About Economics: Comic Relief, Both Intentional and Not, and More..

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From Jodi Beggs, your Guide to Economics

Hi all,
This week I've got a variety of fun stuff for you- two pieces on financial markets, some intentional Fed humor from Merle Hazard, and some unintentional Fed humor from President Obama. Enjoy!
Cheers,
Jodi

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Obama on Gender and the Federal Reserve...

Given the circumstances, it's particularly unfortunate that President Obama referred to the possibility of "Mr. Yellen" as the next Federal Reserve chair. Read More

Behavioral Economics and Real-World Applications...

Prospect theory, or the idea that individuals don't perceive risky choice as traditional economic models would predict, and it is a cornerstone of the field of behavioral economics. Read More

For Those Still Wondering Whether Wall Street Is Overpaid...

We've known that the consensus layperson answer to this question has been a resounding yes for a while now, but now economists have given hard evidence and analysis that workers at the top of the financial spectrum are in fact overpaid. Read More

When Monetary Policy Gets Comic Relief in Musical Form...

What do you get when you combine country-music legend Merle Haggard with the economic concept of moral hazard (other than perhaps a passed-out Merle Haggard)? Read More

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This newsletter is written by:
Jodi Beggs
Economics Guide
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