While visiting a family member at the hospital, I stopped by the gift shop to buy a balloon and a “get well” card. I grabbed a card but there were no balloons. The chatty cashier responded grief-strickenly, “Can you believe it? They say there is a helium shortage. So, we can’t fill up balloons anymore. … Continue reading Balloons Missing From Hospitals
The Body’s Feedback Loops
Don’t you love feedback? Admittedly, some of us, not so much. But, if we think about it. Feedback is a necessary part of life. We get feedback whenever we do anything. If you try to shoot a basketball into the hoop, and you miss, you’re given instant feedback to change your form or improve your … Continue reading The Body’s Feedback Loops
Ready To Risk It All Part I, Options Pricing
Imagine what your life could be like if for any situation you could enjoy the upside without suffering any of the downside. Say you love the color yellow, but it totally washes out your skin tone. Or, perhaps you really want to Keep Up With The Kardashians but unfortunately there aren’t enough hours in the … Continue reading Ready To Risk It All Part I, Options Pricing
Making Sense of Nominal GDP Targeting
Jerome Powell replaced Janet Yellen as the new Chairman of the Federal Reserve. This change will give the Fed a chance to reconsider how it conducts monetary policy. There had been a consensus among macroeconomists since the 1980s, but like many things, it was shattered by the Great Recession. One alternative for the new Fed … Continue reading Making Sense of Nominal GDP Targeting