Results tagged “economics”

MIT economist Jiang Wang worries about the government's bailout of bad investments, pointing to the success of past private bailouts and suggesting this matter could have been resolved privately as well. Jiang also wonders if the bailout will falsely improve stock prices, hurting investors' ability to make money off the market's downturn. His final concern is about the distorted effects that the bailout may have on the housing market, distorting home prices even as it reduces foreclosures. What's a consumer to do? There's always the mattress. more ›

Sources say Mitt Romney is near the top of John McCain's vice presidential running mate list. If Obama picked Patrick (not looking at all likely), we'd have quite the Massachusetts Governor showdown in the elections. Some say businessman Romney would provide the economic knowledge McCain seems to lack; others point out that Romney's not been nearly as successful in business as someone like Michael Bloomberg (even though Bloomberg was once targeted as a possible Obama pick--gah!). McCain needs to get positive (or at least non-negative) press soon; he might just make an announcement to reclaim the headlines from Obama's world travels. more ›

Deval Patrick isn't the first person to get into casino-related trouble, though few of us had to be publicly confronted with our regrettable outcomes the way Deval Patrick did. Eager to move past his failed plan to create much needed revenue for the Commonwealth through gaming, Patrick gave a major economic address yesterday at MIT. more ›

Ariely's Official Site more ›