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Egoism, Libertarianism, Persuasion, and Worthy Arguments

(May 22, 2013 11:21 AM, by Bryan Caplan) Vipul Naik drew my attention to Brian's comment on my last immigration post:If you are a good libertarian, you will care only about your own freedom and well being. The freedom of others is only of concern to the extent... (0 COMMENTS)

Secondary Sources: Euro Crisis, Jobs Flow, Food Stamps

A roundup of economic news from around the Web.

Take Inventory of Your Stuff Before Storm Strikes

Dramatic scenes of tornado-wrought devastation and wrecked properties in Oklahoma this week are another potent reminder to renters and homeowners all across the country to take an inventory of everything they own before a storm hits. It can make a big difference if your household...

Existing Home Sales in April: 4.97 million SAAR, 5.2 months of supply

NOTE: Federal Reserve Chairman Ben Bernanke testimony Testimony by Chairman Bernanke on the economic outlook The NAR reports: April Existing-Home Sales Up but Constrained Total existing-home sales, which are completed transactions that...Show More Summary

Tocqueville's Tweeters

(May 22, 2013 12:21 PM, by David Henderson) Private Sector, 1: FEMA, 0 Social media is [sic] often recognized narrowly as a way to connect with friends, or to share and read the news. Yesterday it was demonstrated that social media can serve as a medium of mobilization... (0 COMMENTS)

Something for everybody in the IMF

If diplomacy is the art of not causing offence, the IMF's annual Article IV assessment of the UK economy is a master-class in diplomacy. It allows the government to say it is already doing the things the IMF recommends and...

Four Reasons Housing Recovery Isn’t Yet Boosting Economy

The housing market may finally be leaning on the economy’s gas pedal—but it’s also keeping a foot on the brake.

What really keeps the Fed up at night

“Fed’s Frankenstein"

Superstars' baleful effects

Do we over-rate the importance of individual talents to organizational performance? I ask because of this finding by Sander Hoogendoorn: Team performance exhibits an inverse u-shaped relationship with ability dispersion. This comes from a study of MBA students' collaborations on...

Live Blog: Fed Chairman Bernanke Faces Lawmakers

Fed Chairman Bernanke goes before Congress's Joint Economic Committee Wednesday where he'll discuss the recovery's progress and his economic outlook.

Guest Contribution: Central Banking in Verse

Global central banking has become more complicated than ever. Jessica Einhorn, resident at The Rock Creek Group in Washington and former dean of Johns Hopkins University's Paul H. Nitze School of Advanced International Studies, uses poetry to break down the situation.

Vital Signs Chart: Public School Spending Stalls

Spending per student on public elementary-school and secondary-school systems fell 0.4% to $10,560, after rising steadily for years.

DealBook Question Already Answered on Amazon.com

Another day, another “Is Warren Buffett is Irreplaceable?” article. Today ’s version, however, carries the imprimatur of the New York Times’ “DealBook” column, and it’s written by a professor to boot. The gist of the professor ’s case appears right in the first two paragraphs, as follows: Acquisitions usually come with a nice premium for the seller. Show More Summary

LPS: Mortgage Delinquency Rate falls below 6.5% in April, Lowest since July 2008

According to the First Look report for April to be released today by Lender Processing Services (LPS), the percent of loans delinquent decreased in April compared to March, and declined about 10% year-over-year. Also the percent of loans...Show More Summary

No Summer Slowdown for GM, Ford and Chrysler

Morning Business Memo… Thousands of US auto workers may have to cancel their vacation plans. Growing consumer demand for cars and trucks has the industry changing its usual summer vacation schedule. Ford says the traditional two-week summer break is being cut to a single week....

Links 5/22/03

Brad DeLong (Summer 2010): It Is Far too Soon to End Expansion: Wednesday Hoisted from Three Years Ago

Brad DeLong: It is far too soon to end expansion: It was in 1829 that John Stuart Mill made the key intellectual leap in figuring out how to fight what he called “general gluts”: he saw that what had happened was an enormous excess demand...Show More Summary

Exchequer Chancellor Osborne Braced for IMF Verdict

An Article IV consultation for a reserve-currency sovereign that might actually matter: Rachel Cooper: >Osborne braced for IMF verdict on UK economy: George Osborne is braced for the International Monetary Fund's verdict on Britain's economic prospects amid speculation it will urge him to change course. Show More Summary

Abenomics in Review: Yen, Inflation, Exports, Imports

With the Yen collapsing vs. all other currencies, inquiring minds may be wondering how prime minister Shinzo Abe's inflation policy is working out in practice. Let's start with a look at the Yen. Yen Daily Chart for One Year In the last year, the Yen has fallen from 124.79 to 97.56. Show More Summary

It never rains…

Britain faces IMF judgment on its policy mix.