Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:5557
Posts / Week:12.7
Archived Since:March 2, 2008

Blog Post Archive

The Case for a Basic Land Guarantee

(June 17, 2016 06:45 PM, by David Henderson) Reading Chapter V, "Of property," in John Locke's "Of Civil Government" for a conference a few months ago, I had an idea for getting the federal government to disgorge much of the property it owns: a Basic Land Guarantee... (0 COMMENTS)

Just how influential is the USA?

(June 17, 2016 11:55 AM, by Scott Sumner) Noam Chomsky and the neocons don't agree on much, but they do agree on one thing. The US is a very influential superpower. Of course the neocons think it is mostly a force for good, whereas Chomsky tends to see... (6 COMMENTS)

Schneiderman as Lebron, Kazman as Ayesha

(June 16, 2016 09:49 PM, by David Henderson) Eric Schneiderman, Attorney General of New York state, accuses companies that defend their right to free speech of engaging in "First Amendment opportunism." Somehow, probably because tonight's basketball game is on mind, that reminds me of Lebron James's comment that... (1 COMMENTS)

Three ways to do a UBI: None are feasible

(June 16, 2016 06:04 PM, by Scott Sumner) There's been a lot of discussion about the advantages of a universal basic income (UBI), which might involve giving everyone an income of say $10,000 or $12,000/year. I've written on this before, here I'll just provide a very short and... (4 COMMENTS)

Brennan Admits Unintended Consequences of U.S. Intervention

(June 16, 2016 02:07 PM, by David Henderson) But will anyone listen? In fact, as the pressure mounts on ISIL, we judge that it will intensify its global terror campaign to maintain its dominance of the global terrorism agenda. This is a quote from CIA Director John Brennan... (0 COMMENTS)

My Answers for Robin

(June 16, 2016 01:51 AM, by Bryan Caplan) Robin asks me:Relative to tenured professors of social science who were hypothetically given my task, and considering average accuracy relative to simple standard academic theories, what do you estimate to be my percentile rank in 1) overall accuracy, and 2)... (0 COMMENTS)

Pre-Brexit Bet Clarification

(June 16, 2016 12:05 AM, by Bryan Caplan) Back in 2008, I bet:If any current EU member with a population over 10 million people in 2007 officially withdraws from the EU before January 1, 2020, I will pay you $100. Otherwise, you owe me $100.Before the June 23... (0 COMMENTS)

The Wall Street Journal's Innumeracy

(June 15, 2016 04:17 PM, by David Henderson) "Obama frequently reminds his staff that terrorism takes far fewer lives in America than handguns, car accidents and falls in bathtubs do," reports Jeffrey Goldberg in a lengthy profile of the President's national-security thinking in the Atlantic magazine. Islamic State,... (1 COMMENTS)

Neoliberalism: There is no alternative

(June 15, 2016 10:25 AM, by Scott Sumner) Margaret Thatcher coined the phrase; "The is no alternative" back in the 1980s. Of course this is not literally true, as the unfortunate residents of Venezuela are now discovering. But the alternative is so unpleasant that Thatcher's claim contains more... (4 COMMENTS)

Response to a Regular Reader about Illegal Prostitution

(June 14, 2016 09:31 PM, by David Henderson) In response to my post criticizing Jimmy Carter for his advocacy of keeping prostitution illegal, Stanley Greer wrote me the following (and gave me permission to reprint.) David Henderson criticizes Jimmy Carter for saying prostitutes sell themselves. He insists they... (2 COMMENTS)

Deregulation, Voodoo, and Krugman

(June 14, 2016 10:31 AM, by Bryan Caplan) Many of my friends wistfully contrast the great neoliberal Krugman of the 90s with the leftist ideologue Krugman of today. But both Krugmans are alive and well in 2016. A stark case:In "Notes on Brexit" (June 12, 2016), Krugman scoffs... (0 COMMENTS)

What to Do about London Housing

(June 14, 2016 06:51 AM, by David Henderson) James Jirtle, a long-time reader of Marginal Revolution, recently wrote Tyler Cowen and asked his views about what to do about high housing prices in London. Mr. Jirtle listed 11 proposed responses and asked which Tyler thinks "are likely to... (0 COMMENTS)

3 Answers from Robin

(June 14, 2016 12:08 AM, by Bryan Caplan) Robin's answers to my three questions: Let me emphasize yet again that I present myself in the book as an expert on facts, not on values, so my personal values should not be relevant to the quality of my book.... (0 COMMENTS)

Misallocation under Rent Control

(June 13, 2016 11:36 AM, by David Henderson) On Marginal Revolution this morning, Tyler Cowen addresses the question "How bad is rent control when housing supply is artificially restricted by law?" He leads with this: Many of you have been asking me about this NYT article on the... (1 COMMENTS)

3 Questions for Robin

(June 13, 2016 01:21 AM, by Bryan Caplan) On a 0-10 scale, 0 being hell, 10 being paradise, how do you rate:1. Earth as it currently exists?2. The Age on Em as you describe it?3. The Age of Em if it ends in human extinction within one objective... (0 COMMENTS)

The Age of Em: Reply to Robin

(June 13, 2016 12:38 AM, by Bryan Caplan) Here's my reply to Robin's reply to my criticisms of The Age of Em. I'm the main text; he's in first-level blockquotes; I'm in second-level blockquotes; he's in third-level blockquotes.1. Robin only pretends to dodge philosophy of mind... He... (0 COMMENTS)

Reply to Jerry O'Driscoll

(June 12, 2016 03:21 PM, by Scott Sumner) Marcus Nunes directed me to a post by Jerry O'Driscoll, which asked the following questions: The specific question I pose for advocates of NGDP targeting is how today will anything the Federal Reserve does to its balance sheet alter the... (0 COMMENTS)

The Left, Greece, and The Big Lie

(June 11, 2016 01:10 PM, by Scott Sumner) Scott Alexander recently pointed to the appalling record of the left-leaning media on economic policy: Venezuela is collapsing, with the New York Times describing it as "uncharted territory" for a semi-developed country to be so deep in economic disaster that... (0 COMMENTS)


(June 11, 2016 10:36 AM, by David Henderson) All of these [retail] businesses operated below the radar screen of megacapitalists like the Morgans. Their primary capital expenses were for real estate and inventory, which could be financed by traditional mortgages and bank working capital lines. But that was... (0 COMMENTS)

Robin Hanson's The Age of Em: A Succinct Assessment

(June 10, 2016 12:01 PM, by Bryan Caplan) I've criticized Robin Hanson's Age of Em for being needlessly confusing. To avoid being subject to the same charge, here is my succinct assessment.1. Robin Hanson is a brilliant, delightful thinker, and I'm glad he wrote the book.2. Futurism -... (0 COMMENTS)

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