Shared posts

17 Jun 16:14

First Thoughts on Piketty

by Greg Mankiw
I have been reading Thomas Piketty's "Capital in the 21st Century." It is truly an impressive work, and I am much enjoying it. I have recently organized a session at the upcoming AEA meeting (January in Boston), where David Weil, Alan Auerbach, and I will be discussing the book, followed by a response from Professor Piketty.

Let me offer a few immediate reactions.

The book has three main elements:
  1. A history of inequality and wealth.
  2. A forecast of how things will evolve over the next century
  3. Policy recommendations, such as a global tax on wealth.
Point 1 is a significant contribution. I like this part of the book a lot.

Point 2 is highly conjectural. Economists are really bad at such things. In particular, the leap from r>g to the conclusion of a growing role of inheritance in society seems too large to me. Many capital owners consume much of the return on their capital, so wealth does not grow at rate r. This consumption ranges from fancy cars and luxurious vacations to generous charitable giving. In addition, unless mating is perfectly assortative, or we return to an era of primogeniture, wealth per family shrinks as it is split among children.  So, from my perspective, Piketty tries to draw way too much from r>g. (Quick Quiz for econonerds: (a) What does r>g tell you in a standard overlapping generations model?  (b) And what is the magnitude of bequests in that model?  Answers below.*)

Point 3 is as much about Piketty’s personal political philosophy as it is about his economics. As we all know, you can’t get “ought” from “is.” Like President Obama and others on the left, Piketty wants to spread the wealth around. Another philosophical viewpoint is that it is the government’s job to enforce rules such as contracts and property rights and promote opportunity rather than to achieve a particular distribution of economic outcomes. No amount of economic history will tell you that John Rawls (and Thomas Piketty) offers a better political philosophy than Robert Nozick (and Milton Friedman).

The bottom line: You can appreciate his economic history without buying into his forecast.  And even if you are convinced by his forecast, you don't have to buy into his normative conclusions.
-------
* Answers to quiz: (a) That the economy is dynamically efficient (that is, it has not over-accumulated capital).  (b) Zero.
13 May 15:49

Why was the stadium cold?

Why was the stadium cold?

Because it was full of fans!
06 May 15:58

36. If you absolutely have to fight, punch first and punch hard.

29 Apr 19:38

Google Announcement

Kevin White

haha i used to change my DNS to this on my army computers b/c it worked better than the army default

The less popular 8.8.4.4 is slated for discontinuation.
24 Apr 16:08

Photo



24 Apr 01:35

Baked Prosciutto-Wrapped Goat Cheese

by Krissy

I have no words.
None.
Shocking, I know, but words take too long.

super simple

You should already be making these.
For real, do I need to tell you how amazing meat-wrapped cheese is?

Nope.

roll em up

So…

Baked Prosciutto-Wrapped Goat Cheese (makes 7)

Ingredients:
4 oz thinly sliced prosciutto (but not so thin it has holes. see note 1 below)
6 oz soft goat cheese
2 tablespoons fresh basil, chopped
1 tablespoon fresh parsley, chopped
Juice of 1 lemon

Directions:

  1. Preheat oven to 400. Line a baking sheet with foil and set aside.
  2. In a bowl combine the cheese, herbs and lemon juice.
  3. Lay the slices of prosciutto out and spread a thin layer of the cheese mixture gently on top of each slice of meat. (Your fingers work as a great tool for spreading here. Just be sure they’re clean.)
  4. Fold the short sides of the prosciutto over as shown above in the picture. Then starting at one end, roll the prosciutto length-wise as you would a burrito. Roll each slice.
  5. Place the rolls on the prepared pan and bake for 15 minutes.
  6. Remove. Let cool and crisp. Enjoy!

prosciutto cigars

Notes:

  1. Some of the slices of prosciutto I used had holes and the cheese oozed out while baking. Still delicious but sort of messy. Go for the un-torn slices.
  2. You can really play with the filling here. Add different herbs or whatever you’d like. Use a different cheese. Make it how you like it.
  3. 4 oz of prosciutto was 7 slices for me. This will vary.
  4. Jon helped with this photo shoot…guess which prop he picked.

Let’s stay connected. Make it Naked’s on:

grab one

23 Apr 19:01

strawberry balsamic & black pepper sauce

by Merry-Jennifer

strawberry balsamic & black pepper sauce | the merry gourmet

I baked a pie on March 7th, the day of my father’s funeral. It was four weeks before I cooked or baked again.

