What is Big Think?  

We are Big Idea Hunters…

We live in a time of information abundance, which far too many of us see as information overload. With the sum total of human knowledge, past and present, at our fingertips, we’re faced with a crisis of attention: which ideas should we engage with, and why? Big Think is an evolving roadmap to the best thinking on the planet — the ideas that can help you think flexibly and act decisively in a multivariate world.

A word about Big Ideas and Themes — The architecture of Big Think

Big ideas are lenses for envisioning the future. Every article and video on bigthink.com and on our learning platforms is based on an emerging “big idea” that is significant, widely relevant, and actionable. We’re sifting the noise for the questions and insights that have the power to change all of our lives, for decades to come. For example, reverse-engineering is a big idea in that the concept is increasingly useful across multiple disciplines, from education to nanotechnology.

Themes are the seven broad umbrellas under which we organize the hundreds of big ideas that populate Big Think. They include New World Order, Earth and Beyond, 21st Century Living, Going Mental, Extreme Biology, Power and Influence, and Inventing the Future.

Big Think Features:

12,000+ Expert Videos

1

Browse videos featuring experts across a wide range of disciplines, from personal health to business leadership to neuroscience.

Watch videos

World Renowned Bloggers

2

Big Think’s contributors offer expert analysis of the big ideas behind the news.

Go to blogs

Big Think Edge

3

Big Think’s Edge learning platform for career mentorship and professional development provides engaging and actionable courses delivered by the people who are shaping our future.

Find out more
Close

Lagging Data Forms Scary Monetary Policy

June 27, 2011, 6:57 AM
Uscurrency_federal_reserve

What's the Latest Development?

Paul Krugman writes that last year it was the OECD; now it’s the Bank for International Settlements: "Once again, Very Serious men at an international organization seem determined to find reasons to tighten monetary policy in the face of a continuing deep slump." Krugman is concerned that reports like that of the BIS are written and approved by committees, and that implies use of lagging data. "And sure enough, both interest spreads and commodity price inflation are telling quite different stories these days."

What's the Big Idea?

Krugman says there’s something going on here: "And I don’t think it’s really about economic analysis. Like others, the BIS is clearly engaged in monetary Calvinball, making up rules and concepts on the fly so as to justify monetary tightening whatever the circumstances. There seems to be a deep urge to inflict pain, to purge the rottenness or something. It’s scary. And the world will suffer for it."

 

Lagging Data Forms Scary Mo...

Newsletter: Share: