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At breakfast this morning, I mentioned to my Dad that George W. Bush is going to start a free-market think tank. His response: "what are they going to call it? The Richard M. Nixon Economic Freedom Initiative?"...
Stocks
American Greetings
Is it separating consumers by marginal value/willingness to pay or by risk preference? Here's an article from this morning's Memphis Commercial Appeal. A choice quote: "My face was on fire the half hour I had to wait in line for the electronics counter, and there were several other customers who ...
Other
Yesterday's WSJ ran an article listing 10 teams that supposed achieved the "least with the most," as determined by having the lowest winning percentage over the past decade among teams averaging at least two players per year drafted by the NFL. The list includes PAC 10 teams Arizona (21 drafted ...
Government
SEC
A few weeks ago, a friend posted a link to a story about how the NAACP is pressuring President Obama about African-American unemployment. Sadly and tragically, "repeal the minimum wage" is not one of their proposals even though the evidence suggests that it reduces employment and increases ...
Government
divisionoflabour.com - 3 days ago
—
divisionoflabour.com —
My econ 101 students have to write a
review of Russ Roberts's The Price of Everything this...
semester. Some questions corresponding to each chapter are below the fold. Comments are open for a few days if you have any suggestions; if you like any of ...
(more)
Questions on The Price of Everything
Comments
vote down
Cafe Hayek
found this 3 days agofound this
Per Noel's post on whether there could be a market in which he could short Geithner's tenure as Secretary of the Treasury, lucky for him (Noel) the good folks at Intrade have already set up such a market. See the trend here - it looks like the worst for him (Geithner), odds wise, was back in ...
Government
Timothy Geithner
Treasury Bills
The Nov. 25, 1909 NYT reports on the cost of a generic Thanksgiving day dinner and points out that the price of said meal had increased from a price of $1.95 in 1899 to the price of $4.25 in 1909 ($103 in 2008 dollars), an annualized rate of inflation of 7.8%. {sarcasm} This was clearly an ...
Stocks
There are some problems that seem to persist no matter how much money, time, or other resources are thrown at them. This suggests that either the problems are systemic and cannot be resolved or we haven't thrown enough money, time, and other resources at the problem. However, I find the latter ...
Stocks
The New York Times Company
Andrew McG responds to my Random Observations . He was heading not entirely down my path, but he makes a good point that's worth repeating. Andrew references the Monty Hall problem . Your paper will include a calculation of significance. This is essentially an estimate of the probability that a ...
Government
Andrew Cuomo
(Sorry-no umlaut) A friend and colleague pointed this out to me: Basis in futures =futures price-spot price....normally for the stock index contracts (S&P; 500, DJIA, etc.) this is positive because people are expecting price increases. [Monday] and [Tuesday] if you look at the price quotes on ...
Stocks
S&P 500
... that is creating "organ donor bikes": The Green Bikes have survived their first semester, but not without repairs that have caused sponsors to question whether the program will be continued in the future. Karen DeBonis, a member of GreenUR, said the success of the program depended on the ...
Other
University of Cambridge
The most interesting session I attended at the Southern Economic Assn. meetings over the (weekend + Monday) was on nominal income targeting as the least-bad monetary policy rule for a fiat money regime. Now comes word that a short monograph on the topic, one I've been recommending to people for ...
Other
From the Nov. 21, 1909 NYT (I know, this is a couple of days old): Pot luck is too often potted luck. The only people who really seem to enjoy living close to nature are those who don't have to. If all the luxuries should be taxed, why not a tax on bachelors? The trouble about hitching your ...
Stocks
The New York Times Company
1. Suppose I run a regression out of curiosity, just to see what I find. 2. The results puzzle me mightily. 3. I get an idea, and tinker some more, pretty much confirming the idea. 4. Now I write it up. Here's where it gets interesting. A. I write up my explanation as if I was never confused and ...
Other
The two term governor of New Mexico (1995-2002) appears to be taking the early steps in a long-shot presidential bid. As governor, Johnson set a record for most bills vetoed, and earned a reputation as the most libertarian governor in the country. A Johnson campaign would focus on runaway ...
Government
Simon Johnson
George Bush
A short list of the headlines on CNN.com that appear (11:24pm central time, 11/20/09) before stories about the Senate's health care reform bill being voted on tomorrow: 1) Fans mourn end of 'Oprah' show 2) Arrests in human fat ring in Peru 3) Bishops slam Obama bill Here's betting there is more ...
Other
1. The last week has been consumed by a burst of travel, exam grading, and other stuff (I now have a decent website in progress). On Monday, I debated the merits and demerits of Walmart with Stephan Goetz at Wake Forest. A good time was had by all, the questions were fantastic, and we didn't ...
Government
TARP
Is reading J. M. Buchanan productivity, fake productivity, consumption, or penance?...
Stocks
American Greetings
Bye-bye Bally's, Ciao Ceasar's. By email from Jeff Clark: TO: Members and Friends of APEE FROM: J.R. Clark, Secretary/Treasurer DATE: November 19, 2009 RE: 2010 Conference Location Change; Room rate remains $149 The 2010 Conference has been MOVED from Bally's Las Vegas to Caesars Palace, Las ...
Other
Arnold Kling writes briefly about Edward Kane's theory of dynamic regulation, which is a useful framework for understanding all sorts of regulatory institutional arrangements. Arnold quotes a great passage from Kane: Regulation is best understood as a dynamic game of action and response, in ...
