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Fuller on Age of Em

I’d heard that an academic review of Age of Em was forthcoming from the new Journal of Posthuman Studies. And after hearing about Baum’s review, the author Steve Fuller of this second academic review (which won’t be published for a … Continue reading ?

Keynes' flaws

Michael Roberts reminds us of something important – that Keynesian economics has severe shortcomings. I agree. For me, the problem with Keynes was what he didn’t say. He was largely silent about three related issues: class, power and profits, or...

National Income Accounting for Robert Samuelson and Friends

It would be a much better world if the people involved in economic policy debates understood basic economics. Unfortunately, such knowledge is sorely lacking in Washington. Robert Samuelson gave us a great example of accounting ignorance...Show More Summary

Economic resilience: The growth and economic fragility trade-off

41 minutes agoBusiness & Finance / Economics : Vox

Severe recessions have been frequent among OECD countries over the past four decades. This column explores the implications of various broad types of policy to minimise the risk and frequency of such episodes for the trade-off for the growth-fragility nexus. Show More Summary

The Fed’s price stability achievement

42 minutes agoBusiness & Finance / Economics : Vox

US monetary policy has been the target of substantial criticism over the years. This column outlines one key area where the Federal Reserve has done remarkably well – managing price stability.  Its ability to control inflation is a key reason that, for the sake of the US and global economies, the Fed’s independence should be preserved.

Donald Trump's childhood home sold at auction

An investor purchased the Queens, New York, house in December and quickly flipped for a "yuuuge" profit

Wall Street hits six-week low on doubts over Trump's agenda

Monday's slump puts the Dow Jones Industrial Average on track for its longest losing streak since 2011

Investors jittery about prospects for tax cuts, and other MoneyWatch headlines

GOP health plan failure sows doubts about tax overhaul; water becoming increasingly unaffordable; and Dow and DuPont get permission to merge. These headlines and more from CBS MoneyWatch.

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)

Donald Trump Says Obamacare Is Going to “Explode”? Only if He Lights the Fuse.

After the Republican health care bill crashed and burned without so much as a vote on Friday, President Trump told reporters that he saw a silver lining in the defeat. “I've been saying for the last year and a half that the best thing we can do politically speaking is let Obamacare explode,” he said. Show More Summary

Record-Breaking Public Subsidy Lures Hated Football Team to America’s Gambling Capital

Maybe it flies. How else to explain the $1.9 billion that the Oakland Raiders and Clark County, home of Las Vegas, have committed to spend on the new stadium that lured the team to Nevada? This sum was announced last summer, but the details only fell into place this month. Show More Summary

Monday Smackdown: Why Would You Think Niall Ferguson Was a Trustworthy Information Sourc

Sam Bowman: _["Was finding @nfergus's piece today quite interesting, until he cited this figure (which is based on a falsehood)][]_:... [Was finding @nfergus's piece today quite interesting, until he cited this figure (which is based on a falsehood)]: https://twitter.com/s8mb/status/846355869772271621 >>[Ferguson:] This problem isn’t going away. Ask the French. About...

Trump slump? Stocks slide on worries about setbacks

Stock futures and the dollar slipped on Monday after President Trump's failure on healthcare reform

'Bathroom bill' to cost North Carolina $3.76 billion

Losses stem from PayPal and other businesses canceling projects, but the true costs could be higher

Two girls barred from United flight over leggings

"The passengers this morning were United pass riders who were not in compliance with our dress code policy for company benefit travel," United tweeted

Black Knight: House Price Index up 0.1% in January, Up 5.4% year-over-year

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average...Show More Summary

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