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Not a blog but a "q-and-a" (pronounced "quanda"), this page is about the basics of economics. Its premise: there are no stupid q's. And if some a's seem dim, take heart: I can brighten them up in response to objections, corrections, refinements. Comments on posts feature yours, and my responses. Enough of you now frequent and query the quanda that I post most every day. Haven't seen your q yet? Send it again. All a's should be taken with a shaker of sodium chloride, if not a Lot's-wife's-worth. And speaking of salt, the mustache and "hair" in the photo has a lot less of that condiment, and rather more pepper, than can be seen on TV. Think of it as time travel.

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Karl Case's (Poetic) Reflections on the Housing Market

Paul Solman: We've been interviewing Wellesley economics professor Karl 'Chip' Case since the last housing crash here in Boston in the late '80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. He is one of the friendliest, savviest, wittiest, saltiest economists you'll ever meet, live or on video. (Economic columnist David Warsh posted a fuller celebration a few years ago.)

Over the years, we've mainly asked Chip about housing. So it was no great surprise when this past week there arrived in the email his summation of the crisis. Less expected, however, was the form: verse. Herewith, then, the only poem we may ever publish on the Great Recession -- by Karl E. Case.

Read Case's Reflections on the Housing Market.

-- Posted February 4, 2010 | Comments ( ) | Permalink