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I have "delusions of adequacy."
Interests: economics, policy, theatre, music, hiking, geocaching
Recent Activity
When I first met the late great Canadian economist, Harry Johnson, he was at a party, railing about how Canada's New Democratic Party (NDP) were opposed to moving toward free trade. He said something like, How can a party that SAYS it supports the little guy promote policies that do little more than protect small inefficient businesses in Ontario and... Continue reading
Posted 9 hours ago at EclectEcon
According to the calendar that pops up on my computer, today is World Ostomy Day. My best friend, Ms Eclectic, is a cancer survivor and has had an ostomy for over 25 years. I gather Marvin Bush (brother of Jeb and George W) has an ostomy, as does former San Diego Charger place kicker, Rolf Benirschke. For lists of other... Continue reading
Posted 16 hours ago at EclectEcon
I refuse to support mediocrity and failure in professional sports. I sneer that some people actually think it is somehow desirable to be a "die-hard fan" and spend good money supporting teams that don't win.* But now that the Trono Blue Jays have started winning so much, I've jumped on the bandwagon. Sure, we watch games (and even visit Rogers... Continue reading
Posted 2 days ago at EclectEcon
In early August, when Ms Eclectic and I visited the Rogers Centre and watched the Trono Blue Jays defeat the Minnesota Twins, we were delighted that the Blue Jays were finally vying for a play-off spot, albeit the last of two wildcard positions. Now look where they are: Leading the AL East Division and likely to clinch that spot today.... Continue reading
Posted 3 days ago at EclectEcon
From David Hirsh at Engage, Labour leaders usually address both Labour Friends of Palestine and Labour Friends of Israel (LFI) fringe meetings at Conference. Corbyn had a particular job to do at LFI: he needed to reassure the Jewish community and antiracists that he understands what it is about his record that is so concerning: He has presented a show... Continue reading
Posted 3 days ago at EclectEcon
Everyone in SW Ontario (and maybe Canada) is touting Josh Donaldson, 3B for the Trono BJs, for AL MVP. I love watching him play, and he is clearly a very strong contender. But Mike Trout, CF for the California Angels, has been very good, too. Here is a comparison of the stats (as of Monday evening) that might be relevant:... Continue reading
Posted 5 days ago at EclectEcon
Yup I agree with them both. Justin Trudeau called David Suzuki's views "sanctimonious crap" Suzuki called Trudeau "a twerp" Right on both counts! From Maclean's, During a testy phone call, Justin Trudeau dismissed David Suzuki’s views on the Liberal climate change policy as “sanctimonious crap,” according to Suzuki. Suzuki revealed the contents of the conversation during an interview on SiriusXM’sEverything... Continue reading
Posted 7 days ago at EclectEcon
My former student David Henderson posted about what he loves about teaching economics. It is a beautiful posting. It captures so much about what I loved when I was teaching. Another excerpt [from a posting by Steven Landsburg about Dierdre McClosky]: Rising food prices or rising oil prices can't explain inflation, at least not by the mechanisms most people imagine.... Continue reading
Posted 7 days ago at EclectEcon
From every article I have read, it seems pretty clear that Volkswagon cheated by installing devices that would detect when their cars were being test for emissions by the EPA. But here's a puzzle: This cheating was detected nearly a year and a half ago! [see this] Carder said he's surprised to see such a hullabaloo now, because his team's... Continue reading
Posted Sep 25, 2015 at EclectEcon
At this time tomorrow, I will be on my way from London, Ontario, to Muskegon, Michigan, the town where I was born and raised. Every fall, for the high school homecoming football game, all the alumni of the high school marching band are invited back to join the current marching band to participate in the pre-game and half-time festivities. Someone... Continue reading
Posted Sep 24, 2015 at EclectEcon
A couple of days ago, I received this email: Hello, I'm Melissa How are you ? I'll like to know your free available date in October for my family reunion (5 hours photo coverage). Also i want family portraits done for the all the families coming together for the reunion. Do you accept credit card payment ? I got you... Continue reading
Posted Sep 23, 2015 at EclectEcon
Regular long-time readers of EclectEcon know that I was introduced to taking afternoon tea at posh establishments about eight or so years ago. My latest review/report, with links to all my earlier posts on the topic can be found here. Unfortunately, practically NO ONE in North America understands what a proper afternoon tea is or should be (there are some... Continue reading
