A different kind of swindle

Read my latest OUP blog post on the foreign exchange scandal, and why it is systematically more serious than the Madoff scandal.

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I miss In-trade

Now that the US mid-terms are over, read my latest Oxford University Press blog post on political prediction markets.

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Radio interview

I was interviewed by host Bill Kearney of the Financial Spectrum show on WKXL radio (Concord, NH) on Friday, October 3.  You can listen to the interview here.

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Fair and balanced

Read my latest OUP blog post on the importance of independent, objective policy analysis   here.

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Scottish independence

Scotland is having a referendum on September 18 on whether it should become independent from the United Kingdom.  Economically, this is a bad idea.  Read my latest OUP blog post on the subject here.

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Transparency at the Fed

Read my latest Oxford University Press blog post on Transparency at the Fed.

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WRONG tour heads back to New York

I’ll be speaking about WRONG in Bryant Park (behind the New York Public Library in midtown Manhattan, between 40th and 42nd Streets & Fifth and Sixth Avenues) on Tuesday, July 1 from 12.30 to 1:45 pm.  The event is sponsored by HSBC and is part of their Word for Word series.  Details can be found here.

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Changing focus

See my June OUP blog post on the shift in the media’s focus from unemployment to inflation.

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Timothy Geithner just quoted me…..well, sort of

The weekend edition of the Financial Times typically features a lunch discussion between one of their correspondents and a notable personality.  In addition to learning what they ate and how much it cost, the conversations are often memorable.

This week’s column was by the FT’s financial editor, Martin Wolf, who lunched with former Treasury Secretary Timothy Geithner.  I include the second-to-last paragraph below.

“Elise (Geithner’s daughter) is studying medicine, and we talk about Complications, by surgeon Atul Gawande, given to Geithner by Dr YV Reddy, erstwhile governor of the Reserve Bank of India. “It was a fascinating book, in part because he [Gawande] described how in that profession they do things that in economics we don’t do that well. They have these things they call morbidity and mortality reviews every Friday, where they go over mistakes.” I agree that central banks don’t like analysing their past mistakes but should.”

Here’s a quote from page one of my book WRONG: Nine Economic Policy Disasters and How We Can Learn from Them:

“Hospitals large and small routinely conduct morbidity and mortality conferences in order to understand bad medical and surgical outcomes and to learn from their mistakes. This is something that students of public policy should do; however, a survey of the curricula of a half dozen leading American public policy schools suggests that they do not.”

I’d be delighted to lunch with Martin Wolf any time.  I can even recommend a few restaurants.

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WRONG is now an audio book!

I have not listened to it yet, but am pretty confident that I will like it!  You can find it at Audible.

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