Gender Issue Needs Addressing

I read with horror that the Economics Profession Has a ‘Race Problem’

Quite shocking.

But I am pleased to report a success story.

Ms. Francis, who now teaches at the University of Massachusetts Boston, ultimately completed a doctorate in public policy and economics at Duke University. She thrived there, she said, in part because of mentorship from Sandy Darity, a professor who has gained prominence for his research arguing for reparations for blacks descended from American slaves.

Yes indeed.

What could possibly be more beneficial than studies on reparations for slaves based on events of hundreds of years ago?

I can only come up with one thing.

If Einstein had been a black or female, his theories would have had more meaning.

My inescapable conclusion is that we need more female theorists.

Questions Abound

  1. Why don't we have a serious discussion about the Einstein Gender Gap?
  2. What about diversity in math? Surely it matters more if a woman says 1+1=2 than if a man does. Or do we need to promote 1+1=3? One never knows these days.
  3. What about diversity at the Fed?

Q. If former Fed Chair Janet Yellen was black, would that have changed anything?

A: No. You have to think like the rest of the Fed to get in the group. Gender is irrelevant.

Diversity at the Fed Needed

Instead of more women or blacks on the Fed, I suggest we try actual diversity of economic opinion and not gender for gender's sake.

What's most needed on the Fed is an Austrian economist who proposes dissolving it. That would be diversity.

Instead, expect more group think nonsense about race and the Phillips Curve.

Good Ole Boy Network

To become a Fed president you have to think, believe, and act like a good ole boy.

Janet Yellen is best not thought of as a woman, but rather a good ole boy.

Adversity Scores to the Rescue

Meanwhile, please consider Adversity Scores: The Latest Dumbing Down of US Education.

1+1=3 is bound to get some votes in the name of diversity soon enough.

Mike "Mish" Shedlock

Mercy! Whopping Race Gap Discovered in Professional Sports

Today I learned there is an embarrassing situation in the NFL. Let's investigate further.

Liquidity Crisis Coming: Here, There, Everywhere

Jim Puplava thinks a liquidity crisis is on the horizon. I agree, adding that the problem is global.

Kudlow's Economic Forecasting Credentials

Gary Cohn is gone. Larry Kudlow will be Trump's top economic advisor. Let's have a look at Kudlow's track record.

Subdued CPI Disappoints Economic Illiterates

The more subdued the better for all of us, but the economic illiterates at Bloomberg Econoday do not see it that way.

Investigating the Alleged "Eviction Crisis"

MarketWatch claims there's an eviction crisis. Let's investigate the claim.

Coincident Economic Indicators: History Suggests Recession is Close

The Philadelphia Fed's coincident economic activity index suggests the economy is close to recession.

There Are No Temporary Measures, Just Permanent Lies

The Fed announced today that it will buy junk bonds. This exceeds its legal authority. Supposedly, it's temporary.

Amazing Revisions and Alleged Thrifty Consumers

In its latest report, the BEA revised spending down and income up. As a result, the savings rate rose.

If You Need to Be Somewhere, Get There Before You Can't

The closures of restaurants, bars, and gatherings is picking up steam. If you absolutely have to be someplace, go now.