Posted Sep 22, 2015 at EclectEcon
I recently received an email with a series of photos of people in obscure tribes. The photos are well-done and intriguing. But the introduction bothered me: Photographer Jimmy Nelson set out on a journey to the remote homelands of ancient, isolated civilizations. "My dream had always been to preserve our world's tribes through my photography. Not to stop change from... Continue reading
Posted Sep 21, 2015 at EclectEcon
Judeo-Christian traditions have not always been above reproach. But we have made serious progress in comparison with some other cultures. It is reprehensible that some cultures tolerate or even encourage things like this. Rampant sexual abuse of children has long been a problem in Afghanistan,particularly among armed commanders who dominate much of the rural landscape and can bully the population.... Continue reading
Posted Sep 21, 2015 at EclectEcon
Ever since Scott Sumner began blogging, I have been enjoying his posts. They are rich and careful, and they have probably had a big impact on the thinking of many policy-makers. I hope so. His recent post at Econlog is a four-point comparison of Keynesian macro policy with what has come to be known as Market Monetarism. He begins with... Continue reading
Posted Sep 20, 2015 at EclectEcon
I just saw this. It is spot on. An excerpt: Banks are lending the Fed about $3 trillion worth of reserves, reserves the banks could go out and lend elsewhere if the market were producing great opportunities. Spreads of other rates over the rates banks lend to or borrow from the Fed are very low, not very high. Deposits are... Continue reading
Posted Sep 19, 2015 at EclectEcon
I was shopping for some placebos on Amazon yesterday and saw this: 3 x $28 = $84, doesn't it? I didn't see any comment that shipping would be included if I bought three bottles. I was amused. Continue reading
Posted Sep 19, 2015 at EclectEcon
Another from the Daily Alert: Reykjavik, Iceland, Votes to Boycott Goods from Israel - Paul Fontaine Reykjavik City Hall voted on Tuesday to ban the purchase of products from Israel. Kjartan Magnusson, an opposition councilperson, accused the ruling coalition of hypocrisy, pointing out that China still occupies Tibet, yet Mayor Dagur B. Eggertsson has accepted trips to China at the... Continue reading
Posted Sep 17, 2015 at EclectEcon
Gazans have been experiencing significant power cuts and outages. Here are two pieces via Daily Alert about the cuts: Gazans Protest Power Cuts - Majd Al Waheidi For three days, hundreds of Palestinians have demonstrated in central and southern Gaza over increasing power cuts which have left them with four to six hours of power a day. The latest shortages... Continue reading
Posted Sep 17, 2015 at EclectEcon
I spent too much time in my introductory economics classes trying to cover too many topics. Here is a good example. I covered this topic in all my classes. I wish I had gone through it more, repeatedly, and made sure every student understood it well enough that they could explain it to their parents. From Scott Sumner: One of... Continue reading
Posted Sep 16, 2015 at EclectEcon
Robert Samuelson's column in the Washington Post does a nice job of summarizing why and how small interest groups acquire political power. Here’s an example: A company and its workers lobby for import protection, which saves jobs and raises prices and profits. But consumers — who pay the higher prices — don’t create a counter-lobby, because it’s too much trouble... Continue reading
Posted Sep 15, 2015 at EclectEcon
Milk prices are plummeting in Europe. There are two big reasons: Demand is dropping due to Russian embargoes and there has been a drop in the demand from China. Supply restrictions and quotas have been lifted, leading to an increase in the supply. Europe's dairy farmers were already reeling from the food embargo imposed by Moscow last year in retaliation... Continue reading
Posted Sep 14, 2015 at EclectEcon
For a good time, listen to radio AM980 from London at 1pm today. Here is the link to their netcast. In one corner we have David Suzuki, arrogant non-scientist elitist interventionist who wants to control our lives and who proclaims gloom and doom while living high off the taxpayer hog and preaching about consumerism. He was in town to take... Continue reading
Posted Sep 14, 2015 at EclectEcon
What is it with those NY cops? Check this out. The headline says she is black. The NYPD is facing a lawsuit from a woman who claims she was mistakenly put into a mental hospital, simply because police didn't believe she owned her own BMW. Kamilah Brock, a 32-year-old banker from Long Island, was pulled over in Harlem for allegedly... Continue reading
Posted Sep 13, 2015 at EclectEcon