I went back to work four days after Dad’s funeral, and I know now that that was probably too soon. I should have taken another week off, to allow myself to come to terms with my grief. Instead, I went back to work on a Tuesday, one of my busiest clinic days. I entered each patient room with a painful new understanding of what a Hospice referral really meant, and what the impending death — and the agonizing reality of death — of a loved one felt like.

The weeks since have gotten easier, at least on the surface. At night, though, I dream of my father. The content of the dreams varies, but in each one, he is alive again. And in each one, I know that he is going to die within days, and that I will have to go through his death another time. I know that some people find comfort in dreaming of deceased relatives, but at this point in the process, I would just be grateful to not dream at all.

strawberry balsamic & black pepper sauce | the merry gourmet

Until this weekend, I have been unable to cook or bake anything. I have been overwhelmed by the possibilities and by the level of energy needed to prepare a meal or bake something sweet. I have felt uninspired and apathetic.

This began to change a little over a week ago.  We took the kids to New York for the tail end of spring break, and on one of the nights we were there, a wonderful friend prepared a slow-cooked Korean pork dish complete with all the fixings – kimchi, pickles, rice, and sauces. The meal was excellent, and what made it even better was the friends gathered around the table sharing it.

I’ve looked up that pork recipe several times since then; I’m determined to recreate it one day soon. And a few days ago, I began reading some of my food magazines that have been stacking up on the coffee table, neglected for weeks.

strawberry balsamic & black pepper sauce | the merry gourmet

After four weeks away from the stove, I cooked dinner two nights ago. It was a simple meal - pan-roasted sausages and apples with spinach – but it was home cooked, and it wasn’t takeout Chinese or a Domino’s pizza. Making a meal in my kitchen finally felt right again.

Saturday, we went strawberry picking. The day was gorgeous and sunny, and I wore sunscreen for the first time this year. I knew that we’d come home with more strawberries than we could possibly eat, and we did. Seventeen pounds, in fact. Over the past two days, I made this strawberry balsamic and black pepper sauce, and this was soon followed by strawberry shortcakes and strawberry jam. I even broke out the ice cream maker to make strawberry ice cream.

I still feel like something is missing inside, like some core part of me is lost or broken. But with each completed dish I turned out this weekend, it finally feels as if I’m slowly patching myself back up, one recipe at a time.

strawberry balsamic & black pepper sauce | the merry gourmet

Yield: 1-1/2 cups

Strawberry Balsamic and Black Pepper Sauce

This dessert sauce can be used as a topping for ice cream, mixed into a milkshake, drizzled on top of pancakes, or spooned onto a biscuit. Or, do what I did and eat it right off the spoon.

Ingredients:

1/4 cup balsamic vinegar
1/4 cup light brown sugar
12 ounces strawberries, hulled and coarsely chopped
4 or 5 grinds of freshly ground black pepper
1 pinch kosher salt

Directions:

In a large saucepan or skillet, heat the vinegar and sugar over medium heat. Bring to a simmer and cook, stirring, until the sugar dissolves and the mixture thickens, approximately 1 minute. Add the strawberries and black pepper and simmer, stirring occasionally. Cook for 7-9 minutes, until the strawberries have broken down but not fully turned to mush. Stir in salt, remove from heat, and allow to cool.

When the sauce is room temperature (or at least not hot), transfer to a blender and puree until smooth. If desired, you may strain the mixture to remove seeds.

The post strawberry balsamic & black pepper sauce appeared first on The Merry Gourmet.

23 Apr 18:00

Frugal yet Fancy Homebrewing – with 30 Seconds of Work

by Mr. Money Mustache
Kevin White

Frugal: Yes, Fancy: Not by a long shot

juiced

discoSummer seems to have started a little early this year here in Colorado, and brought along all of its pleasant side effects. Abandoning the socks and shoes, gathering with local friends to play in the park and watch the sunsets, and of course an increased consumption of cold beverages.

Long ago, I wrote a post about brewing your own beer. It was an amazing experience and it produced great beer. Many readers are advanced brewers and they wrote in with advice and encouragement. It is still a great hobby for the many people who enjoy it. But unfortunately for my friends and me, we found that after a few batches the habit just didn’t stick.

It was all in the practicalities: the brewing process takes a couple of hours and involves quite a bit of repetitive labor that can be guilt-inducing for those of us who like to use all our time productively. Bottling is a particularly slow chore, and the more efficient alternative of keg storage encourages excessive beer consumption because you end up with your own refrigerated beer tap taunting you at all hours. To top it all off, the home-brewed beer was only slightly cheaper than the local microbrews, which can be found for just over a dollar a bottle around here if you pick them up during a sale.

