ArchiveDecember 14, 2018

Insiders vs. outsiders in economics

Outsiders have their own form of confidence. When they look at the Insider, they think that they see a naked emperor. They understand the Insiders’ methods well enough. But the Outsiders are convinced that these methods are narrow-minded and limiting. During the housing bubble, when he wanted to confirm his hypothesis that home buyers were expecting unsustainable rates of house price...

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Professor and quant guy. Libertarian turned populist Republican. Trying to learn Japanese and play Spanish Baroque music on the ukulele.

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