The Dangerous Economist

The Blog of Cyril Morong

Tuesday, September 30, 2008

Did Economist Hyman Minsky Predict The Financial Crisis?

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You can read about it at Financial meltdown: Hyman Minsky warned us this would happen Here is a key exerpt: "At its core, the Minsky vi...
Sunday, September 28, 2008

Is The Economy A Bathtub? Are The Patient's Arteries Clogged? Welcome To The World Of Economic Metaphors

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The Wall Street Journal had an article recently called In Financial Crisis, Metaphors Fly Like Bad Analogies . I guess that when times are u...
Thursday, September 25, 2008

Is Barack Obama "Too University Of Chicago?"

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That was a question asked on MSNBC’s Hardball by Chris Matthews earlier this year. I guess that since Obama taught law at the University Of ...
3 comments:
Wednesday, September 24, 2008

More On The Financial Crisis

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Normally I would have waited until Thursday or Friday to post, but there is alot going on. This link at Yahoo Finance has a good basic set o...
2 comments:
Tuesday, September 23, 2008

It Pays To Be A Male Chauvinist Pig

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Here is a link to the news article Sexist Men Earn More Money: Study The full study is at Click here for the full study . Below are exerpts ...
2 comments:
Sunday, September 21, 2008

Moral Hazard, More News Links On The Financial Situation

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These are all from the Wall Street Journal and give a good overview of what is happening. Shock Forced Paulson's Hand Stopping the Pani...
Friday, September 19, 2008

Freakonomics Has A Good Explanation Of The Financial Crisis

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I usually don't just pass on what I saw at other blogs, especially since I have links to some goods ones. But this is such a big story t...
Tuesday, September 16, 2008

Fewer Want To Become U.S. Citizens Due To Higher Price

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This may be a good example of the law of demand. Both of my macro (ECON 2301) sections recently read the chapter on immigration in the book...
2 comments:
Sunday, September 14, 2008

What if we legalized all drugs?

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That is the title of an article from MSN. Here is the link: What if we legalized all drugs? . (Hat Tip: Cliff Perez, a student in one of my ...
2 comments:
Thursday, September 11, 2008

Government Employees Trade Favors To The Oil Industry For Sex (and they got an ethics award from the government)

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"the Interior Department agency that collects oil and gas royalties has been caught up in a wide-ranging ethics scandal - including all...
1 comment:
Wednesday, September 10, 2008

America's Most Affordable Places to Retire

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Are they kidding? As soon as more people start moving to these places, costs go up and they won't be so affordable any more. I posted so...
Tuesday, September 09, 2008

Economists Discover That Watching Television Is Not All Bad

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This was recently reported in the Wall Street Journal. Here is the link: A New View On TV One of the big issues is what you stop doing or wh...
2 comments:
Sunday, September 07, 2008

The 10 Most Affordable Housing Markets

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You can find out where they are by reading the following article: The 10 Most Affordable Housing Markets But if more people move to these ...
Thursday, September 04, 2008

Texas economy stronger than most

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That is what a current government report says. It does not say, but most likely Texas is doing better than the rest of the country because o...
2 comments:
Tuesday, September 02, 2008

High Gas Prices Spur Sales Of Electric Bikes

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This is what economic theory predicts. With higher gas prices, people will seek a better deal somewhere. Here is the link to the article. El...
Sunday, August 31, 2008

How Much Money Does It Take To Be Rich?

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This was the topic of a recent article in the Houston Chronicle called Got $5 million? Consider yourself rich, experts say . Here is a brief...
2 comments:
Friday, August 29, 2008

Colbert bump' benefits Democrats

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It seems that when Democrats appear on the Colbert Report, they get an increase in campaign contributions. But this does not happen to Repub...
Wednesday, August 27, 2008

Should We Pay Students To Study?

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I am curious to see what my students think of this. But before I get to it, here are links to stories about "Obamanomics" (which a...
2 comments:
Thursday, April 24, 2008

Is tax 'rebate' doomed to fail?

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That is the title of an article that you can read here . People need to spend the money if the rebate is going to help the economy (so AD ca...
Sunday, April 20, 2008

Higher Food Prices May Be Here to Stay

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That was the title of an article in the Wall Street Journal on April 14. You can read it here . The wages farmers have to pay are rising, la...
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About Me

Cyril Morong
I am a retired economics professor. My email address is cyrilmorong@sbcglobal.net
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