We Leave Saving to the Private Investor...
The Pony Question...

Bryan Caplan Believes in the Equity Premium Puzzle

He not only believes in it, he believes in the home bias puzzle too--and he acts on his beliefs:

EconLog, Four Bad Role Models, Bryan Caplan: Library of Economics and Liberty : Karen Lewis' excellent article on home country bias in the Journal of Economic Literature convinced me that I should drastically increase my ratio of international assets to domestic assets. After a brief "cooling off" period imposed by my ever-prudent wife, we went forward and made the change.

But has he mortgaged his house to the gills and invested the proceeds in international equities? Enquiring minds want to know!