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!

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

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

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...

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

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…

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.

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!

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!

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

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."

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

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!

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

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…

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

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

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

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)

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

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

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

Greg Mankiw's Blog: What to Read

Greg Mankiw's Blog: What to Read

...Though politicians often claim that they are working towards "free trade," an idea the book supports,...
Breeding money like air -- Spring time reading! Has he read all these Books? I wonder why worst books? I might read worst books first then go from there! I love free things, not that I am super stingy like my brother rather, make me feel good, but I search for free things I like instead someone force to me have free things. I know “There Ain't No Such Thing As A Free Lunch” But like Prof, Friedman's Capitalism and Freedom free book but I found it! Lots of things to fry in a hot frying pan!

http://en.wikipedia.org/wiki/Capitalism_and_Freedom

Greg Mankiw's Blog: The Palins: Fans of retirement saving

Greg Mankiw's Blog: The Palins: Fans of retirement saving

WoWWWWWWW Jackpot! What a ferreting! The real people - the real story, the ticket for the 18 millions surely!And More... Nice to have heap of ferreting friends cheesy places and around traps – gets all these nice juicy stuff!

Sarah Palin

Greg Mankiw's Blog: McCain veep pick is not a member...

Greg Mankiw's Blog: McCain veep pick is a member...

NO experience + NO experience = experience
No experience + Experience = No experience
and
Experience + Experience = Experience

Greg Mankiw's Blog: Sachs on the Digital Divide

Greg Mankiw's Blog: Sachs on the Digital Neighbours

Lots of great minds around the world you know! - This is great example where you do thing gracefully when you have plenty - make world less painful!

Prof E. Brewer

Greg Mankiw's Blog: The Political Divide

Greg Mankiw's Blog: The Political Divide

My grandmamma used to say – she was an extraordinary waste not person. I think she was the finest example of ultra resourceful environmentalist– "when you have plenty you can help others by sharing." She was talking modern economic terms “Spillover effect”.
Our farm and our business (brewery and fishing) were generated large jobs; Town people know that they have jobs in our farm and our business if they want.
We can not yield our business without their help! In these days Korean didn’t have welfare system. People don’t like handout, even if uneducated country people! Anyway been thinking, 100% employement my hometown is, the norm made everyone impossible not working!

Justice(economics)

Greg Mankiw's Blog: Ec 10 is now in Gen Ed

Greg Mankiw's Blog: Ec 10 is now in Gen Ed

Lots of smart students doing exactly same thing as their parents do? – true or false?

Curriculum

Greg Mankiw's Blog: Seeds of a Mess

Greg Mankiw's Blog: Seeds of a Mess

Seed to grow --take a five years! Pure economic mess - People should sue the New Agency for the mess --

Construction

Greg Mankiw's Blog: Feldstein on the Housing Market

Greg Mankiw's Blog: Feldstein on the Housing Market

Defult

Greg Mankiw's Blog: Dynamic Scoring

Greg Mankiw's Blog: Dynamic Scoring

Confrontation to understanding - Fate of Tax
Let me weep over your cruel fate
And that I long for your full coffer

Dynamic scoring

Prof Dan Ariely

Greg Mankiw's Blog: Volatility is up

Greg Mankiw's Blog: Volatility is up

“What made investors so damn exuberant or so gloomy?” It depends on what sort of cycle you are in – everything cycle, 9000 heads monster, cherub, bitch-fox, piranha godly grief courses of living that is all…

Herd

Volatility

Dr. Markus Glaser

Prof. Dr. Dr. h.c. Martin Weber

Greg Mankiw's Blog: Feeling Her Pain

Greg Mankiw's Blog: Real People Real Pain - Feel Deeply Deeply!

I feel deeply deeeeeeeeply her powerless saddled real debt $24 million and husband for looking for paycheck … miles miles around world… what a real couple…

Greg Mankiw's Blog: Reports from Jackson Hole

Greg Mankiw's Blog: How Wonderful Place Not to Go!

Sadly Missed This Year! Gee lots of good old things around, like my home town, you can walk backward, all the way home!! Light house is not really old look,it probably painted it for new looking for visitors! Fair enough, exactly the place you go when you are nutty!! And this year, go to the international summer hole congregation!

Nantucker Massachusetts

Nutttucker - Must NOT Read!

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

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

Pigou Club Deathless Certification!


Car accident

Greg Mankiw's Blog: Summers on Trade

Greg Mankiw's Blog: Summers Sizzling Hot Trade

The global consensus is unravelling and always has been, first and foremost!

