He shows that there was no West German consensus for central banking independence when the Federal Republic of Germany was established in 1949. Far from it, the issue was a controversial one. This was because of the poor record of central banking independence during the inter-war period.
I always wondered how supported the “inflation trauma” is. It seems to be kept alive mainly by the madia because it makes the narrative easier. The article somewhat supports my hypothesis that the Bundesbank is usually “getting away with murder” (70s, reunification, early 00s) and can easily shift blame on to politicians or other institutions. Will have to read his thesis or papers when they are public.
So, that’s 1936. That was kind of the end of people in economics. And it wasn’t intentional that that happened. The people like Paul Samuelson who started the mathematical revolution in economics didn’t mean to leave people out. But the easiest models to write down are models of rational choice.
1) theguardian.com: Georg Baselitz: why art’s great shock merchant has set his sights on opera
I don’t necessarily agree with his view that women can’t paint, but I do wonder where are women the most successful? Literature? Music? Hmm.
The airport features a butterfly garden, an orchid garden with a koi pond, and an “enchanted garden” that combines flowers and soft ferns with sculptures and sparkling lights.
Not surprised to see Seoul being nr. 2. I doubt something like that would be build in Germany, and, while it’s beautiful, it’s also not really necessary and maybe even a waste of money.
3) afinetheorem.wordpress.com: The Economics of John Nash
Probably the best post on Nash’s academic contributions I’ve read so far.
But in real life, I find generational arguments infuriating. Overly schematised and ridiculously reductive, generation theory is a simplistic way of thinking about the relationship between individuals, society, and history. It encourages us to focus on vague ‘generational personalities’, rather than looking at the confusing diversity of social life.
I think there are differences between people who grow in different times, however, they are not clear cut and the intragenerational differences are very pronounced, too. Still, as long as you don’t overgeneralize and overemphasize generational differences there’s no problem.
Medical errors kill more people than car crashes or new disease outbreaks. They kill more people annually than breast cancer, AIDS, plane crashes, or drug overdoses.
This, I did not know.