RSJ, whose excellent blog is windyanabasis, takes issue with my claim that financial leverage is a source of sticky prices. Not only that, but he’s performed an impressive experiment to test and disprove the hypothesis. Check it out.
I am not persuaded that I am wrong, for reasons that I describe in a lengthy comment. But [...]
TMZ has learned... a DNA test disproves the claim of Devon James -- that Tiger Woods fathered her 9-year-old son. A source handling the situation tells TMZ the DNA test was performed in 2002, as part of "an ongoing child support bat... Read Post
Youtuber Mark Rober wanted to know if unibrow discrimination is a real thing and came up with a social experiment to test out his hypothesis. Check it out! [Mark Rober] Read Post
In Keynesian / quasi-monetary of explanations of depression, sticky prices play an essential role. If prices were not sticky, a deficiency of expenditure would just lead to a reduction of the price level, and nothing very bad would ... Read Post