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Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:8559
Posts / Week:24.1
Archived Since:March 2, 2008

Blog Post Archive

Merry Christmas

(December 25, 2014 05:11 PM, by David Henderson) To all readers of this blog: If you celebrate Christmas, have a Merry Christmas. If you don't, have a wonderful day anyway.... (0 COMMENTS)

The French experiment: Laffer >>>>>>> Piketty

(December 24, 2014 06:14 PM, by Scott Sumner) What an unmitigated disaster for Pikettynomics! PARIS (Reuters) - When President Francois Hollande unveiled a "super-tax" on the rich in 2012, some feared an exodus of business, sporting and artistic talent. One adviser warned it was a Socialist step too... (0 COMMENTS)

Why Florida Is My Favorite State

(December 24, 2014 04:02 PM, by Bryan Caplan) Greg Mankiw wonders why Florida is my favorite state. I'm happy to answer, but must begin with a methodological preamble.In a revealed preference sense, everyone's "favorite state" almost has to be wherever he resides. If I really preferred Florida to... (0 COMMENTS)

Two Takes on Ebenezer Scrooge

(December 24, 2014 01:29 PM, by David Henderson) One of my favorite movies to watch this time of year is the Alastair Sim version of A Christmas Carol. Watching it many times and then, finally, actually reading the Charles Dickens story, has led me to a view that... (0 COMMENTS)

Gruber and Henderson on Health Care Mandates

(December 23, 2014 08:43 PM, by David Henderson) A couple of weeks ago, I posted a video of Jonathan Gruber and me testifying on the economics of government mandates on employers to provide health insurance. We basically agreed on the analysis: the cost of those mandates is borne... (0 COMMENTS)

Outsourced to Scott Alexander

(December 23, 2014 10:36 AM, by Bryan Caplan) I read a ton of old Scott Alexander posts while vacationing in Florida. I was pleased to discover many topics I don't need to address, because Scott's already explained my views better than I could explain them myself. Choice selections:1.... (0 COMMENTS)

The Brooklyn Cop Killings: A Numerate Analysis

(December 22, 2014 04:52 PM, by David Henderson) I'll put aside the irony that many people on the right are borrowing a page that many on the left use on other issues by blaming a climate of opinion for the two Brooklyn cop murders. My own view is... (0 COMMENTS)

Choosing the right tools

(December 22, 2014 01:11 PM, by Scott Sumner) Here's the always brilliant Steven Landsburg discussing the importance of theoretical tools: I sometimes hear economists defend the unrealism of their models thusly: "Economics is an infant science. Today our models are unrealistic; a decade from now, they'll be a... (0 COMMENTS)

W. Lee Hansen on University of Wisconsin Grading Quotas

(December 21, 2014 02:46 PM, by David Henderson) UW-Madison has been moving toward egalitarian grading since 2008 when the university began reporting to departments and instructors the rates of D, F, and drop grades by gender, first-generation college status, and targeted minority status. That sent a message to... (0 COMMENTS)

Obama vs. Wall Street Journal on Global Oil Markets

(December 20, 2014 04:09 PM, by David Henderson) Both Obama and the WSJ are wrong: The WSJ is more wrong. Here's an excerpt from the Wall Street Journal's Review and Outlook (unsigned) editorial, "Obama on Oil Markets: Supply and demand seem to be elusive concepts," on President Obama's... (0 COMMENTS)

Markets describe reality; models should explain market reactions

(December 20, 2014 10:25 AM, by Scott Sumner) Paul Krugman has a new post that explains why he is pessimistic about monetary stimulus at the zero bound. He briefly describes his 1998 paper on the zero bound problem. This paper shows that if base money and bonds are... (0 COMMENTS)

Good for Michael Vick--or Incentives

(December 19, 2014 02:49 PM, by David Henderson) "What Michael did was the exception, not the rule," Luzinski said. "He didn't have to do this. The law allows you to skate by and pay your creditors 10 or 20 cents on the dollar, but he thought this was... (0 COMMENTS)

Los Angeles Unions' Two-fer on Minimum Wage

(December 18, 2014 03:16 PM, by David Henderson) When the U.S. minimum wage law was put into effect in 1938, northeastern labor unions gained from it by pricing out their competition. Unions in the textile industry were seeing textile firms move from New England states to southern lower-wage... (0 COMMENTS)

France seeks liberalizations, but bans Uber

(December 17, 2014 07:31 PM, by Alberto Mingardi) Mixed signals from France. The Financial Times, among others, has stressed the potential of the liberalisation plan pursued by the new Economy Minister Emmanuel Macron. The bill aims at lowering barriers to entry in liberal professions--notaries, pharmacists, et cetera. The... (0 COMMENTS)

Two Cheers for Obama on Cuba

(December 17, 2014 06:57 PM, by David Henderson) As is probably known to virtually all readers of this blog, President Obama announced today his steps to normalize relations with Cuba. It is long overdue and finally we have a President willing to do something about it. I have... (1 COMMENTS)

Central banks should do their job

(December 17, 2014 11:24 AM, by Scott Sumner) The title of this post sounds like a truism, and yet it's actually highly controversial. In my previous post I pointed out that the ECB was not hitting its 1.9% inflation target, and apparently has no plan for doing so... (0 COMMENTS)

The Moral Case for Fossil Fuels: Recap

(December 17, 2014 12:05 AM, by Bryan Caplan) Everything I've written about The Moral Case for Fossil Fuels, my favorite book this year:1. The thesis.2. We owe civilization to fossil fuels.3. We can live with warming.4. Refining the case.The book's a great Christmas present, all the way down... (0 COMMENTS)

Henderson on Asking Tough Questions of Government Bureaucrats

(December 16, 2014 11:20 PM, by David Henderson) I've asked tough questions before. When Leon Panetta, my former Congressman, came to NPS as Secretary of Defense, I asked [here at the 43:40 point] whether, given his own previous statement that Al Qaeda was down to a handful of... (0 COMMENTS)

The ECB: Is it a hopeless case?

(December 16, 2014 09:07 AM, by Scott Sumner) Remember the joke about the motorist who gets lost, and then asks for directions to Podunk? The farmer replies, "If I was headed to Podunk, I wouldn't start from here." Yes, and if I was targeting inflation at 1.9%, I... (0 COMMENTS)

Deadweight Loss from the New California Gas Tax

(December 15, 2014 06:37 PM, by David Henderson) Starting in January, Californians will pay an added 10 cents or so per gallon of gasoline due to a new law that goes into effect next month. UC Berkeley economist Severin Borenstein writes: Under California's cap-and-trade program to reduce greenhouse... (0 COMMENTS)

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