George A. Selgin, The Theory of Free Banking: Money Supply under Competitive Note Issue
Posted: August 31, 2010 Filed under: Federal Reserve, Free Banking Leave a comment »http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=2307&Itemid=27
Johan Norberg : Globalisation is Good (Part 1/4)
Posted: August 31, 2010 Filed under: Free Trade, Globalization Leave a comment »http://www.youtube.com/watch?v=pp7g9mT8s7Y
What is Washington’s spending costing you?
Posted: August 31, 2010 Filed under: Government Leave a comment »Powell on Sweatshops and Martin at AidWatch
Posted: August 31, 2010 Filed under: Sweatshops, Uncategorized Leave a comment »Sent to you via Google Reader
Powell on Sweatshops and Martin at AidWatch
Ben Powellhas an excellent guestpostover at AidWatch on sweatshops and development. See Ben’spaperwithDavid Skarbekfor more on this topic (also see thispaperby Ben).
Also,Adam Martinis the guest editor of AidWatch while Bill Easterly and Laura Freschi are on a brief vacation. Adam’sfirstpost as guest editor is here. Be sure to check AidWatch for more.
Daniel J. SmithSent Via Mobile Phone
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The Challenge of Global Health
Posted: August 30, 2010 Filed under: Development Economics, Health, Uncategorized Leave a comment »http://www.lauriegarrett.com/blog/media/1/20070112-garrett.pdf
HT: Mark Bonica
Africans do not want or need Britain’s development aid
Posted: August 29, 2010 Filed under: Foreign Aid Leave a comment »http://aidwatchers.com/2010/08/africans-do-not-want-or-need-britains-development-aid/
Jobless Recovery: Or Why Macroeconomics is Bad For the Brain
Posted: August 27, 2010 Filed under: Macroeconomics Leave a comment »Westerners vs. the World: We are the WEIRD ones Read more: http://www.nationalpost.com/Westerners+World+weird+ones/3427126/story.html#ixzz0xoy35eaH
Posted: August 27, 2010 Filed under: Behavioral Economics, Greed Leave a comment »http://www.nationalpost.com/Westerners+World+weird+ones/3427126/story.html
Our internal foreign aid program
Posted: August 26, 2010 Filed under: Foreign Aid, Stimulus, Uncategorized Leave a comment »Sent to you via Google Reader
Our internal foreign aid program
The US Recovery Act (aka “stimulus package”) has put out this great map of where the money is being spent by Congressional District.
ROBERT HIGGS: Regime Uncertainty: Are Interest-Rate Movements Consistent with the Hypothesis?
Posted: August 24, 2010 Filed under: Regime Uncertainity, Uncategorized Leave a comment »Sent to you via Google Reader
ROBERT HIGGS: Regime Uncertainty: Are Interest-Rate Movements Consistent with the Hypothesis?
USAID and NGO transparency: When in doubt, hide the data
Posted: August 24, 2010 Filed under: Foreign Aid Leave a comment »http://aidwatchers.com/2010/08/usaid-and-ngo-transparency-when-in-doubt-hide-the-data/
Superstition and Development
Posted: August 23, 2010 Filed under: Development Economics, Endogenous Rules, Uncategorized Leave a comment »Sent to you via Google Reader
Superstition and Development
The Capital Structure Decisions of New Firms — by Alicia M. Robb, David T. Robinson
Posted: August 23, 2010 Filed under: Businesses and Startups, Uncategorized Leave a comment »Sent to you via Google Reader
The Capital Structure Decisions of New Firms — by Alicia M. Robb, David T. Robinson
This paper investigates the capital structure choices that firms make in their initial year of operation, using restricted-access data from the Kauffman Firm Survey. Contrary to many accounts of startup activity, the firms in our data rely heavily on external debt sources such as bank financing, and less extensively on friends and family-based funding sources. This fact is robust to numerous controls for credit quality, industry, and business owner characteristics. The heavy reliance on external debt underscores the importance of well functioning credit markets for the success of nascent business activity.
Daniel J. SmithSent Via Mobile Phone
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No Copyright Law: The Real Reason for Germany’s Industrial Expansion? – SPIEGEL ONLINE – News – International
Posted: August 21, 2010 Filed under: Intellectual Property, Uncategorized Leave a comment »http://www.spiegel.de/international/zeitgeist/0,1518,710976,00.html
Daniel J. Smith
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K ALDOR-HICKS EFFICIENCY AND THE PROBLEM OF CENTRAL PLANNING
Posted: August 20, 2010 Filed under: Cost-Benefit Analysis, Welfare Leave a comment »http://mises.org/journals/qjae/pdf/qjae4_2_3.pdf
Obama bans over 100,000 rifles
Posted: August 18, 2010 Filed under: Firearms, Uncategorized 1 Comment »Sent to you via Google Reader
Obama bans over 100,000 rifles
I got your uncertainty right here!