To create a winning home brewing situation for lazy people like myself, I needed an impossible combination of attributes: a low time commitment, small batches, low cost, no major research, and no bottling. I didn’t think such a thing existed, but a local friend of mine who is known on this blog as The Honey Badger has proved me wrong. He has rediscovered an age-old method to convert good fruit juice into very good summer party beverages with about 30 seconds of work (plus of course two weeks of fermentation).

The end result is a sparkling beverage that is extremely tasty, much drier (less sweet) than the original fruit, and contains about 6% alcohol – the perfect level for adult relaxation and a factor in the easy breezy style of this very article which is being written with a large mug of cider right next to the laptop.

At less than 60 cents per 12 ounce serving, this is a truly frugal way to get the party started. Replacing a portion of your microbrew consumption with some innovative drinks you ferment yourself could save you hundreds per year. And pulling out a fresh gallon jug of this fine hard cider from the fridge is a prestigious way to impress your party guests. As long as you don’t use it as an excuse to consume more, something we laid down the rules for in the old Beer ‘o’ Clock article.

So let’s make some right now.

1: Procure the largest, fanciest bottle of juice you can find

yeastI chose this lovely one-gallon jug bottle of North Coast Sonoma County unfiltered apple juice from the new hipster market in town called Lucky’s. It runs about $5.99 for a bottle this size. The key is to look for something without preservatives, and with a very good natural taste. You can ferment pretty much anything with sugar in it, but we are fancy people here, so we use fancy juice. Apple, grape, mango, pineapple, pear, and berry juices work beautifully.

2: Take off the cap and dump in 1/2 teaspoon of Champagne Yeast
You might give it a little swirl or shake to disperse the yeast nicely through the juice. Save the cap, for you’ll be putting it back on once the brewing is done.

3: Put a cork with an airlock* in it.
stopperThen put an ounce of clean water (or a sterile liquid like whiskey as shown here) into the airlock. I recommend setting the bottle in the center of your kitchen table at this point so you can watch the show. Within 24 hours, it will start gently bubbling and fizzing, as the yeast works its incredible alchemy of turning the useless sugar molecules into useful alcohol ones. This bubbling will go on for about two weeks. At that point, you may notice that it slows down as the yeast runs low on sugar.

And you’re done! After those two weeks, put the cap back on, and put the jug in your fridge. A small amount of additional fermentation will happen, which will release more carbon dioxide that gets forced back into solution to make the mixture slightly bubbly. It will store well for many weeks in the fridge, or you can use it immediately. Dispense freely to self and friends, and watch the pleasant results.

Update: In response to the idea of in-bottle carbonation, some readers brought up the concern that it is possible to break certain bottles if the pressure grows too large. The thing is, you don’t know what “too large” is. Therefore, I will start a new dangerous experiment today that may cost me a whole bottle of cider: I’ll brew a new batch, cap the bottle tightly after two weeks, and leave it in a a protected enclosure in my warm garage for several additional days. Then see if it explodes, gets extremely fizzy, or just ends up perfectly carbonated. Plastic bottles will also eliminate the risk of dangerous explosions, because they have a great capacity to stretch.

juiced

The key to this whole deal is that we have eliminated the time-consuming parts of beer and wine brewing. Instead of boiling grains for hours and adding multiple ingredients, we use just one ingredient. Instead of washing carboys and siphoning from one to another, we ferment in just the bottle supplied with the juice. And instead of sterilizing and capping dozens of bottles afterwards, we just throw that same bottle in the fridge and serve directly from it. The result is obviously not beer, but the variety of fruits and other sweet things that Nature makes available will still keep your taste buds entertained.

I just started this experiment two weeks ago. We cracked the first bottle last night, and it was such a success that I decided to share the results with you as well as start a few more bottles for future use.

Bottoms up!

 

*The Honey Badger has been brewing interesting concoctions to share at his own parties for several years now, and he even started a website called Simple Brew Kits to sell the extremely simple parts needed to ferment beverages like this at home. A rubber stopper/cork, an airlock, and some yeast. Under 15 bucks and you’re set for the summer. 

** Mr. HB is also the guy I teamed up with for The Foreclosure Project, and the one who introduced me to the Badass nature of Fasting. He is also known occasionally as Poppa from Poppa’s Cottage and Hirsute Pursuit.

 

23 Apr 14:54

What did the leper say to the prostitute?

What did the leper say to the prostitute?

Keep the tip.
23 Apr 14:53

Hexagoda Shanty in the Alaskan Wild

by robot@craigslist.org
Kevin White

@baisley

This small cabin on 10 acres has everything you need to survive, and not much else. Warm up by the wood stove, chop your own wood, haul your own water, enjoy the grandeur of the outhouse, and live like the Alaskans live -- gazing upon glaciers, aspen groves, and mountains.

