Thomas Herndon, PhD student in Economics, discovered an Excel coding flaw in an oft-cited paper by economists Kenneth Rogoff and Carmen Reinhart, “Growth in a Time of Debt“, which claims that economic growth plummets when a country’s debt-to-GDP ratio exceeds 90%. The Reinhart-Rogoff paper came out just after Greece went into crisis and, in Paul … Continue reading »
I wanted very much to learn to draw, for a reason that I kept to myself: I wanted to convey an emotion I have about the beauty of the world. It’s an appreciation of the mathematical beauty of nature, of how she works inside… Continue reading »
If you had had to create a machine with the objective of exploring the broadest possible set of “logical” possibilities, what other means would you have used better than an open Godel-ish mathematical universe? Clearly God did not need play dice in order to create the infinite. If he or she did or does, it is for another reason. Continue reading »
I read the news today, oh boy, and everybody seems to know the truth. I would go even further: everybody seemed to know the truth quite a long time ago. It was pretty clear that many real estate markets across the world were insanely overvalued, and that the excesses of financiers had to boil down … Continue reading »