Posted: August 16, 2010 Filed under: Regime Uncertainity, Uncategorized Leave a comment »Sent to you via Google Reader
I got your uncertainty right here!
The economics of free parking
Posted: August 15, 2010 Filed under: Private Roads, Uncategorized Leave a comment »Sent to you via Google Reader
The economics of free parking
Prosperity is the friend of wildlife | The Rational Optimist…
Posted: August 14, 2010 Filed under: Environment, Greed, Uncategorized Leave a comment »http://www.rationaloptimist.com/blog/prosperity-friend-wildlife
Daniel J. Smith
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Debate: Government Needs to Divorce the Marriage Business
Posted: August 14, 2010 Filed under: Gay Marriage, Marriage, Uncategorized 1 Comment »Daniel J. Smith
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The Wages of the Sexes
Posted: August 13, 2010 Filed under: Discrimination, Uncategorized Leave a comment »Sent to you via Google Reader
The Wages of the Sexes
Why is promising a right to food more politically appealing than delivering that food?
Posted: August 12, 2010 Filed under: Development Economics, Human Rights, Poverty, Uncategorized Leave a comment »Sent to you via Google Reader
Why is promising a right to food more politically appealing than delivering that food?
Marginal Revolution: Spontaneous order on the road
Posted: August 11, 2010 Filed under: Private Roads, Spontaneous Order, Uncategorized Leave a comment »http://www.marginalrevolution.com/marginalrevolution/2010/08/spontaneous-order-on-the-road.html
Daniel J. Smith
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What are Universities For? | Standpoint
Posted: August 10, 2010 Filed under: Education, Uncategorized Leave a comment »Daniel J. Smith
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How Health Care Innovation Works
Posted: August 10, 2010 Filed under: Health Care, Innovation, Uncategorized Leave a comment »Sent to you via Google Reader
How Health Care Innovation Works
Why the Stimulus Money Isn’t Working
Posted: August 9, 2010 Filed under: Stimulus, Uncategorized Leave a comment »Sent to you via Google Reader
Why the Stimulus Money Isn’t Working
Here are the worst headlines I’ve read today:
- “BP Getting Stimulus Funds”
- “States With Most Joblessness Getting Less Stimulus Funds”
- “Reid’s Failed Stimulus Provides Monkeys With Cocaine”
- “Horror Stories Added to Stimulus Coverage”
Senator Tom Coburn and John McCain have compiled a list of 100 especially wasteful examples of stimulus spending. Examples below the fold.
- $554,763 to replace windows in visitor center that was closed indefinitely three years ago.
- $762,372 for a software program for interactive dance performances with real-time audiences.
- $677,462 to study why monkeys respond negatively to inequity and unfairness.
- $1.9 million to send researchers to the Southwest Indian Ocean Islands and east Africa to capture, photograph and analyze thousands of exotic ants.
- $62 million for a connector to Pittsburgh professional sports stadiums, although Pennsylvania Governor Ed Rendell called the connector “a tragic mistake.”
- $7.3 million for two Texas fire stations that have become so mired in red tape it is not clear when they will be built.
- $1.2 million for an abandoned train station converted into a museum in Glassboro, New Jersey.
- $357,710 for an old abandoned iron furnace for a facelift after money was squandered on the same project years before.
- $308 million for power plant construction that won’t start for a least two years.
- $89,298 to replace a sidewalk that was replaced only five years ago and that leads to a ditch.
Daniel J. SmithSent Via Mobile Phone
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Krugman Phones One In
Posted: August 9, 2010 Filed under: Uncategorized Leave a comment »Sent to you via Google Reader
Krugman Phones One In
The Impact of Child Care Subsidies on Child Well-Being: Evidence from Geographic Variation in the Distance to Social Service Agencies — by Chris M. Herbst, Erdal Tekin
Posted: August 9, 2010 Filed under: Uncategorized, Welfare Leave a comment »Sent to you via Google Reader
The Impact of Child Care Subsidies on Child Well-Being: Evidence from Geographic Variation in the Distance to Social Service Agencies — by Chris M. Herbst, Erdal Tekin
In recent years, child care subsidies have become an integral part of federal and state efforts to move economically disadvantaged parents from welfare to work. Although previous empirical studies consistently show that these employment-related subsidies raise work levels among this group, little is known about the impact of subsidy receipt on child well-being. In this paper, we identify the causal effect of child care subsidies on child development by exploiting geographic variation in the distance that families must travel from home in order to reach the nearest social service agency that administers the subsidy application process. Using data from the Kindergarten cohort of the Early Childhood Longitudinal Study, our instrumental variables estimates suggest that children receiving subsidized care in the year before kindergarten score lower on tests of cognitive ability and reveal more behavior problems throughout kindergarten. However, these negative effects largely disappear by the time children reach the end of third grade. Our results point to an unintended consequence of a child care subsidy regime that conditions eligibility on parental employment and deemphasizes child care quality.
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