Relevant and even prescient commentary on news, politics and the economy.

I Take No Joy in Raping and Pillaging

Chris Christie moves New Jersey into the 17th century: Christie is cutting $475 million in aid to school districts, $62 million in aid to colleges and $12 million to hospital charity care. He is pulling all funding from the department of Public Advocate….He is cutting state subsidies for NJ Transit, a move Christie said could […]

CGI 2: Opening Ceremony / Initial Plenary Session (1 of 2)

This one’s going to be long because a lot of general themes get presented. Those looking for the shorter version may want to just go to the website and watch the videos.* William Jefferson Clinton (WJC) introduces the proceedings by giving a background on the Clinton Global Initiative (CGI). CGI began in 2005, and required […]

PSA

It’s true that I have been a bit nastier than usual with some posts (especially this one and this one—though the latter was rather justified by preceding events, as Tom detailed.) The sight of economists who should know better saying “Ewww, tariffs” in the manner of second grade boys who think girls have “cooties” is […]

A Short Note on Optimality

Via Eszter, there is one thing that is very clear from this graphic (duplicated below because I can’t figure out how to embed it): There is an excess of home-based internet capacity in the United States, for which people are definitionally paying too much. The question is whether this is a problem. If you argue […]

How to Manage Variable Costs, Arkansas-Style

Via the Chronicle of Higher Education (link may not be public): The Arkansas legislature is taking a different approach to reining in soaring tuition costs: Today it sent a bill to the governor’s desk that would cap the amount of money public colleges can spend on scholarships. Increases in scholarship aid lead to higher tuition […]

Not Just Developing Countries

The most interesting presentation I saw at the AEA last January was Maccini and Yang’s discussion of the effect of rainfall on the health and growth of Indonesian babies.* It was subsequently discussed as an NBER working paper** by Jason Shafrin, and the thing that made it most interesting is that Maccini and Yang found […]