On May 30, 2011 The New Yorker’s James Surowiecki wrote “A Billion Prices Now” about policy makers not having enough accurate information to make timely decisions about the economy. Beginning with the New Deal, the government began collecting statistics to put together Gross National Product (GNP) that became today’s Gross Domestic Product (GDP). To improve upon this, MIT economists Alberto Cavallo and Roberto Rigobin created the Billion Prices Project (BPP) which predicted the economic collapse of September 2008 two months before it showed up in government statistics in November. Having such information can help decide how much intervention or stimulus is needed. Of course it requires courageous politicians to act upon it.
Michael Specter wrote “Resistant” about the history of epidemics, vaccination and human rights. A plague can change history or destroy a civilization. Get your kids immunized.
Copyright 2011 DJ Cline All rights reserved.