Friday, December 30, 2011
Thursday, December 29, 2011
M.I.T. Game-Changer: Free Online Education For All - Forbes
M.I.T. Game-Changer: Free Online Education For All - Forbes
Could be incredibly valuable, most likely in exporting education to highly wired underdeveloped countries, perhaps Indonesia?
a totally free college education regardless of your academic performance or background. The Massachusetts Institute of Technology (M.I.T.) will announce on Monday that they intend to launch an online learning initiative called M.I.T.x,which will offer the online teaching of M.I.T. courses free of charge to anyone in the world.
Could be incredibly valuable, most likely in exporting education to highly wired underdeveloped countries, perhaps Indonesia?
Common mistakes of right-wing and market-oriented economists? — Marginal Revolution
Common mistakes of right-wing and market-oriented economists? — Marginal Revolution
Along with its companion piece vs left wing economists, good place to start if one wants to dig deeper into what's (normatively, though probably only nominally...) right and wrong.
Along with its companion piece vs left wing economists, good place to start if one wants to dig deeper into what's (normatively, though probably only nominally...) right and wrong.
Tuesday, December 27, 2011
Thursday, December 22, 2011
Wray: Krugman has shined the headlights on the crucial currency issuer-currency user difference � naked capitalism
Wray: Krugman has shined the headlights on the crucial currency issuer-currency user difference � naked capitalism
From an investing standpoint you have to get this one right. The bond vigilante paradigm has been false in Japan and now in the US as well. If you had seen rates in Japan at 2% and shorted them saying they would come up, you would have lost your shirt. Conversely, if one uses the currency sovereignty paradigm, the short-JGBs trade is one that one would have avoided.
What a cautious investors should do is shun repressed assets and seek next best alternatives in similar assets classes or in different currencies – corporate over government bonds, Canadian over US, etc. Indonesia, for example is an opportunity.
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