The nearest place you can park your car is about 3 miles away, unless you are staying for the long term and want to buy a bridge pass (a few hundred dollars). So you will be hoofing it to the cabin. You will have to bring your own sheets and towels, because the nearest public laundry is a three hour drive away. You will have to haul your water from the spring two miles away, just like the locals do. You will have to chop your own wood if you don't want to freeze to death, and you will have to go to the bathroom on an outdoor throne. You will learn that it takes a full day to cook dry beans on a wood stove. You will get eaten alive by bugs, and chased by bears. If you want fire, you will make your fire. If you want water, you will haul water. If you want to become a fully fledged and capable human being, and are still reading, then you might be in the right place.

At your disposal, you will have the full wonder of Alaskan wilderness and 10 acres to run around naked playing the bagpipes. A small cooking area. A wood stove. A bed. A place to not get devoured. Bagpipes not provided.

But, essentially, you're on your own. Try not to die.

Neighborhood is just the kind of big word that mainlander folks like so much. You've got a couple neighbors, each about a half mile away. The town of McCarthy, which has goings ons in the summer, is about 2 miles away. Kennicott about 4 miles more, just keep on walking right past McCarthy.

Nothing is convenient. Everything is a hassle. You will have to hike or bike three miles to the cabin from where you park. There is a bike at the cabin that you can use to get to town or to haul water. If it needs fixing, you'll have to fix it. And if the bridge washes out, you're stuck (doesn't happen all the time, but it does happen on occasion). But the beauty is that time passes differently, and you might even come to enjoy nature's pace.

The nearest town is McCarthy, 2 miles, with a general store and saloon. Open only in summer. Kennicott, 4 more miles up the road, has a restaurant and such in summer. In winter, the nearest place is Chitina, 2-3 hours drive (60 miles on gravel), with very limited services (a small general store and gas station). The nearest town town is Glenallen, another hour past Chitina, and they have everything you'd need (a proper grocery store and motels, services, etc.) You can fly out on the weekly mail plane if you get desperate and the road isn't passable in winter, and that goes to Glenallen.

There is a ton to do in terms of activities in summer. You can do fun things on the glacier, lots of hiking/backpacking, outdoorsy stuff. Kennicott has an excellent National Park Service area, with the old copper mines and some excellent buildings that are totally worth the steep-for-the-location entry fees. You can bike or walk the 9 more miles down Nizina Road to the Copper River and check out the defunct bridge, drink some beers on the alluvial plain, if you like.

There is only a double bed in terms of bed, but you are welcome to bring additional people for tent camping at $6 per person (no tent provided). You can also have someone crash on the main level floor but, I promise, it is not comfortable. The couch is big enough for a little person. Very little.

Remote Alaska is beautiful, but it's not easy, and you are essentially on your own. I will provide whatever guidance I can, if you can reach me by phone, but this is not a bed and breakfast. This is real, Alaska life, so please be prepared. At the very least, bring sheets or a sleeping bag, water, and light.

I'd really prefer a monthly person but am open to short term stays as well. Rent is $375 per month during summer. Long term rates lower.

Contact me at the Craigslist email with any questions.
  • cats are OK - purrr
  • dogs are OK - wooof
  • Location: McCarthy, AK
  • it's ok to contact this poster with services or other commercial interests
image 1image 2image 3
23 Apr 14:28

Happy Earth Day(?)

by Katie McKissick

23 Apr 02:14

Where does a peacock go when it loses its tail?

Where does a peacock go when it loses its tail?

Into a re-tail store!
22 Apr 21:10

Great hammerhead sharks are amazing, beautiful, and globally...





Great hammerhead sharks are amazing, beautiful, and globally endangered. Learn more about them at sharktagging.com. Original comic is on my site here.

21 Apr 12:07

Who's in Charge Around Here?!

by Katie McKissick
Kevin White

"the fly on the eye of the toad on the lump on the log in the hole in the middle of the sea"


18 Apr 20:22

New York’s Dancing Traffic Cop

by Scout

Last week, I was walking by 57th & 2nd Avenue when I noticed a bunch of people filming a traffic officer with their phones. At first, I was confused – then I started watching, and it all made sense.

There are several dancing traffic officers in the city, but I believe this is Mentoria Hutchinson, who the NY Times profiled last year. Now 62, she’s been a traffic cop since 1980 (!!). Why dance? “You ever seen anyone dance and be mad?…It’s the best way to keep yourself happy!”

