Tuesday, April 10, 2012


Great conversation between a physicist and an economist. "At that 2.3% growth rate, we would be using energy at a rate corresponding to the total solar input striking Earth in a little over 400 years. We would consume something comparable to the entire sun in 1400 years from now."

Astonishing and hilarious - Tyler Cowen thinks that U.S. higher education is "perhaps the most competitive and successful sector in the most competitive and successful economy of all time"! Three-quarters of colleges in this country would fold up if employers were allowed to IQ test in hiring.

Economic surprise index is turning back down. And so are high yield bonds.


Stagflationary Mark said...

As a guy with a physics degree and an Illusion of Prosperity blob, I found the following quote within your link well beyond amusing.

Reflecting on it, I kept thinking, “This should not have happened. A prominent economist should not have to walk back statements about the fundamental nature of growth when talking to a scientist with no formal economics training.”

Stagflationary Mark said...

blob? blog? It's all good, lol.

Stagflationary Mark said...

I created a chart that was inspired by this post.

CP said...

Why did you choose a ten year timespan for the chart? What if the effect operates more quickly than that?