financial innovation?
financial innovation is financial innovation
what cost then?
In a “theory” cost can be anything nothing
A penny a dot a sky a you and me or Beethoven
Aha mess problems solved
State of your mind

  • Robert Shiller
  • Greg Mankiw's Blog: The Pigou Club Manifesto - Director's Cut

    Greg Mankiw's Blog: The Pigou Club Manifesto - Director's Cut

    Smart Taxes: An Open Invitation to Join the Pigou Club

    "As judged by the standard principles of economics, however, rather than by the standards of politics, higher Pigovian taxes are not wacky but eminently sensible...." By N. Gregory Mankiw.

    Just stuck into his blog for few months then you would know what is the oily tax mean.

    Greg Mankiw's Blog: Economic advisers go at it

    Greg Mankiw's Blog: Economic advisers go at it

    Strive to fight, tell the world what you are, your decision based on unknown wellknown evidence, pick the pitch from here there; epoch and go over, even if you are not so sure but the best pretence will never guarantee certainty. Nice fight - Mongrels and pit-bulls terriers are territory

    Thursday, September 4, 2008

    Greg Mankiw's Blog: Bad Money, Bad Book

    Greg Mankiw's Blog: Bad Money, Bad Book

    She hasn’t get a fine new silver coin instead she has get a fine gold coin and she gets free lunch!

  • Gresham's Law
  • Greg Mankiw's Blog: When Co-teachers Collide

    Greg Mankiw's Blog: When Co-teachers Collide

    Fight must go on – everyone joins the ring have a go --- hehe it is all about life on gorget! attack and parry... tax up and down...

  • Counterfactual conditional

  • Baseline (Budgeting)
  • Wednesday, September 3, 2008

    Greg Mankiw's Blog: High Finance

    Greg Mankiw's Blog: High Finance

    Great killer stands – humm a 3 million teaser stand!

  • Adjustable rate mortgage
  • Greg Mankiw's Blog: I am a friendly guy

    Greg Mankiw's Blog: I am a Killer of Seven Seas

    I now have friends all over seven seas, I kill you softly softly, you wouldn’t even know, call me pushover I am ready to befriend anyone; explores pirates killers sharks angels harlots thieves murders nuns monks presidents ceos hotshots thou into expedition of killing.

    If I ever offend you ( which I normally do) just accept as a token of endearment!

  • Problem solving

  • The Long Winters - Pushover
  • Greg Mankiw's Blog: The Problems with Census Data

    Greg Mankiw's Blog: The Problems with Census Data

    This is a huge area!

  • Employee benefit
  • Tuesday, September 2, 2008

    Greg Mankiw's Blog: The McCain Tax Plan

    Greg Mankiw's Blog: The McCain Tax Plan

    Sizzling tax in the fry pan!

    Greg Mankiw's Blog: Cross-Price Elasticity of Demand XIII

    Greg Mankiw's Blog: Cross-Price Elasticity of Demand XIII

    High gasoline price really good for all around – more more rise sky rocket high; people would be more ingenious innovative, more save more exercise less death toll on the road -- nothing but good news, probably lots jobs create for working at home so… but probably lots of sex so may be birth rates rise … bit of problem too but trade off…

  • Civil Aviation
  • Monday, September 1, 2008

    Greg Mankiw's Blog: Allocating Airport Landing Slots

    Greg Mankiw's Blog: Allocating Airport Landing Slots

    He went to a airport today! Why lots of people so nice - give a way their hard work for free? We have to ask that question in our mind! Thanks sky, thanks birds... thanks thanks thanks...happy thanks

  • Queueing theory

  • CIA Field Listing - Airports