For Shame

Even more ridiculous than the Republicans putting tax cuts over public safety, is that they will say infrastructure and social program spending will need to be further cut to fund the increased disaster relief that is now required.

UPDATE: California Republicans are already doing their best to ensure that the next collapse happens here.

1 comment to For Shame

  • Scott, thanks, and a very happy new year to you too. Your chnalengilg posts on market efficiency have forced me to think through my positions carefully, which is always healthy. I think we agree on many things (for instance on the relative unimportance of minor anomalies, and the high level of trader sophistication). But I hope I can persuade you that non-fundamental volatility induced by the trading process is important both empirically and for policy. I look forward to further discussion of this.

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