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This page contains a single entry from the blog posted on June 7, 2009 6:25 PM. The previous post in this blog was Missing the (electric) boat. The next post in this blog is The new Cuba crisis. Many more can be found on the main index page or by looking through the archives.

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Sunday, June 7, 2009

Credit where credit is due

Thanks to everybody at the University of Chicago for making this nation great.

Comments (5)

Even though it is one of the worst written books I've ever read, the Black Swan by Nassim Taleb deals a lot with this.

Markets maybe efficient in a controlled environment, but they hate surprises.

And here's an interesting view contrary to the idea that excessive debt leads to inflation:

http://tinyurl.com/mx7mre

Not "everybody" deserves credit according to this news report written a year ago.


http://archives.chicagotribune.com/2008/jun/18/local/chi-milton-friedman-flap-18-jun18

I seem to recall a time when the only credit cards my parents had were for Lipman Wolfe, Olds & King and Texaco.

Vaguely on topic, but the University of Chicago was also the site of the world's first man-made nuclear criticality. Enrico Fermi set up the Chicago Pile-1 underneath the stands of a rackets court; as part of the Manhattan Project.

This work was the proof that a nuclear reaction was not only sustainable, but controllable.




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