Tuesday, September 20, 2011

Happy 5th Birthday Carpe Diem!

Carpe Diem started five years ago on September 20, 2006.  Here's a link to CD post #1 (this current post is #8,254), which features a quote in the WSJ from Warren Buffett - not about taxes, but about whether business degrees from Ivy League universities matter for success in the business world (answer: No).  

Thanks for your readership and support!  And special thanks go to: a) Professor Lee Coppock at the University of Virginia for his initial encouragement to start an economics blog, b) Mike "Eagle-Eye" Carlson for his voluntary copy-editing support, and c) Ben Cunningham for his ongoing research support! 


At 9/20/2011 9:33 AM, Blogger Pitchman said...

Always a great source of info. Short concise and appreciated. Happy B-Day!


At 9/20/2011 9:56 AM, Blogger Cabodog said...

Happy Birthday! Mark, thanks for all the work you put into CD. In our household, it's very much appreciated.

At 9/20/2011 10:28 AM, Blogger drtaxsacto said...

Mark- Thanks for these five years - this is one of the first econ blogs I read each morning.

At 9/20/2011 10:55 AM, Blogger Paul said...


At 9/20/2011 10:56 AM, Blogger Benjamin Cole said...

Congrats Dr. Perry.

Try even harder to add to the debate, not the echo chamber.

At 9/20/2011 11:24 AM, Blogger Benjamin Cole said...

BTW, there has been a lot of harum-scarum of late about inflation. Some say the CPI overstates inflation.

Here is an interesting tidbit from Scott Sumner:

"So why is housing causing a problem for the Krugman model? The answer is simple; the BLS doesn’t agree with Case-Shiller, they don’t agree that house prices fell 31.6%. What kind of figure did the BLS come up with?

Answer: 7.7%

I can just imagine your reaction: “What!?!?!?!?! They claim housing costs only fell 7.7% over the past 5 years! That’s insane.”

I’m afraid you’d better sit down for this. The BLS doesn’t claim housing prices fell 7.7% since mid-2006, they claim they rose by 7.7%. Just a minor 39.3% discrepancy with C-S."

The CPI as constructed assumes that house prices rose 7.7 percent in the last five years.

Yeah, tell us about inflation.

This also provides a market explanation for the very low interest rates we see. Rates are low as we are in deflation, and lenders know it.

At 9/20/2011 11:34 AM, Blogger bob wright said...

Happy B-Day!

At 9/20/2011 12:30 PM, Anonymous Anonymous said...

Carpe Diem is probably my favorite blog with Cafe Hayek a close second, and The Beacon and Kids Prefer Cheese coming in third and fourth. I hardly ever comment here, but I link to your posts daily on my Facebook Wall.

Thanks for the great posts and please keep it up.

At 9/20/2011 12:51 PM, Blogger Cyril Morong said...

Congratulations. This is one of my favorite blogs. Very timeily, clear an concise on the important issues. I think you are raising awareness of what good policies are.

At 9/20/2011 1:44 PM, Blogger Hans said...

Happy Birfday, you big baby!

One of the best sites on the Internet, Professor Perry!!!

At 9/20/2011 2:15 PM, Blogger Che is dead said...

"I feel a very unusual sensation - if it is not indigestion, I think it must be gratitude." -- Benjamin Disraeli

Thank-you, for all of the work you've put into this wonderful blog. (See, I've used a contraction correctly. Actually, two.)

At 9/20/2011 2:37 PM, Blogger Duncan said...

I discovered your blog recently and you do fantastic work. To put in perspective I just deleted Bloomberg from my favorite list and replaced with your site as you are far more informative and unbiased. Thank you Professor.

At 9/21/2011 6:00 AM, Anonymous Anonymous said...

Happy Birthday! I always have a big slice of Carpe Diem with my coffee, and I drink a lot of coffee.

Mark, thanks for all of your hard work providing excellent and provocative daily insights into a bit of everything we all want to know and talk about.

At 9/21/2011 7:08 AM, Blogger Free2Choose said...


Happy b-day, Mark. This blog is one of the greater pieces in your entire body of work. Thanks for all the hard work you put into it.


At 9/21/2011 7:37 AM, Blogger PD Dennison said...

Congratulations Dr. Perry!! Here is to 5 more!!

Love the site...always interesting and to the point.

At 9/21/2011 12:51 PM, Anonymous Anonymous said...

Happy late birthday.

At 9/21/2011 2:49 PM, Blogger Ron H. said...

"BTW, there has been a lot of harum-scarum of late about inflation. Some say the CPI overstates inflation."

This is OT. Out of courtesy to others you might considering staying on topic until at least 20 comments have been logged before you run off the rails.

However, do as I say, not as I do.


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