Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:6078
Posts / Week:12.8
Archived Since:March 2, 2008

Blog Post Archive

UBI and Health Care: What's Wrong With Murray's Approach

(March 28, 2017 01:53 PM, by Bryan Caplan) How would a Universal Basic Income handle health care? Normally, UBI advocates just say, "separate issue" and move on. But not the great Charles Murray. His In Our Hands: A Plan to Replace the Welfare State proposes two regulations to... (1 COMMENTS)

Hooper and Henderson Do Want the FDA Another Way

(March 28, 2017 01:40 PM, by David Henderson) In a comment on my co-blogger Alberto Mingardi's post on the FDA, AlanG writes: FDA has to evaluate new drugs based on their risk/benefit profile. Large clinical trials of new vaccines destined to be administered to healthy children are required... (0 COMMENTS)

Dan Klein on Scott Gottlieb

(March 28, 2017 07:42 AM, by Alberto Mingardi) Dan Klein comments on Donald Trump's FDA nominee for the Heartland Institute. Klein, with Alex Tabarrok, edits the FDA Review project of the Independent Institute. On Gottlieb, Klein is very positive: Scott Gottlieb is not a William Lloyd Garrison, but... (6 COMMENTS)

An Optimistic View on Deregulation's Prospects

(March 27, 2017 03:40 PM, by David Henderson) My thesis is as follows: Gains from exchange contain the seeds of their own expansion. When economists and other intellectuals provide evidence that deregulation increases gains from exchange, either these intellectuals, bureaucrats, or others often draw on this evidence to... (2 COMMENTS)

Two Intuitionist Insights

(March 27, 2017 01:45 PM, by Bryan Caplan) From Mike Huemer's chapter in the new Arguments for Liberty, edited by Aaron Powell and Grant Babcock:Virtually all nonintuitionists are hypocritical: they adopt and retain ethical beliefs in precisely the way that intuitionists do - namely, they believe what seems... (9 COMMENTS)

Best Two Paragraphs of My Weekend Reading

(March 26, 2017 05:21 PM, by David Henderson) The turning point came in 1758. The Philadelphia Yearly Meeting [of Quakers] recorded a "unanimous concern" against "the practice of importing, buying, selling, or keeping slaves for term of life." This was the first success for the cause of abolition... (1 COMMENTS)

Conservatives better hope that wages and prices are sticky

(March 25, 2017 04:06 PM, by Scott Sumner) Macroeconomists are often lousy political philosophers. In previous posts I've discussed how macroeconomic views that are considered "liberal" or "conservative" actually have no obvious relationship to those political stances. For instance there's no obvious reason why "using monetary policy" (as... (0 COMMENTS)

Restless Judge Posner

(March 25, 2017 02:48 PM, by David Henderson) Probably the best-known current federal judge who is not a Supreme Court justice is Richard Posner. He has been a judge on the 7th Circuit since 1981. Posner is known for his judicial decisions, his crystal-clear writing style in... (0 COMMENTS)

DeLong on Gains from International Trade

(March 24, 2017 01:46 PM, by David Henderson) UC Berkeley economist Brad DeLong has written one of the best short pieces on the gains from international trade. His post is titled "Are There Benefits from Free Trade?: DeLong FAQ." He writes: Well, typically and roughly, the average import... (1 COMMENTS)

Henderson on the John Batchelor Show

(March 23, 2017 06:22 PM, by David Henderson) Here's the audio from my interview yesterday. The interview was prompted by this blog post.... (0 COMMENTS)

Robert Frost and liberalism

(March 23, 2017 02:02 PM, by Scott Sumner) Robert Frost once said: A liberal is a man too broadminded to take his own side in a quarrel. This seems very clever to me---I wonder what other people think. 1. He may not be using the term "liberal" to... (0 COMMENTS)

Good Manners vs. Political Correctness

(March 23, 2017 02:04 PM, by Bryan Caplan) My first face-to-face encounter with political correctness came in 1989. All undergrads in my dorm at UC Berkeley were strongly urged to attend the all-important DARE meeting. Not DARE as in "Drug Abuse Resistance Education" but DARE as in "Diversity... (0 COMMENTS)

Social Science, Statistics, and the Garden of the Forking Paths

(March 23, 2017 09:44 AM, by Amy Willis) EconTalk host Russ Roberts has made no secret of his misgivings about high-level statistical analysis. So it's no surprise that his skepticism is brought to bear in his interview this week with Columbia University's Andrew Gelman. However, Roberts magnanimously... (0 COMMENTS)

Tyler Cowen is a Semi-Persuasive Futurist

(March 22, 2017 06:31 PM, by David Henderson) My review of Tyler Cowen's latest book, The Complacent Class, is now out in the pages of Regulation. It's titled "Tyler Cowen: Semi-Persuasive Futurist." This excerpt gives a flavor of what I liked and disliked: Cowen nails the causes and... (0 COMMENTS)

Is Immigration a Basic Human Right? Full Video

(March 22, 2017 02:20 PM, by Bryan Caplan) Here's my debate with Christopher Wellman. Since the audience was admonished to vote on the literal resolution prior to voting, I'm now slightly less confident in my "metaphorical voting" theory of my Intelligence Squared debate outcome. Either way, enjoy.... (0 COMMENTS)

Interest on reserves and stock prices in 2008

(March 21, 2017 03:23 PM, by Scott Sumner) I did a recent post criticizing Bernanke's defense of paying interest on reserves. This policy was introduced in October 2008, and even the Fed viewed the policy as contractionary in intent. Indeed Susan Woodward and Robert Hall called the Fed's... (0 COMMENTS)

Pacifism in Hell's Angels

(March 21, 2017 01:30 PM, by Bryan Caplan) Until recently, I only knew Howard Hughes' World War I saga Hell's Angels (1930) second-hand, from Martin Scorsese's Hughes biopic, The Aviator. I was amazed when I finally watched Hughes' classic. The special effects are stunning even by modern standards.... (0 COMMENTS)

Thoughts on the Republican Health Insurance Reform

(March 20, 2017 09:51 PM, by David Henderson) I've held back on commenting in a big-picture sense on the Republicans' plan for repealing and replacing Obamacare. I've found comments by Megan McArdle, Peter Suderman, co-blogger Scott Sumner, and Steven Landsburg, among others, useful. They've tended to focus on... (0 COMMENTS)

Is Immigration a Basic Human Right? My Opening Statement

(March 20, 2017 02:40 AM, by Bryan Caplan) Here's my opening statement from Thursday's debate. Enjoy. Normal 0 false false false MicrosoftInternetExplorer4 There are many complaints about governments, but the harshest is, "This government grossly violates human rights." The background assumption is that human beings have rights that... (0 COMMENTS)

Is a falling population contractionary?

(March 19, 2017 06:47 PM, by Scott Sumner) One often comes across articles that suggest Japan faces "headwinds" of a falling population. This is supposed to contribute to falling aggregate demand and deflation. That may be true, but if so it's almost certainly not for the reason that... (0 COMMENTS)

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