“There is one miracle for all time: the existence of the universe—including the existence of consciousness. Every birth is a celebration of that miracle, and all our fear of death is worship of that miracle.” — Miles Kimball Related Posts: Miles’s Unitaritan-Universalist sermons: Leaving Mormonism UU Visions Godless Religion Teleotheism and the Purpose of Life (video here) The Egocentric Illusion (video here) Sharing Epiphanies (including the video) A Spiritual Autobiography The Message of Mormonism for Atheists Who Want to Stay Atheists (video here) So You Want to Save ..read more

link to the article shown above This paper gives our team’s overall take on the economics of happiness literature, and our recommendations for those interested in research in this area ..read more

Image Source:Wikimedia It has been 12 years since my first blog post: What is a Supply-Side Liberal? I have written an anniversary post every year since: A Year in the Life of a Supply-Side Liberal Three Revolutions Beacons Why I Blog My Objective Function A Barycentric Autobiography Crafting Simple, Accurate Messages about Complex Problems On Human Potential Pandemic Passage: My Past 12 Months in Blogging Everything is Changing A Lull Because our research team trying to bring about national well-being indexes that can stand as coequals with GDP has been at a critical ..read more

..read more

..read more

Link to the video shown above ..read more

link to the article shown above “In 2007, many analysts dismissed the significance of subprime mortgage losses, which they compared to a bad day in the stock market. In a report that November, Hatzius called the analogy flawed. Citing research by the economists Tobias Adrian and Hyun Song Shin, he noted that stocks were mostly owned by ‘long-only’ investors such as pension funds who ‘passively accept a hit to their net worth.’ By contrast, mortgages are owned by leveraged institutions such as banks, investment dealers, hedge funds, Fannie Mae and Freddie Mac. For every dollar of losses, thes ..read more

Because inflation today is caused by firms changing price today & inflation tomorrow is caused by a different set of firms changing price tomorrow, sticky inflation in the face of a big macro shock means firms are changing prices without fully incorporating the new information. — Miles Kimball (@mileskimball) February 22, 2024 Mankiw and Reis interpret their model as a model of sticky information: firms periodically wake up and get all the new macroeconomic information, then set a new price path accordingly. — Miles Kimball (@mileskimball) February 22, 2024 Macroeconomic information is ..read more

..read more

A talk about joint work with Dan Benjamin, Kristen Cooper and me ..read more