Old Roman Money

Trade

Greg Mankiw's Blog: Friedman on Nudge

Greg Mankiw's Blog: Tugboat on Nudge

Versatile tug boats – I love tugboats!! They are gentle but no non-sense!

Wellington Harbor Beautiful Tug Boats


They remain my red boots - Very very beautiful!

Tugboat

Greg Mankiw's Blog: Biden on International Trade

Greg Mankiw's Blog: Unveiling USA Candidates!

Here is a HUGE Korean Ship! -- All about Free Trade


You need to do bit of whoring, better loved by many free hot whores rather then one cold mistress!
Before this I didn’t know who was the real one --- if I were USA citizen!
Biden bottom middle Barack bottom left and McCain. Right Top! --- I know now where is my road is if I were!

Free Trade

Greg Mankiw's Blog: Does money undermine community?

Greg Mankiw's Blog: Does money can make difference?

Yeah Yeahhhhhhhhhhhhh!

Peter Singer Wiki

The Ethics of Life

Greg Mankiw's Blog: Corporate Taxes Here and Abroad

Greg Mankiw's Blog:USA's Steady Corporate Taxes

OECD Investment News

Greg Mankiw's Blog: We're not in a recession

Greg Mankiw's Blog: We're not in a recession

Buy $5 economic is not recession – he is selling it 5 buck

Real versus nominal value (economics)

Propaganda

U.S. Bureau of Labor StatisticsNewsroom | Tutorials | Release Calendar - Employment Situation Summary

Greg Mankiw's Blog: The Bestselling Economics Books

Greg Mankiw's Blog: The Bestselling Economics Books

WOW he is selling his soul for the economics!!

Principles of Microeconomics - Prof N. Gregory Mankiw

Macroeconomics - Prof N. Gregory Mankiw

Greg Mankiw's Blog: More on Obamanomics

Greg Mankiw's Blog: Obamanomic is a State of the Union laundry list

Gee he has an army of smarty blunders

Greg Mankiw's Blog: Charlie Rose interviews Austan Goolsbee#links

Greg Mankiw's Blog: Charlie Rose interviews Austan Goolsbee

Everyone has right to say whatever they want – bit worry some although humh… So called a smart academian who is very much medley in love for his party that make him blinded to see the true. but then the terms of true also questionable, as which side you are in, which state of mind you are in… anyway I think he is on under influence (duress) of the love of his love so his thinking is not rational… but then we all know love is make you silly… silly man… he will lose all for sure! When you are under duress from a silliness the sky is looks like a little coins so he doesn’t have any clue what is in rolling in his tongue… as they say “you never truest people who talk too much!” But anyway this world has full of unfairness and also fairness depended which side you are in.

Mind you we humen are very much like the nature... We would like to pay what is equitable and fair… also been thinking about terms of equitable and fairness, it is a big question – how to measure the equable and fairness… one thing for sure I certainly don’t want to pay tax every steps I make and government(or a candidate buying his votes) subsided the rich fat framers to buy more gasoline to burn for the production of their cone for bio-fuel for their fat wallats while lots of children are hungry!!

Tax on Solar terms

Solar terms

Laffer curve

Greg Mankiw's Blog: Pindyck on Energy Policy

Greg Mankiw's Blog: The favorite sonnet of the Pigou Club:
"a tax on carbon, a tax on gasoline -- a large one"

This is from an Oxfam Briefing Paper

Another Inconvenient Truth

The current biofuel policies of rich countries are neither a solution to the climate crisis nor the oil crisis, and instead are contributing to a third: the food crisis. In poor countries, biofuels may offer some genuine development opportunities, but the potential economic, social, and environmental costs are severe, and decision makers should proceed with caution.

Ethanol tariffs

The most salient example of this in both the USA and the EU is the tariff raised on ethanol imports. The USA applies a tariff of 2.5 per cent and $0.54 per gallon added duty ($0.1427 per litre); the EU €0.192 ($0.30) per litre; Canada C$0.0492 ($0.047) per litre. While in all cases, preferential access is available to certain countries, these tend not to be significant producers of ethanol. Most notably, the tariff applies to Brazilian ethanol in each case. The net effect is to significantly reduce imports.

Although Brazilian ethanol production is far from perfect and presents various social and environmental sustainability problems discussed elsewhere in this paper, it is the most favourable biofuel in the world in terms of both cost and GHG balance. To argue that your policy objective is emissions reduction while simultaneously restricting imports of Brazilian ethanol is incoherent.

