Gotta get me one of these (hat tip ES)…
My engineering background is no doubt responsible for the discomfort that is experienced when listening to others talk about root cause (i.e., in the peer reviewed world of hard sciences, you can’t just say you’ve found the root cause) and the latest example of this comes from the White House via this Friday Funny at reason.com.
Other examples in the world of economics and finance involve “the lack of aggregate demand” being the proximate cause of our recent malaise and you can take your pick of many root causes (which are highly dependent upon your world view and who signs your paycheck) for the worst financial crisis since the Great Depression that, almost uniformly, reject the view that, as so eloquently noted by Pavlina Tcherneva in this item at New Economic Perspectives, “We live in a casino economy driven by serial asset bubbles”.
From this item at the Weather Channel on the Top 100 Photos of the year comes the image below depicting how “lake effect snow” around Buffalo can make life interesting.
Of course, that first stop sign was probably pretty interesting too. More photos from the massive snowfall last month can be found here.
This little ditty by MIT economist Jonathan Gruber, one of the main “architects” of the Affordable Care Act (more affectionately known as “Obamacare”) has been making the rounds over the last day or so and for good reason.
It would seem that the most disturbing thing about this is that he’s got a little gleam in his eyes, as if he’s proud of what could be accomplished through this deception.