Working Paper #666

Recently, in one of the current economic crisis disccusions, I saw a link to a Working Paper #666 from the Federal Reserve Bank of Minneapolis. At first I thought it’s a prank. Well, the number alone sounds like some dark humor. Nope. It was not. I went through the link http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4062, yeah, really, the site truly belongs…

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Economy crisis 101

Pardon for another non-technical post, but I thought it may be interesting. A friend of mine, a professor at the University of Texas, presented an article of his student, introducing some mathmatical theory explaining the roots of today crisis in economy. And I could not resist to answer. If you know all this, please, understand. Afetr…

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