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Do repatriated profits boost economic growth?

Not really.  Here is John Cochrane: The Irish bank [holding Apple profits] can lend the money anywhere. It can buy US mortgage backed securities, it can lend the money wholesale to US banks who lend it out to US businesses. It can even lend the money to Apple US. Show More Summary

5 things to know about the referendum in Iraqi Kurdistan

On Sept. 25, the Kurdistan Region of Iraq (KRI) is expected to hold its long-awaited referendum on independence. While it has generated much nationalist excitement among Kurds in the KRI capital of Irbil and abroad, the central government in Baghdad and the international community have objected to the vote. The United States has mobilized diplomatic capital […]

Sorority rush consultants those new service sector jobs

Grant, a former Auburn University sorority girl, founded Rushbiddies in 2009 after helping see her own daughter through a successful recruitment week at Auburn. She now works with girls, and usually also their moms, in private consultations...Show More Summary

Tuesday assorted links

1. “Swiss prosecutors are trying to figure out why someone apparently attempted to flush tens of thousands of euros down the toilet at a Geneva branch of UBS Group AG.” 2. International adoption and IQ gaps. 3. The Millennium Villages Project did not boost land values. Show More Summary

The Green Investment Pension Con

Public pensions are complicated beasts. They represent the aggregation of promises made to public employees—both current and former—to pay them benefits from their retirement until their demise. They sum to a growing—albeit somewhat imprecise—stream of payments that presently extends to close to the end of the current century. Show More Summary

I Hear You, Matt Damon

In school choice circles, a lot of people don’t much care for actor Matt Damon, at least his education politics. (I’m not sure where they stand on The Bourne Identity or Stuck on You.) Damon—son of education professor Nancy Carlsson-Paige—has...Show More Summary

“California postpones an election to help one of its own”

Derek Muller: A sure sign of political manipulation of an election is delaying it. Troubled states like the Democratic Republic of the Congo, Somalia, and Haiti have recently come under United Nations scrutiny for delaying their elections. And then there’s … Continue reading ?

Trump DOJ, Again Siding with Texas in Voter ID Case, Opposes Having Entire 5th Circuit Hear Appeal Initially

Full throated defense of Texas’s current position in this litigation, a 180 from where DOJ was during the Obama administration. … Continue reading ?

Republican Governors Association Launches News Site, Doesn’t Reveal Its Backing until AP Asks

AP: The Republican Governors Association has quietly launched an online publication that looks like a media outlet and is branded as such on social media. The Free Telegraph blares headlines about the virtues of GOP governors, while framing Democrats negatively. … Continue reading ?

“Political campaigns prep for battle with hackers”

Politico: Candidates are quizzing prospective campaign managers on anti-hacking plans. Democratic committees like the Democratic Congressional Campaign Committee, which was breached last year, have switched internally from email to encrypted messaging apps. And both parties are feverishly trying to spread … Continue reading ?

“Professor Lessig’s Electoral College Litigation”

Bob Bauer: There is more to be said about the complexities of a reform initiative like the one Professor Lessig has advanced, but the evaluation requires attention in the first instance to the question of the various ways in the … Continue reading ?

The Two-Per-Cent Solution

The Fed’s persistent failure to reach its 2 percent inflation target ever since that target was first made explicit in 2012 has elicited a great deal of commentary in the last couple months, from economists, journalists, and some Fed officials themselves. Show More Summary

Poll: Public Distrusts Wall Street Regulators as Much as Wall Street, Say Gov't Regulators Are Ineffective, Biased, and Selfish

The new Cato Institute 2017 Financial Regulation national survey of 2,000 U.S. adults released today finds that Americans distrust government financial regulators as much as they distrust Wall Street. Nearly half (48%) have “hardly any...Show More Summary

USA Today on Tax Reform

On the topic of tax reform, I wrote the “opposing view” column yesterday for USA Today. But rather than oppose the newspaper’s editors, I agree with most of their views. The editors said: The federal tax code is an unholy mess. It consumes 6 billion hours of Americans’ time each year. Show More Summary

The Color of Law

Richard Rothstein’s The Color of Law is a good history of government discrimination against African-Americans in the housing market. Most notably, the FHA and the VA refused to guarantee mortgage loans or loans to builders unless the neighborhood was segregated. Show More Summary

Why international aid so often falls short — and sometimes makes things worse

Last month, Ambassador Mark Green became the new administrator of the U.S. Agency for International Development (USAID). Green is widely respected within the global development community and has made clear that business as usual at USAID is not an option. On his first day inside the Ronald Reagan Building, he told USAID staff, “I believe […]

A controversial article praises colonialism. But colonialism’s real legacy was ugly.

How many of today’s problems in the Global South are a direct legacy of colonialism? A recent journal article by Bruce Gilley,  “The Case for Colonialism,” kicked up great controversy by arguing that the “orthodoxy” that Western colonialism was universally harmful to colonized peoples and countries is overstated. Show More Summary

The economics of Graham-Cassidy

It is good for forcing some fiscal discipline on health care, but state governments are fiscally too weak to take over America’s public sector health care finance.  That is the message of my latest Bloomberg column.  Here is one excerpt: There is another problem with state experimentation in this context. Show More Summary

“How the FEC Turned a Blind Eye to Foreign Meddling”

Ann Ravel for Politico: I suggested to the commission that the FEC consult with internet and tech experts to discuss how the agency’s current approach may or may not fit with future innovations. Starting this conversation should have been noncontroversial, … Continue reading ?

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