Writing With Blinders On

October 28, 2014

I am astonished that James Sherk can write about reduced labor demand without mentioning either automation or offshoring or increased labor supply without mentioning immigration. How in the heck can you write about wage stagnation without mentioning most of the factors contributing to wage stagnation?

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And Then It’s On to 2016

October 27, 2014

The general election will be held one week from tomorrow and much of the suspense will be over, except in the run-off states. Although I have been predicting that Democrats will hold the Senate for the better part of the last year, I now doubt that will be the outcome. It’s not just the Republicans’ […]

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Your Regulatory Capture Story of the Day

October 26, 2014

“Regulatory capture” is the process by which regulatory agencies come to be dominated by the industries they’re supposed to be regulating. Examples of regulatory capture include the Federal Reserve, the SEC, and the FCC. One of today’s big news stories revolves around regulatory capture by the automobile industry of the National Highway Traffic Safety Administration, […]

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Debate Question

October 26, 2014

Here’s an interesting debate question. Resolved: the greatest likelihood of nuclear war is in Asia. Consider that in the context of this observation: Military competition between China and the United States will not be the only struggle in Asia. China and India observe each other warily across the Himalayas and in the Indian Ocean. China […]

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The Choice

October 26, 2014

In his Chicago Tribune column Steve Chapman does a pretty fair job of sketching Illinois’s problems: Illinois has the worst public pension debt in the country. Its bonds have been downgraded so far that it faces the highest borrowing cost of any state. The nonpartisan Civic Federation says the state’s huge backlog of unpaid bills […]

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The Emphasis

October 26, 2014

This little sound bite illustrates one of the biggest problems I have with the idea of Hillary Clinton as president: At a Democratic rally in Massachusetts, Hillary Clinton’s attempt to attack “trickle-down economics,” resulted in a spectacularly odd statement. Clinton defended raising the minimum wage saying “Don’t let anybody tell you that raising the minimum […]

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The Council Has Spoken!

October 26, 2014

The Watcher’s Council has announced its winners for last week. Council Winners *First place with 2 2/3 votes!-The Razor – Kick Turkey Out Of NATO Second place with 2 votes – The Right Planet – The Strange Silence of Karl Rove Third place *t* with 1 1/3 votes –Bookworm Room – In Idaho, gay marriage […]

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Drawing the Wrong Conclusion

October 25, 2014

I usually have no interest in Tea Party stories but the comments section in this OTB post on the dismissal of a case brought by Tea Party-related groups against the IRS has gone so far off the rails that I think it deserves some note. The case wasn’t dismissed because the IRS was exonerated or […]

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The Coalition of the Panic-Stricken

October 25, 2014

I think it’s high time we began a list of Americans who are panic-stricken about Ebola. Here’s a start: Andrew Cuomo Chris Christie (ibid.) Connecticut Department of Health Georgia’s DeKalb County School District Maryland’s Montgomery County Public Schools (ibid.) New York City Department of Health (ibid.) Nominations for new candidates gratefully accepted.

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Another Second Derivative Effect?

October 25, 2014

The way I would define “deflation” is as a general decline in prices, an increase in the real value of money. A recent article at Business Insider warns of the dangers posed by deflation: The risk of outright deflation in Europe with inflation at such low levels, and the danger of similar developments in the […]

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