After the London train bombings the following website and its credo went up.We are not afraid We are not afraid to ride public transportation. We are not afraid to walk down a crowded street. We are not afraid of each other. We are not afraid to say that terrorism in any form is never the […]
Robert Waldmann I can’t believe this “Illegal Immigrants Could Not Buy Insurance on New ‘Exchange,’ White House Says” So a rude idiot shouts “you lie” and Obama decides he has to punish undocumented aliens. This is not about subsidies which were clearly not on offer yesterday. This is about making it harder for them to […]
Robert Waldmann In response to a critical comment, I have decided to actually read the article which I stopped reading when it said the Journal of Monetary Economics was a must publish journal for young economists. Ryan Grim asserts that economists don’t criticize the Fed because the Fed has bought control of the economics profession.I […]
by Bruce Webb Arguments were heard by the U.S. Supreme Court this week as to whether restrictions on corporate political donations were constitutional or whether those corporations are protected by the First Amendment. Court watchers report that signs are that the Robert’s Court will so rule with the ruling due to be handed down around […]
So I ran DataFerret in Batch mode. (I’m using other data and thought I would be nice. Never again, apparently.) Got the popup that said, “We’re gonna do it, dude. You can pick it up later at URL.” And the URL was (1) complicated and (2) not copyable from the popup. Haven’t gotten an e-mail […]
I will start an open thread for mid-week as well, per requests, to include such topics as are not covered otherwise or can be expanded in ways not done in main posts.
Ken Houghton distracts us from the important things with an examination of monopoly power, asymmetric information, and perpetuating a bad business deal. By the time Gary Bettman got to Phoenix, his lawyer was lying to the court: “There are three things that it takes to be an owner of an NHL franchise. One, you’ve got […]
Robert Waldmann It appears that the worst tax ever TM is the brainchild of the normally sane Olympia Snowe. How could a sensible intelligent person come up with such a terrible idea ? What is wrong with the leaky bucket metaphor for the economics of redistribution ?What is the leaky bucket metaphor for the economics […]
by Rebecca Yesterday’s post on the Australian economy sparked some discussion of its housing market. I agree – Australia’s bubble is large relative to that in the US (interestingly enough) and Canada. The chart illustrates the price to rent ratio in Australia, Canada, France, Ireland, the UK, and the US, which measures the trade-off between […]
rdan Hat tip to juan for the link to the Wednesday SCOTUS blog for this: If supporters of federal curbs on political campaign spending by corporations were counting on Chief Justice John G. Roberts, Jr., and Justice Samuel A. Alito, Jr., to hesitate to strike down such restrictions, they could take no comfort from the […]