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Living the good life near Zion National Park.
Recent Activity
People get buggy about cancer. They get the same way about macroeconomics. It’s bizarre. Check out Harriet Hall’s review of the book entitled This Book Won’t Cure Your Cancer, by Gideon Burrows. Here’s where she’s going: Gideon Burrows has an... Continue reading
Posted 2 days ago at voluntaryXchange
Jason Furman argues that the reason the ACA needed the “cadillac tax” is because compensation was skewed towards providing benefits rather than take home pay.* WTF? He is correct that compensation is skewed. He does not mention that compensation was... Continue reading
Posted 6 days ago at voluntaryXchange
From Cafe Hayek, here is a quote from Buchanan: … Economics is categorically different from its natural science counterparts. We do not learn the principles of political economy in the same way that we learn the principles of physics. Despite... Continue reading
Posted 6 days ago at voluntaryXchange
I have a class which does not match up well with classes at other univerisities. So, I write the text for it. It needed a major revision this year, and I’ve spent the last 7 weeks working on it. I’m... Continue reading
Posted 6 days ago at voluntaryXchange
I found this cool map on Patterico: The blue is actual areas, while the red is the proportion owned by the Feds. What’s cool is that the red isn’t showing the actual properties owned (which is a patchwork) but fraction... Continue reading
Posted Jan 29, 2016 at voluntaryXchange
I love this sort of thing: here’s a map of the lower 48 states by median noise level. I love tracing out the interstates, and identifying which little blogs are which cities. Everyone’s got their odd compulsions, right? The place... Continue reading
Posted Jan 20, 2016 at voluntaryXchange
A few years ago, there was a push in Utah to move from caucus-oriented politics to primary-oriented politics. I can’t speak for everyone, but the people and arguments behind this grass roots (or more likely, astroturf) push seemed awfully doe-eyed... Continue reading
Posted Jan 19, 2016 at voluntaryXchange
I liked David Bowie, but I was not a superfan. I’ve probably read about 10K words in memoriams to him over the last 3 days. And not once have I seen mentioned a role that … tickled me. I thought... Continue reading
Posted Jan 13, 2016 at voluntaryXchange
Via Newmark’s Door. Technorati Tags: steal,scissors Continue reading
Posted Jan 9, 2016 at voluntaryXchange
We all know what cognitive dissonance is: it’s having two thoughts that are in conflict with each other, and feeling uncomfortable about it because you’re starting to recognize there’s a problem. Regarding macroeconomics, a lot of people believe things that... Continue reading
Posted Jan 5, 2016 at voluntaryXchange
This is related to my earlier post that part of what makes macro so hard is the metacognition deficit of policymakers. Related to this is an argument set forth by Ram (there’s a primer below the quote): I'd contend that... Continue reading
Posted Jan 5, 2016 at voluntaryXchange
And Arabs aren't non-white either ... When I directed the Ph.D. program at the University of New Orleans back in the late 90's, I ran afoul of the diversity czars. I argued that Arabic speaking applicants (mostly Jordanians at that school) deserved some preferences reserved for minorities. This went nowhere, and Arabic speakers and/or Jordanians are still a minority. Just not a favored one.
Toggle Commented Jan 4, 2016 on "How the Asians became white" at Newmark's Door
1 reply
Michael J. Lewis: It seems absurd to predict that the novel itself might one day become extinct, and yet Orwell was right to connect its heyday to the “Protestant centuries.” From Defoe and Fielding to Austen and Dickens, the stuff... Continue reading
Posted Jan 2, 2016 at voluntaryXchange
There’s a new acronym to watch: “FANG” [Facebook, Amazon, Netflix, Google] From csen, via Marginal Revolution. Technorati Tags: FANG,Facebook,Amazon,Netflix,Google Continue reading
Posted Dec 29, 2015 at voluntaryXchange
Mitch Hedberg: To an economist, the joke is a lot broader than the tagline … and far more relevant than most people guess. Via Visual News. Technorati Tags: mitch,hedberg,duck,incentives Continue reading
Posted Dec 28, 2015 at voluntaryXchange
Via Tyler Cowen, the first one is a truly excellent joke … I almost think I started laughing before I got to the end of the line: It’s hard to explain puns to kleptomaniacs because they always take things literally.... Continue reading
Posted Dec 28, 2015 at voluntaryXchange
Doug Elmendorf is an economist who’s served in a ton of different positions in D.C., most recently as director of the Congressional Budget Office. They’re the ones that evaluate laws prior to passage and try to tell Congress how much money they’ll cost or save. Elmendorf is a Democrat who’s... Continue reading
Posted Dec 27, 2015 at Tufte's Curated Economics Videos
Check out this word cloud: These are the words, from the titles of Wikipedia articles, in 10 different languages, where edits are most likely to be reverted. The way that Wikipedia works is that anyone, within reason, can edit any... Continue reading
Posted Dec 27, 2015 at voluntaryXchange
You know the theme … weary group of survivors has to struggle to rebuild modern society. No doubt, written by an author or screenwriter who probably has never rebuilt … anything. Well, meet (the late) Dave Gingery. His classic 6-book... Continue reading
Posted Dec 26, 2015 at voluntaryXchange
“This Won't Hurt a Bit” is episode 23 of We the Economy. This is another solid video in the series. It tries to explain how American healthcare got to be the way that it is. There are a lot of things that are screwed up about how America finances healthcare,... Continue reading
Posted Dec 26, 2015 at Tufte's Curated Economics Videos
Activists use shareholder meetings to propose … hmmm … unusual ideas for how corporations should behave. Anyone who holds $2K worth of stock can go to an annual shareholders meeting, and propose just about anything they like. So if an... Continue reading
Posted Dec 24, 2015 at voluntaryXchange
“The Value of Work” is episode 22 of We the Economy. I think this video is sort of mistitled. It isn’t mostly about value and work. Instead it’s mostly about wages: is the minimum wage high enough; or should we have a higher “living wage”; or would people earning a... Continue reading
Posted Dec 24, 2015 at Tufte's Curated Economics Videos
“Monkey Business” is episode 21 of We the Economy. This video presents a debate between economists about the degree and relevance of income inequality. I think this is a good-hearted video with some omissions and biases. I’m a little bothered that they brought in three economists, mostly because I regard... Continue reading
Posted Dec 23, 2015 at Tufte's Curated Economics Videos
I like to write things sometimes, and then shelve them to check their relevance. I wrote this in 2011. Marginal Revolution quoting The Financial Times: Indeed, the basic functions of organised crime – protection rackets, narcotics, extortion and prostitution, have... Continue reading
Posted Dec 23, 2015 at voluntaryXchange
“The Unbelievably Sweet Alpacas” is episode 20 of We the Economy. Wow. Just … wow. A rehash of feudalism and (ancient, not even contemporary) Marxism presented as an explanation for current conditions, supported with cherry-picked factoids, all wrapped up as a saccharine children’s cartoon that doesn’t see fit to mention... Continue reading
Posted Dec 22, 2015 at Tufte's Curated Economics Videos