Author: Stable Genius

I am the very model of a Stable Genius Liberal.

The Copernican Revolution In Macroeconomics

My view, with both all due respect and all due derision, is that the Robert Lucas types are like the early Copernicans here. There’s something admirable in their insistence that it ought to all work out to an easily modeled system grounded in compelling theoretically considerations. The New Keynesian model is a mess, like late-Ptolemaic… Continue reading The Copernican Revolution In Macroeconomics

Mexico City Needs Regulatory Reform, Not Underground Buildings

Mexico City Needs Regulatory Reform, Not Underground Buildings

“Living underground is a dystopian scenario for when the surface of the earth becomes uninhabitable, it shouldn’t be a go-to response to a regulatory mandate for short buildings.”

If the point of building codes is so far removed from what is needed for actual utilization of land, there is clearly something wrong. Mexico city should be looking at a way to have modern structures without losing its uniqueness.

How Yelp is killing chain restaurants

First, “a one-star increase in Yelp rating leads to a 5-9 percent increase in revenue.” No surprise, good reviews help restaurants. Second, this mainly affects smaller, independent establishments. A Yelp review has no effect on an individual chain restaurant like Applebee’s, presumably because people already have firm impressions of those places. From The Washington Post… Continue reading How Yelp is killing chain restaurants

How alternative medicine failed Steve Jobs

During a routine abdominal scan, doctors had discovered a tumor growing in his pancreas. While a diagnosis of pancreatic cancer is often tantamount to a swiftly executed death sentence, a biopsy revealed that Jobs had a rare – and treatable – form of the disease. If the tumor were surgically removed, Jobs’ prognosis would be… Continue reading How alternative medicine failed Steve Jobs