Author: Elaine
Brad DeLong answers the question: is 2008 our 1929?
No. It is not. The most important reason it is not is that Bernanke and Paulson are both focused like laser beams on not making the same mistakes as were made in 1929.
They are also focused, but not quite as much, on not making the mistakes made by Arthur Burns in the 1970s.
And they are also focused, but not quite as much, on not making the mistakes the Bank of Japan made in the 1990s.
They want to make their own, original, mistakes…
Grasping Reality with Both Hands: The Semi-Daily Journal Economist Brad DeLong.
Moonset This Morning
Ike
Monday we heard from our only family in Ike’s path: Jack’s niece who lives northwest of Houston. Although the path of Ike passed close-by, she said that their house sustained no damage aside from some loose shingles, and lost power for over a day. She noticed it more than her kids, who thought it was a “sleep over.” Her husband’s family lives in Louisiana, and they had more significant damage, but are all okay.
The short – but eventful – life of Ike – The Big Picture – Boston.com has an impressive photo essay about Ike.
Childhood Dream
When I was a child, I dreamed of something like this tree house.
Sheila
Queen of all she surveys
Small Victories
For the first time in more months than I care to count, we can park two cars in our two car garage. Yay, us! Although in summer it isn’t too bad, I hate having to clean ice and snow off my car in the morning in winter. And after thirteen or fourteen years with horses here, I finally have a tack room (or at least a corner) in our mud room. All this is courtesy of the Tuff Shed that was delivered and installed on Wednesday.
Phlox
WiseMapping
WiseMapping | Visual Thinking Evolution: is a free, online mindmapping tool that works in most web browsers.
45 Years Ago Today
I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.