Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:5371
Posts / Week:12.6
Archived Since:March 2, 2008

Blog Post Archive

What's so Great about Free Trade? Lots

(April 1, 2016 03:35 PM, by David Henderson) In a post yesterday, my former UCLA graduate student colleague David Glasner asks "What's so Great about Free Trade?" It's a long, well-written piece and I can't completely summarize it in a few sentences, but here goes. David argues that... (0 COMMENTS)

Two Terror Graphs

(April 1, 2016 12:06 AM, by Bryan Caplan) Is there anything seriously wrong or deeply misleading in either of these graphs?From Datagraver:From Statista:... (0 COMMENTS)

The Devastating $15 Minimum Wage: Don't "Experiment" on Non-Volunteers

(March 31, 2016 06:16 PM, by David Henderson) In yesterday's Washington Post, Charles Lane reports on the move, that's almost a done deal, to raise California's minimum wage in stages to a whopping $15 an hour by 2022. Lane, or his editors, wisely titled the article, "The risks... (1 COMMENTS)

Lake Wobegon Keynesians

(March 31, 2016 11:44 AM, by Scott Sumner) The Keynesian view of fiscal policy is an ever-changing theory. In the 1960s, it was believed that fiscal stimulus was needed during recessions. In the 1990s, Keynesians argued that fiscal policy was not an appropriate stabilization tool, rather monetary policy... (0 COMMENTS)

The Case Against Education: Forthcoming from Princeton University Press

(March 31, 2016 12:10 AM, by Bryan Caplan) I am delighted to report that Princeton University Press will be publishing The Case Against Education in 2017. PUP was an excellent partner for The Myth of the Rational Voter, and I'm looking forward to doing business together again. And... (0 COMMENTS)

So Far: My Response on Unfriendly AI

(March 30, 2016 12:04 AM, by Bryan Caplan) Eliezer Yudkowsky asks: "Well, in the case of Unfriendly AI, I'd ask which of the following statements Bryan Caplan denies." My point-by-point reply:1. Orthogonality thesis - intelligence can be directed toward any compact goal; consequentialist means-end reasoning can be deployed... (0 COMMENTS)

Obamacare Spent A Lot to Get More Coverage

(March 29, 2016 12:03 PM, by David Henderson) And it could have been a lot less intrusive. There's never been any secret that if the US [government] was willing to spend an extra $100 billion or more, it could subsidize health insurance for a lot more people. This... (0 COMMENTS)

A little bit pregnant

(March 29, 2016 10:00 AM, by Scott Sumner) Paul Krugman has a new post of mercantilism: Neil Irwin has a good think piece on Trumpism and the trade deficit; but as Dean Baker rightly suggests, it arguably suffers a bit from being a discussion of the effects of... (0 COMMENTS)

Booth on the ethics of economic preaching

(March 29, 2016 07:55 AM, by Alberto Mingardi) I've already pointed out that I think free-marketers are underestimating the impact of Mariana Mazzucato's work. Her book "The Entrepreneurial State" has made her a public persona; she is an effective speaker, and I fear in the next few years... (0 COMMENTS)

So Far: Unfriendly AI Edition

(March 29, 2016 12:08 AM, by Bryan Caplan) Eliezer Yudkowsky responds to my "selective pessimism" challenge with another challenge. Here he is, reprinted with his permission.Bryan Caplan issued the following challenge, naming Unfriendly AI as one among several disaster scenarios he thinks is unlikely: "If you're selectively morbid,... (0 COMMENTS)

Unintended, but Predictable, Consequence #262

(March 28, 2016 03:03 PM, by David Henderson) Significantly, when the last American troops left Iraq, in December 2011, isis did not follow them home. "In its various incarnations," notes Daniel Byman, a counterterrorism expert who is a professor at Georgetown, the Islamic State "focused first and foremost... (0 COMMENTS)

Bernanke on monetary policy options

(March 27, 2016 09:35 PM, by Scott Sumner) Rajat directed me to a series of posts by Ben Bernanke, discussing monetary policy options if the US once again hits the zero rate bound. Bernanke thinks this problem is likely to occur in the next recession, and I agree.... (0 COMMENTS)

To Address the Top One Percent, Allow Competition

(March 27, 2016 12:39 PM, by David Henderson) For lawyers, doctors, and dentists-- three of the most over-represented occupations in the top 1 percent--state-level lobbying from professional associations has blocked efforts to expand the supply of qualified workers who could do many of the "professional" job tasks for... (0 COMMENTS)

Saturday Afternoon Video

(March 26, 2016 02:52 PM, by David Henderson) The death of Tibor Machan, whom I wrote about briefly here, caused me to watch a 48-minute panel discussion by current and former editors of Reason on the 45-year anniversary of Reason. I'm using this video with permission of Reason.... (0 COMMENTS)

Tibor Machan RIP

(March 25, 2016 07:08 PM, by David Henderson) Yesterday on Facebook I learned that libertarian philosopher Tibor Machan died. That caused me to watch two videos: (1) an interview on William F. Buckley Jr.'s show "Firing Line" in which he was questioned by Buckley and Ernest Van Den... (0 COMMENTS)

Don't try to normalize interest rates

(March 25, 2016 09:49 AM, by Scott Sumner) Marcus Nunes has a new post that discusses a recent Wall Street Journal article. Here's the WSJ: The Fed needs to keep raising short-term interest rates to diminish risks to the economy and markets of "excessive accommodation," Mr. Kaplan told... (0 COMMENTS)

So Far

(March 25, 2016 12:13 AM, by Bryan Caplan) This world contains mighty social forces that have worked wonders within the observed range. Top cases:1. Industrialization. So far, industrialization has launched mankind from the ubiquitous poverty of the farmer age to the amazing plenty of the modern age.2. Population... (0 COMMENTS)

Does anything matter? (And what would Pascal do?)

(March 24, 2016 04:34 PM, by Scott Sumner) This will be a highly speculative post, which is aimed at getting you thinking "outside the box", not answering any questions. Scott Alexander has a very nice post pointing out that surveys indicate no increase in Chinese happiness since 1999,... (0 COMMENTS)

Live Below Your Means

(March 24, 2016 01:49 PM, by David Henderson) The secret to getting rich is as powerful as it is unexciting: live below your means. That's it. The bigger the difference between what you earn and what you spend, the sooner you'll find yourself with enough money to do... (2 COMMENTS)

Kudos to Obama

(March 23, 2016 09:58 PM, by David Henderson) Holy Cow! Somehow I got myself so buried in end-of-quarter projects that I didn't bother to read President Obama's speech, televised live on Cuban TV. I now have. He knocked it out of the park. Various people have been saying... (0 COMMENTS)

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