Economist Predicts Recession Will End in 2nd Quarter of 2010
Big Think recently approached five leading international economists for their best predictions on when we will be out of the mess known as our national economy. Watch for their commentary in the Big Think blog in the coming days. And after you get hear their ideas, you can let the countdown begin.
Our second prediction is from Professor Miles Kimball of the University of Michigan at Ann Arbor. Luckily one of Professor Kimball's specialties is the economics of uncertainty. Does anyone actually teach the economics of certainty anymore?
So, Professor Kimball, when will the recession end?
"The Federal Reserve has enough tools to get the economy out of the recession. But there is about a 9 month lag before the effects of monetary policy kick in, and the Fed has not yet done enough. Within 6 months, I expect the Fed to have done enough monetary stimulus to get things moving 9 months after that--in about the second quarter of 2010."
New research links urban planning and political polarization.
- Canadian researchers find that excessive reliance on cars changes political views.
- Decades of car-centric urban planning normalized unsustainable lifestyles.
- People who prefer personal comfort elect politicians who represent such views.
Progressive America would be half as big, but twice as populated as its conservative twin.
- America's two political tribes have consolidated into 'red' and 'blue' nations, with seemingly irreconcilable differences.
- Perhaps the best way to stop the infighting is to go for a divorce and give the two nations a country each
- Based on the UN's partition plan for Israel/Palestine, this proposal provides territorial contiguity and sea access to both 'red' and 'blue' America
Science and the squishiness of the human mind. The joys of wearing whatever the hell you want, and so much more.
- Why can't we have a human-sized cat tree?
- What would happen if you got a spoonful of a neutron star?
- Why do we insist on dividing our wonderfully complex selves into boring little boxes
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