Wednesday, November 29, 2006

Mitt's Economists

Mitt Romney just attracted two top economists, Greg Mankiw and Glenn Hubbard, to act as co-chairs of his Commonwealth PAC’s Economic Advisory Council.

I was excited to read this. Hubbard comes with top credentials, though regrettably I am not as familiar with him myself. Mankiw is both brilliant and eloquent (he blogs). He was President Bush's former Chairman of Council of Economic Advisers, and is currently a professor at Harvard, where wrote two of my undergraduate economic textbooks. I'm looking forward to the chance he will have to influence policy. Economists often criticize policy makers because many of their decisions cater to special interests and do not maximize the overall economic wellbeing of the country. I will be actively following the economic proposals coming out of Romney's camp, and will hope and expect them to be sound, coming from Mankiw.

Monday, November 27, 2006

Off Topic: Robert Frost Poetry



Today I discovered a renewed interest in poems. This "enlightenment" came while painting at the Boys and Girls Club with some friends, where there were so many smells and sights that reminded me of my own time at elementary school. The cozy smell of burning lint on the radiator, with its accompanying warm, sedative heat. Stepping outside and seeing the weeds that have seeds that look like tiny green pumpkins that we used to eat at recess; peering into a closet full of dodgeballs.

Somehow these nostalgic thoughts prompted me to ask my friends, in a Robin Williams-type way, if anyone knew any poetry to recite. This is perhaps the first time in my life I have done this. We each mustered up a poem or two. One of my friends recited "Stopping by Woods on a Snowy Evening" by Robert Frost. I had always enjoyed the ending of this poem: "But I have promises to Keep/And miles to go before I sleep." Hearing the whole poem was a treat.

I took a few minutes to memorize this poem when I got home. It's was a pleasant surprise to find out how fast it's possible to memorize poems. I knocked this baby off (helped by it's unique rhyme scheme) in under 30 minutes (try it--I bet you can, too!). And now I have deliberate, thoughtful prose I can mull over in idle moments.

So here is the poem:

Stopping By Woods On A Snowy Evening
by Robert Frost

Whose woods these are I think I know.
His house is in the village though;
He will not see me stopping here
To watch his woods fill up with snow.

My little horse must think it queer
To stop without a farmhouse near
Between the woods and frozen lake
The darkest evening of the year.

He gives his harness bells a shake
To ask if there is some mistake.
The only other sound's the sweep
Of easy wind and downy flake.

The woods are lovely, dark and deep.
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep.

Tuesday, November 21, 2006

Off-Topic: Twin Winners

My dad is from Minnesota, just down the road from Lake Wobegon (where all the women are strong, all the men are good looking, and all of the children are above average). Since he and my mom settled in Utah, I grew up without a local major league baseball team to cheer for. So my dad, brothers and I would always root for the Minnesota Twins.

The Twins are a small market team, which means they don't generate enough revenues to pay top dollar for high priced free agents. While the Yankees routinely add one or two new All-Stars every year through trades or exorbinant contracts, the Twins out of necessity focus on doing well in the draft and getting young talent through their farm system. The Twins will never be able to "buy" a championship--their only option is to build a championship team by developing their own young players.

This approach led to some rough years in the 1990s, but now the Twins have a pretty good, young team built up. They've been to the playoffs four of the past five years. And they're finally getting some home-grown star power. Today, Twins first baseman Justin Morneau won the American League MVP. Johan Santana was awarded the AL Cy Young Award last week. It's great to stick with a team for years with little to brag about, then to see them succeed the right way--through hard work and investing in their own players. Go Twins!