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Economic Critique

The Dallas Fed and Too-Big-to-Fail

Robert Teitelman | Posted 05.30.2012 | Business
Robert Teitelman

Texas survived and again prospered, but in politicians like Rick Perry and Ron Paul it still displays a broad populist streak that includes enthusiastically bashing the Fed.

A Sermonette on Prediction and Its Discontents

Robert Teitelman | Posted 05.29.2012 | Business
Robert Teitelman

In the Financial Times, Stein Ringen, a professor of sociology at Oxford, takes a lash to forecasting-happy economists, this time over the eurozone. The column provides a lesson in how difficult it is to resist the allure of prediction and the appeal of the simple dichotomy.