The costs of these distortions extend beyond the financial. The most profound example is the USA, where production of corn-based ethanol, sheltered from competition with its sugarcane cousin, continues to snowball. This is not a good thing: corn ethanol is heavily dependent on fossil fuels, often coal, endowing it with one of the worst GHG and energy balances of all...

Greg Mankiw's Blog: Dr Boom

Greg Mankiw's Blog: Dr Boom

You can change him very simply – He is Dr Boom Boom from now on here, he opens a fortune telling business... he is happy now...he can smile nicely too...

Anyway I would like to comments on Dr Roubini's comment:

Roubini said “….This might be the beginning of the end of the American empire.”

I disagree with him on this as:

USA is not only has a military power to able to invade other counties but as well as political, beacon of economics, scientific and cultural power.

USA’s economy is still growing even 2-3% scales.
USA has the biggest international brand power houses: MacDonald, Coca Cola, Microsoft, Google e.g
USA has major top universities; Harvard, MIT and Princeton e.g
USA is the leader of world science and has major scientific research centers, attracting lots endorsements.
USA is attracting best brightest people around world; “brain drain”– this is future growth.
USA has major entertain industries; leading movies, games, various music industry e.g
USA went to the moon, attracting many great engineers and scientists research on frontier; space , deep seas e.g.
USA is major donor poor counties e.g Africa and solving lots of world problems, which make them easier excise its superpower.
USA is democracy and free market ….

No countries match on these so far… the "Sword and Seal"...

Superpower

Nouriel Roubini

Greg Mankiw's Blog: Obama's Top Marginal Tax Rate

Greg Mankiw's Blog: The Marginal Life

This is a tasty bit!

"When added up, the top effective marginal tax rate rises...from 37.9 percent to roughly 48 to 50 percent."

"I suppose that, for thinking about work incentives, one should add on a few percentage points for state and local taxes as well."


In addition, a few percentage of breathing and walking as well, that would be nicely add up about 60%! who knows then everything for free, rest of the money is for your nice pocket money! Then no one wants to go to work, hehehe there would be no money for the Coffer!!

Tax

Greg Mankiw's Blog: How to Prop Up the Housing Market

Greg Mankiw's Blog: How to Prop Up the Good Breeding

Interpretation - How To Increase Nation's Wealth -Proven Track Record Of the Most Politically Incorrect Way - Good Breeding Exercise!

Real Estate

Greg Mankiw's Blog: A Portrait, in ASCII

Greg Mankiw's Blog: A Portrait, from a Dumpling!

How Touchingly Lovely Doubly!

List of Asteroids

History of economic thought

The Centre for History and Economics

Portrait

Greg Mankiw's Blog: Toward, and Away From, Bipartisanship

Greg Mankiw's Blog:"First, and Last always Together "

An eyes popping sentence!

The tax rate on dividends would also be 20% for families making more than $250,000, rather than returning to the ordinary income rate.

Bipartisan

Greg Mankiw's Blog: Summers on the Economy

Greg Mankiw's Blog: Economy on the Summers

Larry, Larry from Summer

Supply shock

Wharton Finance Knowledge Project

Greg Mankiw's Blog: The Obama Tax Plan

The Obama Blameless Hidden Agenda

Click through to read the wisest ferreting’s, but here is your eyeball popping and blood boiling!

Surely without the full Coffer how could he fulfilled all the cheesy promises!

Income tax

Tax rate

Greg Mankiw's Blog: The Big Sort

The Stuck Together "Scratch My Back I Scratch Yours "

..."The facts of life do not penetrate to the sphere in which our beliefs are cherished,"...writes Proust.(THE VITAL CENTER, Schlesinger, Arthur M.Jr)

Economic restructuring

Arthur Schlesinger, Jr

Greg Mankiw's Blog: Feldstein on Monetary Policy

Greg Mankiw's Blog: Feldstein on Monetary Policy

Perfectly competitive market, neither employers nor employees have market power and where labor is not unionized. Union employee a wide variety of strategies – exertion of power to force employers to pay higher wages. They exercise of power thought strike e.g. do more then imbalance power between employer and employee – where unionization gives employee upper hand. If wage that employer are forced to pay as result of the exercise of union power is higher than the competitive equilibrium wage in this market the unemployment will be created.