-SCOUT

16 Apr 20:44

Me and The Muses

by Grant
Kevin White

I didn't know the muses had names


16 Apr 09:19

April 13, 2014

Picture of a farmer in a strawberry field, Turkey

Strawberry Fields

Photograph by Seyit Konyali, National Geographic Your Shot

Inhabitants of Hyk, Turkey, make their living from strawberry production, says community member Seyit Konyali, whose picture was recently featured in the Your Shot Daily Dozen.

This photo was submitted to Your Shot. Check out the new and improved website, where you can share photos, take part in assignments, lend your voice to stories, and connect with fellow photographers from around the globe.

16 Apr 09:10

carnaccia: Andiamo tutti a Grande Bacon



carnaccia:

Andiamo tutti a Grande Bacon

16 Apr 02:05

Lynch him!

16 Apr 02:05

And Now For The Foxes!!!*

by Brinke

[*70's SNL Reference. Previously cited here. -Ed.]

I’m using Chrome to make this post. Maybe I should…switch to Firefox after seeing these photos?**

[**Geek reference. Mozilla Firefox mascot info here. The Firefox mascot is, in fact, a Red Panda. Well played, though. -Ed.]

amazing-fox-photos-17

amazing-fox-photos-2

amazing-fox-photos-3

amazing-fox-photos-11

amazing-fox-photos-15

amazing-fox-photos-18

amazing-fox-photos-24

amazing-fox-photos-25
Bored Panda.


Filed under: Uncategorized Tagged: Foxes
16 Apr 02:02

Why Not Send a WASP to Judge a Kosher Cook-Off?

Kevin White

Happy Passover...

"What they were trying to say was that Manischewitz is a well-respected company that’s been preparing Jewish food according to kosher law for 126 years. It’s the world’s largest matzo manufacturer, and it even employs its own rabbis. Meanwhile, I come from a long line of people who tie pastel sweaters around their necks when they sip chardonnay, and I’ve never even had matzo ball soup. Asking me to judge a kosher cooking competition is like asking Miley Cyrus to guest-edit an Emily Post book. It’s a terrible idea that will wind up offending almost everyone"

A self-described "kosher-ignorant idiot" is called to judge the 2014 Manischewitz All-Star Cook-Off
15 Apr 16:40

Handkerchief

Handkerchief
Peck & Peck

Date: 1933
Culture: American
Medium: Printed cotton
Dimensions: 16-5/8 x 16-5/8 in. (42.2 x 42.2 cm)
Classification: Textiles-Painted and Printed
Credit Line: Gift of Mrs. William W. Hoppin, 1948
Accession Number: 48.164.4

Information about hundreds of thousands of works of art is available in The Metropolitan Museum of Art's Collection Database.

Photograph Credits | Terms and Conditions | Privacy Policy

© 2000–2014 The Metropolitan Museum of Art. All rights reserved.
15 Apr 15:33

Photo





15 Apr 15:31

Goat GIFs [x]Previously: Animals Stealing Food





















Goat GIFs [x]

Previously: Animals Stealing Food

15 Apr 15:20

A matter of life, Jeffrey Brown



A matter of life, Jeffrey Brown

15 Apr 12:05

Japanese game show in which contestants have to find which pieces of furniture are chocolate. - Imgur

by djempirical
15 Apr 12:02

Poet in My Pocket

by Grant



This comic is based on a true story. You can order a poster at my shop.
14 Apr 21:09

First Cell; First Friends

by Katie McKissick

14 Apr 17:48

fabforgottennobility: me

11 Apr 16:39

Human Barbie Valeria Lukyanova profiled in GQ

by David Pescovitz
Kevin White

Ukraine is in an odd place in the world right now

Human barbie doll gq magazine april 2014 women photos 01

GQ's Michael Idov visited Odessa, Ukraine to meet Valeria Lukyanova, the human Barbie doll. Among other topics, we learn that the Barbie connection wasn't Lukyanova's idea, and that she apparently frowns upon what she calls "race-mixing."

"For example, a Russian marries an Armenian," Valeria elaborates helpfully. "They have a kid, a cute girl, but she has her dad's nose. She goes and files it down a little, and it's all good. Ethnicities are mixing now, so there's degeneration, and it didn't used to be like that. Remember how many beautiful women there were in the 1950s and 1960s, without any surgery? And now, thanks to degeneration, we have this. I love the Nordic image myself. I have white skin; I am a Nordic type—perhaps a little Eastern Baltic, but closer to Nordic."

"This Is Not a Barbie Doll. This Is an Actual Human Being."