The Great Unwind

A few thoughts on tapering by your faithful-if-irregular correspondent and country singer. This went up at the PBS NewsHour's site today.

Quote of the Day

"Some people who seem crazy turn out to be smart after all. Apparently that is what Fama thinks. I think they are just crazy," Shiller said, conceding his remarks "may be insulting" to his fellow laureate.

More here. I'm with Shiller, of course.