It appears that Larry Summers was actually correct. Netsmith wonders if he'll be offered his old job back.

So, what are the silly but serious ideas (ie, nothing so insane as believing that central planning is going to work) in economics?

On insane economic ideas, how about a national food price agency?

Or the stupidity of ignoring opportunity costs?

Serious and not silly economic ideas: just where does the power reside in a firm? (The answer is that all purpose economic get out: "it depends".)

The moment all have been waiting for: the ASI does sex-blogging. The conclusion, that you should decide what risks you wish to take seems obvious.

And finally, so this is where the Muppet Show got the idea from then?