Monetary policy

Union wage premium

Enterprise Bargaining Agreement

Greg Mankiw's Blog: Obama's View of Oil Markets

Greg Mankiw's Blog: Obama's View of the Basic Forces

"...It is not lack of competition that is keeping oil prices high but, rather, the basic forces of supply and demand..."

Newton principia

Legal Positivism

Theories of law - Wiki

Greg Mankiw's Blog: Ec 10 in an Alternative Universe

Greg Mankiw's Blog: Ec 10 in an Altered State

His grand coming out tour

Ahaaaaaaaaa Finally Come Out!!

Today Ec 10 Lesson

Greg Mankiw's Blog: The View from the White House

Greg Mankiw's Blog: The View from the Heart
...
10-second macroeconomic review

GDP = Consumption + Investment + Government spending + Exports - Imports = C + I + G + X - M

In summary:

* We think the stimulus is working and increased Q2 consumption and GDP.

* The effects of the first stimulus are not yet complete. Most of the cash is out the door, but we think there will be increased consumption effects this quarter, and a diminishing amount in Q4.

* For many, "second stimulus" is code for "allow Congress to increase politically popular government spending shortly before Election Day, and call it macroeconomic stimulus."

* Increased government spending is slow and ineffective macroeconomic stimulus.
...

The Ripple Effect

Spending multiplier

Greg Mankiw's Blog: Is a windfall profits tax Pigovian?

Greg Mankiw's Blog: Is a windfall profits tax Pigovian?

To keep things simple, imagine we were considering a small country that takes the world price of oil as given. Then a windfall profits tax on domestic companies discourages domestic production, but has it has no effect on domestic consumption.By contrast, a Pigovian tax at the gas pump reduces domestic consumption but has no effect on domestic production.
In a hypothetical closed economy, production and consumption are the same, so the two plans become closer. But even then they are not exactly the same. A tax on (accounting) profits is not the same as a tax on production. The former may distort the the choice of factor inputs (that is, capital vs labor), while the latter will not.

Gear

Greg Mankiw's Blog: Feldstein on the Tax Rebate

Greg Mankiw's Blog: Lets Do "Kick Start" Priavte-Sector Damand

Many mopeds and scooters still carry both a kickstart and an electric start, the former being useful in case the latter fails, as scooter and moped batteries tend to be smaller and, as a result, run down much faster than other forms of automotive batteries. Also, it is usually not possible to push start a moped or scooter with automatic transmission.

Kick Start - Authoritive Kick

Martin Feldstein

Economic Stimulus Act of 2008

Greg Mankiw's Blog: And they call this "progressive" taxation

Greg Mankiw's Blog: And Renamed "Dark Vile" taxation

Arguments against implementation "Suicide Tax"

The diminishing returns argument applies to the fraction of income used for present consumption. As income rises, diminishing returns implies that a smaller and smaller fraction of income will be spent on consumption goods. The remaining income will (of necessity) be used to purchase capital goods. This acts as a form of positive feedback that in turn yields more income for capital spending. Meanwhile (and because) these capital goods induce a decline in the costs of production which has the effect of raising real wages generally and implicitly raising the general standard of living. The income paid back on the capital helps create the disincentive to consume that creates capital spending. Thus, those capitalists who effectively manage their property are rewarded and given control of more (newly created) property, of which they are increasingly less inclined to consume and increasingly more inclined to purchase capital goods and thus further elevate the general standard of living by driving down the costs of production. As they acquire more capital goods, eventually their ownership outstrips their ability to manage and oversee what they own; however, they only control as many capital goods as can be attributed to the income of their prior capital---which previously did not exist. Therefore, their ownership does not negatively contribute to the general standard-of-living relative to counterfactual state of them not purchasing those goods. It would thus be misleading to argue that redistributing their capital may yield further increases in the standard-of-living. Doing so may well cause that effect, but doing so neglects that it was the assumption that redistribution would not happen that induced the accumulation of capital. — Eugen von Böhm-Bawerk, Karl Marx and the Close of his System, 1896.

Ross Lockridge, Jr.

Progressive Tax

Greg Mankiw's Blog: The Value of Oprah

Gee, What is Her X-FACTOR?

Oprah Way - Her Best Life!

