Nobel Prize – expectations

The Nobel Prize in Economics for 2011 has been given to Thomas Sargent and Christopher Sims for their work on how central bank policy shapes an economy dynamically. There’s always a bit of politics in this Nobel Prize, and this year is no different. Continue Reading

Scaring ourselves with numbers

October is always a scary month for stocks.  The profits from summer months spent lounging at the beach are never all that great and the cold winds of autumn remind everyone that the carefree daze are gone.  As the numbers roll in at the start of October there is a natural tipping poi Continue Reading

Learning socially

In a world that is changing rapidly how do you keep up with everything?  The answer, for many people, is continuous education – which translates into a steady stream of seminars under the glow of PowerPoint presentations.  Keep drinking in the knowledge dispensed by experts, the theory runs, Continue Reading

A realistic generation

The bundles of anxiety that used to be our kids bubbled through the high school parking lot towards parents long used to waiting.  A normal day would never end with something as uncool as a ride from Dad – that’s what Metro Transit buses are for.  But this day they were coming back from a camping trip and had bundles of stuff under tired arms.  The milling crowd was my chance to Continue Reading

Come the dawn

You wake up in the middle of the night for no apparent reason.  There are simply too many things going through your mind to be able to sleep through the quiet hours of the night.  A trip to the kitchen and a few moments staring out the window at a dark and peaceful world aren’t quite enough.  The stillness envelopes you and your world as a threat, not a moment of peace warm in be Continue Reading

The next economy

The economy is in transition.  Many of you think we’re headed straight downward, but there’s always a chance that better times lie ahead.  But what will the next economy look like?  Barataria has always taken a punt on this, stating that no one can possibly know what the Free Market™ will do.  But over time a few trends have become clear and we can be sure that a fe Continue Reading

A decade, or so

It’s been a decade since 9/11, with its terrible rumblings shaking the foundations of our free and open society. That is reason enough to pause, but there is another anniversary that is coming up as well. Continue Reading