The Fed's Credibility

Over at Truck and Barter.

The Downtown Struggle

Restaurants continue to struggle in downtown La Crosse. Bruegger's Bagels just closed, not long after Downtown Mario's closed. The Big Muddy Bistro closed a year ago and the Lone Wolf Coffee Shop has had trouble. Meanwhile, out by Interstate 90 and the new Super Walmart things are on the rise with the recent addition of a Quizno's and a Cold Stone Creamery. I'm sure it won't be long before the city council tries to "solve" this problem.

Quick hits

Some good links I want to remember:

Varian on exchange rates.

Michael's excellent second posting on the Random Walk process.

Robert Lucas on the industrial revolution.

Some more work on deficits and interest rates.

Arms Races

Over at Truck and Barter I have a post on arms races.

Here is a list of some more:

spammers and anti-spam software makers.

virus creators and anti-virus software makers.

bacteria and antibiotic manufacturers.

currency issuers and counterfeiters.

and the list goes on....

Update: Filesharing and anti-filesharing