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Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:8333
Posts / Week:24.4
Archived Since:March 2, 2008

Blog Post Archive

Never reason from a bond price change

(August 24, 2014 11:38 AM, by Scott Sumner) Here's Brad DeLong: I have to say that most of what I have quoted from Nick seems wrong to me. Yes, in 1982-1983 it was true to say "it became harder than normal to sell other goods for money... (0 COMMENTS)

Nominal GDP targeting in developing countries

(August 23, 2014 06:22 AM, by Scott Sumner) Commenters Patrick Sullivan and gofx directed me to a post on NGDP targeting in developing countries, by Pranjul Bhandari and Jeffrey Frankel: Targeting Nominal GDP has been proposed in the context of major industrialised countries. (Frankel, 2012, gives other references... (0 COMMENTS)

Greenhouse Gases

(August 23, 2014 12:02 AM, by David Henderson) For many years, Linda Greenhouse covered the Supreme Court for the New York Times. She no longer does, but she has an op/ed in the Times. Her latest op/ed is quite revealing, perhaps intentionally, perhaps not. As regular readers of... (0 COMMENTS)

Friday Night Audio: Henderson on George Hilton

(August 22, 2014 05:15 PM, by David Henderson) Last night, I did a segment on the John Batchelor Show on the late George Hilton. Here it is. My part starts at 33:10 and goes to the end. One correction: John referred to me as the Features Editor of... (0 COMMENTS)

Education Bet Update

(August 22, 2014 12:05 AM, by Bryan Caplan) In 2011, my co-blogger David and I bet on the future of higher education. The terms:I propose that we use the official numbers from the National Center for Education Statistics' Table 212. 2009 is the latest available year of data.... (0 COMMENTS)

One Innocent Person is Killed. Response: Kill More Innocent People

(August 21, 2014 12:59 PM, by David Henderson) Glenn Reynolds, a law professor at the University of Tennessee, better known as Instapundit, writes: The response to Foley's beheading should have been a MOAB dropped on an ISIS-held town. For those of you who don't know, a MOAB is... (0 COMMENTS)

Paul Krugman on Why We Fight

(August 21, 2014 12:10 AM, by David Henderson) I often criticize Paul Krugman's writing on economics. But I also give him credit where credit is due. And credit is due for his excellent recent column on war. Read the whole thing. Some excerpts and my comments: If you're... (0 COMMENTS)

What's the Use of Crying Over Spilled Blood?

(August 21, 2014 12:04 AM, by Bryan Caplan) The U.S.-led invasion of Iraq in 2003, you may recall, was dubbed Operation Iraqi Freedom. Eleven years and over 100,000 civilian deaths later, the name is dark comedy. The replacement Shiite-dominated government is a close ally of the Iranian theocracy,... (0 COMMENTS)

George Hilton, RIP

(August 20, 2014 02:52 PM, by David Henderson) On August 4, while I was on my vacation, my beloved transportation economics professor, George Hilton, died. Co-blogger Art Carden has rightly singled out one of his best articles in a post earlier today. Here are some of my reminiscences... (0 COMMENTS)

Paper of the Week: The Jitneys, or The Uber of Early 20th Century

(August 20, 2014 11:45 AM, by Art Carden) In response to my recent blogging about Uber and Lyft, Daniel Klein sent me this paper (gated by JSTOR) by Ross Eckert and the recently-deceased George Hilton. It's a fascinating story of rent-seeking special interests (electric streetcar and railway companies)... (0 COMMENTS)

Practical Guidance for Prudent Students

(August 20, 2014 12:01 AM, by Bryan Caplan) The Case Against Education's chapter on the selfish return to education runs over sixty pages. Since I suspect that even eager readers may skim all the tables, I end with practical advice in plain English. Note: Nothing in this section... (0 COMMENTS)

When supply is demand

(August 19, 2014 09:02 PM, by Scott Sumner) In order to do good economic analysis, it is important to distinguish between supply and demand shocks. Commenter SG pointed me to this curious post by Paul Krugman: For those new to or confused by the term, secular stagnation is... (0 COMMENTS)

Krugman on Health Care: I Advocate Horror

(August 19, 2014 07:58 PM, by David Henderson) Paul Krugman writes: the attack on Obamacare depended almost entirely on lies, and those lies are becoming unsustainable now that the law is actually working. No, there aren't any death panels; no, huge numbers of Americans aren't losing coverage or... (0 COMMENTS)

Canada's Single Payer/Single Problem

(August 19, 2014 01:23 PM, by David Henderson) Have you seen this sign in your doctor's office? It reads, "One problem per visit, please." An editorial in the Canadian Medical Association Journal says this sign is popping up in the offices of some family physicians. This is from... (0 COMMENTS)

Tolerance Before Empathy

(August 19, 2014 12:24 AM, by Bryan Caplan) Suppose you have a ne'er-do-well cousin. A long-term alcoholic and drug addict, he's been arrested about thirty times - though never convicted of a felony. One day he comes to your door, and tells you a largely accurate history of... (0 COMMENTS)

Walmart to the Rescue

(August 18, 2014 04:17 PM, by David Henderson) While away on my vacation in Canada, I missed this story about Walmart and health care. Here's an excerpt: After years of "Will they or won't they?" discussion, Walmart is making its long-awaited move into delivering primary care: The retailer... (0 COMMENTS)

Our Poverty and Theirs

(August 18, 2014 02:41 PM, by Bryan Caplan) I regularly praise Nicholas Kristof's courageous essay on Third World poverty. While First World immigration policies and Third World economic policies cause enormous harm, the global poor exacerbate their woes with grotesquely irresponsible behavior. Kristof:[I]f the poorest families spent as... (0 COMMENTS)

Quarters on the Sidewalk as Stimulus

(August 18, 2014 11:45 AM, by Art Carden) A very brief Twitter exchange from last week: @WesleyVaughn Dropping a million quarters on sidewalks around town would be a better idea.— Art Carden (@artcarden) August 12, 2014 I was jesting, but only sort of. As a friend has suggested,... (0 COMMENTS)

Grade deflation, grade illusion, and academic depressions

(August 17, 2014 06:13 PM, by Scott Sumner) Standard monetary theory says that changes in the money supply and prices are neutral under certain circumstances, such as in the very long run, and also after monetary reforms where all contracts are automatically adjusted to the change in the... (0 COMMENTS)


(August 16, 2014 08:41 PM, by David Henderson) Which cause should we focus on? One of my favorite editorial writers for the Wall Street Journal, Mary O'Grady, writes (in "A Terrorist Big Fish Gets Away" in the August 11 print edition): America's voracious appetite for illegal drugs has... (0 COMMENTS)

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