Check out the repost of a nice Andrew Gelman piece on the perils of the "single definitive study". I'm not entirely sure what he means by "happy talk", but it's very apt as a description of the sort of academic gushing that seems to be required by the "impact agenda". Nothing against publicity, BTW, but perhaps one should have something worth saying first. Anyway, a good excuse to listen to REM.
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Treasury market dysfunction and the role of the central bank
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Thinly capitalized hedge funds’ growing role in the enormous and rapidly
expanding market for U.S. Treasury securities poses a clear and present
danger t...
7 hours ago
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