Blog Profile / EconLog


URL :http://econlog.econlib.org/
Filed Under:Business & Finance / Economics
Posts on Regator:6553
Posts / Week:12.8
Archived Since:March 2, 2008

Blog Post Archive

The sad paradox of free markets

(December 11, 2017 03:47 PM, by Alberto Mingardi) In a really interesting post on on zoning and congestion pricing, John Cochrane nails it: The sad paradox of free markets is that free markets do not need people to understand them to work. But democracy does require voters to... (0 COMMENTS)

Is Support for Freedom of Association Fanatical?

(December 11, 2017 03:36 PM, by David Henderson) In an article in which he makes a number of good points, on net defending a baker's decision not to bake a cake for a celebration that the baker objects to on religious grounds, Andrew Sullivan writes: And it is... (0 COMMENTS)

A Man Called Ove

(December 10, 2017 03:22 PM, by David Henderson) I rarely recommend movies on EconLog but this is an exception. My wife and I saw A Man Called Ove last night and loved it. I would give it a 9 on a scale of 1 to 10. It's a... (1 COMMENTS)

What if I didn't favor NGDP targeting?

(December 10, 2017 01:27 PM, by Scott Sumner) For the past nine years I've been promoting market monetarist ideas in the blogosphere. How important is NGDP targeting to the MM agenda? Much less important than many people assume. Kurt Schuler left the following comment in response to my... (0 COMMENTS)

My Excerpt in The Atlantic

(December 8, 2017 12:24 AM, by Bryan Caplan) I'm on vacation, but I'm delighted to announce that an excerpt from The Case Against Education has just appeared in the latest issue of The Atlantic. Enjoy!... (3 COMMENTS)

Cutting Corporate Tax Rates in 2018 or 2019: It Matters

(December 7, 2017 02:12 PM, by David Henderson) The important effect of incentives on allocation over time. One of the differences between the House and Senate versions of the tax cut is whether the corporate tax rate falls in 2018 (House) or 2019 (Senate.) It might look as... (7 COMMENTS)

What's my core message?

(December 7, 2017 12:16 PM, by Scott Sumner) I am currently working on the final chapter of a book manuscript, tentatively entitled "The Money Illusion: Market Monetarism and the Great Recession." I am trying to identify my core message. What is the essence of my critique of mainstream... (24 COMMENTS)

The Shining City on a Hill: Commentary on Reagan

(December 7, 2017 11:11 AM, by Bryan Caplan) While wrapping up my graphic novel, I wound up reading Ronald Reagan's famous Farewell Address - his "Shining City on a Hill" speech. Given my broader views, I obviously have some objections. But I was amazed to read an actual... (1 COMMENTS)

Average Federal Tax Rates by Income Quintile

(December 6, 2017 06:27 PM, by David Henderson) A number of friends on Facebook have been discussing whether the federal tax system is "progressive." That word has emotive content--"progressive" seems good--but all it means is that the higher your income, the higher your tax rate. One economist friend... (15 COMMENTS)

Why Addicts' Deaths Are Not a Social Cost of Opioid Consumption

(December 6, 2017 04:26 PM, by Contributing Guest) by Pierre Lemieux...what does it mean to say that the loss of life is a cost for an individual? The report published last month by the Council of Economic Advisers (CEA) on the cost of the opioid crisis raises... (4 COMMENTS)

The Unbearable Arbitrariness of Deploring

(December 6, 2017 02:02 PM, by Bryan Caplan) As a self-identified non-Neurotic man, I'm not surprised by the social ubiquity of anger, sadness, and fear. When something bad happens, my instinctive reaction is to say, "Calm down, it's OK" - especially if it doesn't personally affect me. But... (0 COMMENTS)

What does it mean to say "The Fed did too much"?

(December 5, 2017 04:37 PM, by Scott Sumner) MRU has a video entitled "When the Fed Does Too Much". That led me to wonder, "too much what"? Too much discretion? Too much regulation? Too expansionary a policy? So I decided to watch the video. By conventional standards the... (1 COMMENTS)

The Flynn Effect vs. the Greatest Minds in History

(December 5, 2017 02:09 PM, by Bryan Caplan) Measured intelligence (IQ) rose markedly over the 20th century, a robust result widely dubbed the "the Flynn effect." But what do these rising IQs mean? The straightforward conclusion is unbridled optimism: just as human beings are taller than they used... (4 COMMENTS)

Misconceptions about taxes

(December 4, 2017 02:14 PM, by Scott Sumner) In various comment sections, and also in the media, I am seeing lots of misconceptions about taxes. For instance, lots of people wonder why I focus so much on efficiency, and not on "who pays what". I recall once chatting... (1 COMMENTS)

The Inverse-Hirschman Scenario

(December 4, 2017 02:12 PM, by David Henderson) I call attention to the Inverse-Hirschman scenario's twist for a specific historical reason. It basically describes another historical situation--this one in Charlottesville, Virginia in the spring of 1959, amidst ongoing court orders to desegregate. The Charlottesville school system's attorney... (0 COMMENTS)

Me in Switzerland and Germany

(December 4, 2017 11:07 AM, by Bryan Caplan) I'm speaking in Zurich, Switzerland this Friday at 6 PM on The Case Against Education. Hope you can make it!P.S. I'll also be in Freiburg, Germany on December 14-16. I'll be busy all day and evening, but might be available... (0 COMMENTS)

House bill >>>>>>>>> Senate bill

(December 2, 2017 11:37 PM, by Scott Sumner) Let's hope the House wins at least a few battles in committee, because the Senate tax bill has a number of disappointing features: Keeps mortgage interest deduction as is: The Senate bill would still let you claim a deduction for... (2 COMMENTS)

Vladimir Kogan Replies on Sabotage

(December 2, 2017 10:38 AM, by David Henderson) Vladimir Kogan, one of the co-authors of the study I recently criticized on Republicans "sabotaging" the implantation of Obamacare, wrote me on November 27. I replied to him on November 29 and he replied to my reply the same day.... (0 COMMENTS)

All hail Goushi Kataoka!

(December 1, 2017 06:15 PM, by Scott Sumner) Who's the world's best central banker? I'm not sure, but this guy is certainly a front-runner for the title: Bank of Japan board member Goushi Kataoka said the central bank must expand stimulus further to achieve its price target early,... (1 COMMENTS)

Recognizing a Unicorn When You See One

(December 1, 2017 01:39 PM, by Contributing Guest) by Pierre Lemieux Individuals are different and assuming the contrary assumes away most of the social phenomena we are trying to understand. There is a good chance that my economist readers will recognize the unicorn. My non-economist readers may have... (0 COMMENTS)

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