The Context: I initially published this piece as a group email in late mid-August of 2011. It was very much of-its-time, as the second week of August 2011 had been one of those high-volatility, big-fear, no-fun periods that happen in the financial markets from time to time (and, seemingly, from […]
Oops. Yesterday’s post went long. Lesson learned: explaining something that is a big mystery to most folks is hard to do (for me anyway) in a quick posting. How does Krugman do it? I’m keeping stats (remember the MBA’ism: that which is measured is controlled, and remember this Friedman’ism: that […]