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This Week's Think Tank: California, Bankers, and the End of Cooking

1) California's budget crisis in charts, graphs, and bullet points.

2) The Center for Economic and Policy Research explains how a tax on financial transactions would work.

3) Gary Gorton and Andrew Metrick argue that "securitized banking" caused the financial crisis.

4) The Urban Institute examines the options for paying for health-care reform.

5) Economists David Cutler, Ed Glaeser, and Jesse Shapiro argue that Americans have become more obese because we've stopped cooking.

By Ezra Klein  |  August 3, 2009; 12:02 PM ET
Categories:  Think Tank  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: How Financial Speculation Can Help America
Next: Lunch Break


Point 5. Um, no, they don't.

Dude, at least read the abstract before misstating the paper's conclusion.

"This applies to some, but not most, of the population."

Posted by: anaximander471 | August 3, 2009 3:07 PM | Report abuse

Dude, Gorton is the worst. He was one of the people at AIG championing CDS with little to no understanding of the position AIG's CDS group: 'Gorton guessed that the piles were no more than 10 percent subprime.' (from the Vanity Fair article you linked to a few weeks ago). He continued to champion CDS in his Funding Investments course at Wharton--thank God he's at Yale now, though I wish I would have been spared having him while at Wharton. I'd take anything he says with a grain of salt.

Posted by: doomisnervous | August 4, 2009 12:08 AM | Report abuse

That Cuttler, Glaeser, & Shapiro paper has been around for a while - it's very interesting, but I think you are misrepresenting their findings here.

As I recall (I saw Cuttler present this paper some years ago) the authors use data from food diaries collected over time and find that the actual amount of calories consumed at mealtimes has actually declined. But the amount of snacking has gone up exponentially. Their model postulates that pre-prepared and packaged food has significantly lowered the labor-cost of food consumption, increasing food consumption particularly between meals.

Posted by: DCeconomist | August 4, 2009 10:15 AM | Report abuse

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