Greg Mankiw's Blog: The Present Danger

Greg Mankiw's Blog: The Present Danger -Governments' Love Affair with Power

Committee on the Present Danger

Aleksandr Isayevich Solzhenitsyn

Aleksandr Isayevich Solzhenitsyn

Aleksandr Isayevich Solzhenitsyn passed away at August 3, 2008.
My love affair with Russian literary started when I was eight or nine years old from my uncle room. First Tolstoy’s the Resurrection. I didn’t know what that all words and meanings begin with but I read bits and pieces and became aware new things, difference things. He had a huge collection of philosophy and literary especially Russian and German. Some of these books and prints pictures were forbidden than. I was not allowed to enter his room but no one knew what I was doing anyway. I dug out hidden images underneath bookshelves, unbelief I was horrified and fascinated. During school holidays I was eager to come back home from Seoul. The dark moody with mould scented room was waiting for me with long lost friendly warmth. Poems, I start wrote poems than… dark immensity I was dreaming the landscape and lead to music… you can feel the people suffering, darkness despair longing and the great beauty. Yes I learnt the Beauty from the giants.

Greg Mankiw's Blog: The Wu Index

Greg Mankiw's Blog: The Wu Index

"let w be the predicate: to be a predicate that cannot be predicated of itself. Can w be predicated of itself? From each answer, the opposite follows. Likewise, there is no class (as a totality) of those classes which, each taken as a totality, do not belong to themselves. From this I conclude that under certain circumstances a definable collection does not form a totality." Russell (June 16, 1902, letter to Frege)

Information about:N. Gregory Mankiw - RePEc

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

Greg Mankiw's Blog: A Reading for the Pigou Club - Crude Greasy Brains

From Harvard economist Ed Glaeser

Greg Mankiw's Blog: A Paradox

Greg Mankiw's Blog: A Paradox

Alan often told to me: “you are impossible, bad tempered, selfish, impractical, ridiculous, obnoxious, so therefore no man have you BUT only me!” I am not sure whether he really means I am a loveable or not! Here are some of my nickname from him among many many; pest, ferret, cherub... He basically tired of me asking so many questions...so I am asking myself...

Actually my grandmamma used told me similar: "you are untidy, talk-back and wild, willful, so many quesitons, playing with boys, not wearing socks and you always run - no man going to marry you(this is a big insult in Korea, within family Threatening!)!" hehe she was wrong!!!

But actully I agree with her, as you can see I am completely lack of all the virtue any good Korean girl should have or any western girl should have. Who was going to marry a girl like me, Alan always tells me, he was the shining knight who rescued a bad tempered skinny girl with fiery eyeballs from the pit!

Paradoxes and Contemporary Logic

Statistics

Greg Mankiw's Blog: Why food prices are rising

Greg Mankiw's Blog:Food prices? Blame Policies, Not Markets!

"...a top World Bank agricultural economist, have imputed a large proportion of the rise in food prices to the growing use of food crops for fuel.

...The leading trading countries have repeatedly failed to commit to real reform, with short-term political convenience overriding their own national long-term interests."

Think about it, how many politicians have guts to take a risk their “minority” vote for sake of nation’s long term interest! Masquerade under “farm”, for many - it is very emotional word.

Doha Development Round

Greg Mankiw's Blog: What do economics and hummus have in common?

Greg Mankiw's Blog: What do economics and hummus have in common? Hot spicy and temperamental!



This is my favorite hummus

This is my Korean favorite - Don't know how to make, takes ages to make! That is only I know! Eating? - No Worries!


This is another my favorite Pampushky which I am going to try!

This is the most mind boggling of all - The Divine Solow Delicacy


Here are recipe of variety neoclassical cuisine,
Rid your insatiable gourmet with style of gallantry.
Vibrant texture; color style space filled your emotion!
Occupied immensity with coral trout, beautifully lacquered
Firebird Peking duck walking with tangy, fleshed faced
With parched-thin skin, sense of sublime through desire to be worship!

Neoclassical

Yummy Hummus

Greg Mankiw's Blog: More on the GSE Rescue Bill

Greg Mankiw's Blog: More on The Old Fat Dowager Wolf Tribute

Hire few bloodthirsty ferrets go through the cardiovascular systemic circulation

Greg Mankiw's Blog: The Cost of Being PC

Greg Mankiw's Blog: The Cost of Being Crazy

He live in his mad house - his brain
Positioned an elite well sheltered mad institution
Get PhD in Economania
Lucrative and profitable, no worries
Aggregated demand for his fundamentals
Aggregated supply for his choosy cool Grande Latte hot summer day
Then become a tenured nut prof
Genders talons in his brain
Sultan of secular racisms sexism fascism dimorphism eugenics
Become a famous brand - the life is fundamentally fair!

Eugenics