Top 3 Myths About Immigration

http://www.youtube.com/watch?v=NtRmS7q9DlM


Prisoners’ Dilemma

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Prisoners’ Dilemma

 


Koch brouhaha–My take

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Koch brouhaha–My take

 


A major is not minor: How what you study affects what you earn

 

 

 

“But what about the arts? Would we produce a Shakespeare or a Rev. Martin Luther King if we allotted education to students by earning power?”  Yes, actually. See Tyler Cowen’s Arts in a Market Economy: http://www.thefreemanonline.org/featured/the-arts-in-a-free-market-economy/

http://blogs.ajc.com/get-schooled-blog/2011/05/29/dont-let-your-babies-be-cowboys-or-counselors-how-what-you-study-affects-what-you-earn/?cxntfid=blogs_get_schooled_blog

 

 

 


What fueled recent drop in gas prices? – The Boston Globe

http://www.boston.com/business/articles/2011/05/29/what_fueled_recent_drop_in_gas_prices/

Daniel J. Smith
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Oloffson Weaver Fellow of Political Economy
Department of Economics
George Mason University
Email: smith.dan.j@gmail.com
Website: http://www.danieljosephsmith.com


Pledge of Allegiance

http://www.youtube.com/watch?v=Q2BfqDUPL1I&feature=player_embedded


Book review: Stanford economist debunks in ‘Economic Facts’ | Deseret News

http://www.deseretnews.com/mobile/article/705373489/Book-review-Stanford-economist-debunks-in-Economic-Facts.html

 


Questions for Minimum Wage Supporters, Bryan Caplan | EconLog | Library of Economics and Liberty

http://econlog.econlib.org/archives/2011/05/questions_for_m.html

http://econlog.econlib.org/archives/2011/05/minimum_wage_an_1.html


The Poor Don’t Revolt

http://www.overcomingbias.com/2011/05/the-poor-dont-revolt.html


An African Success: In Namibia, The People and Wildlife Coexist

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An African Success: In Namibia, The People and Wildlife Coexist

 


Where does good come from?

http://www.boston.com/bostonglobe/ideas/articles/2011/04/17/where_does_good_come_from/?page=full


FDA: Feed the Dim Administrators

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FDA: Feed the Dim Administrators


Man-made Global warming Scientists object to Freedom of Information Laws

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Man-made Global warming Scientists object to Freedom of Information Laws


Stop the Bad Guys | The Freeman | Ideas On Liberty

http://www.thefreemanonline.org/columns/thoughts-on-freedom/stop-the-bad-guys/


USDA Fines Family $90,000 For Selling Pet Rabbits

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USDA Fines Family $90,000 For Selling Pet Rabbits


In Defense of the Koch Brothers and Academic Freedom

http://thinkmarkets.wordpress.com/2011/05/25/in-defense-of-the-koch-brothers-and-academic-freedom/


Jobs Kill, BIG Time

http://www.overcomingbias.com/2011/05/jobs-kill-big-time.html


Redistribute your GPA?

http://wherelibertyis.blogspot.com/2011/05/redistribute-your-gpa.html


Salt, Fish Oil, and the Implications of Optimization

http://daviddfriedman.blogspot.com/2011/05/salt-fish-oil-and-implications-of.html


ECONOMICS, NOT PHYSICS

http://www.fee.org/from-the-archives/economics-not-physics/


Americans will devote 2 hours and 13 minutes of every eight-hour workday, or over a quarter of their working hours (27.7%), to paying taxes

http://www.taxfoundation.org/files/ff268.pdf


Al Gore’s horrible Science grades and standardized test scores

http://johnrlott.blogspot.com/2011/05/al-gores-horrible-science-grades-and.html


A Fistful of Dollars: Lobbying and the Financial Crisis — by Deniz Igan, Prachi Mishra, Thierry Tressel

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A Fistful of Dollars: Lobbying and the Financial Crisis — by Deniz Igan, Prachi Mishra, Thierry Tressel

Has lobbying by financial institutions contributed to the financial crisis? This paper uses detailed information on financial institutions’ lobbying and mortgage lending activities to answer this question. We find that lobbying was associated with more risk-taking during 2000-07 and with worse outcomes in 2008. In particular, lenders lobbying more intensively on issues related to mortgage lending and securitization (i) originated mortgages with higher loan-to-income ratios, (ii) securitized a faster growing proportion of their loans, and (iii) had faster growing originations of mortgages. Moreover, delinquency rates in 2008 were higher in areas where lobbying lenders’ mortgage lending grew faster. These lenders also experienced negative abnormal stock returns during the rescue of Bear Stearns and the collapse of Lehman Brothers, but positive abnormal returns when the bailout was announced. Finally, we find a higher bailout probability for lobbying lenders. These findings suggest that lending by politically active lenders played a role in accumulation of risks and thus contributed to the financial crisis.


Tax Delinquents Get Massive Profits from Obama’s Economic Stimulus

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Tax Delinquents Get Massive Profits from Obama’s Economic Stimulus

Good thing that Obama kept the promised tight rein on the money being spent from the stimulus program.

Thousands of companies that cashed in on President Obama’s economic stimulus package owed the government millions in unpaid taxes, congressional investigators have found.
The Government Accountability Office, in a report being released Tuesday, said at least 3,700 government contractors and nonprofit organizations that received more than $24 billion from the stimulus effort owed $757 million in back taxes as of Sept. 30, 2009, the end of the budget year.
The report said the tax delinquents accounted for nearly 6 percent of the 63,000 contractors and grantees examined, and it cautioned that the real number might be higher because the known tax debt does not measure such factors as income underreporting.
Among the examples was an engineering firm that received a $100,000 stimulus act contract but owed $6 million in taxes. The IRS called it “an extreme case of noncompliance.” A social services nonprofit that received more than $1 million in stimulus funds owed taxes of $2 million.
The GAO referred those two cases and 13 others to the Internal Revenue Service, the country’s tax collectors, for further investigation. . . .


Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives

http://www.bepress.com/bap/vol13/iss1/art4/?sending=11417


Getting Smart on Aid – NYTimes.com

http://www.nytimes.com/2011/05/19/opinion/19kristof.html?_r=2


One Teeny Bopper, One Vote

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One Teeny Bopper, One Vote


A Lot of What Everybody Knows Is Wrong

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A Lot of What Everybody Knows Is Wrong

How many glasses of water are we supposed to drink each day? Eight – everyone knows it’s eight. But according to researchers from the schools of Public Health and Medicine at Johns Hopkins University, this has never been proven true. In fact, they argue there’s not one single piece of data that supports this claim.

This is from Brian Mossop, writing at The Health Care Blog. Entire piece is worth reading.

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Social Science vs. Natural Science by Ludwig von Mises

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Social Science vs. Natural Science by Ludwig von Mises

Social Science vs. Natural Science by Ludwig von Mises. Published originally in the Journal of Social Philosophy & Jurisprudence, Vol. 7, No. 3, 1942, while Mises was working for the National Bureau of Economic Research. The essay examines the differences between the social and natural sciences.


Steven Levitt’s “Daughter Test” for Paternalistic Policies

http://volokh.com/2011/05/20/steven-levitts-daughter-test-for-paternalistic-policies/

Levitt’s “daughter test” is useful, however, in highlighting an important aspect of paternalism. Many of its advocates, including some sophisticated scholars such as Levitt, too readily generalize from their own personal values and use those preferences as justification for prohibitionist policies.

As economist David Henderson points out, this displays intolerance towards others with different values. What is best for me — or my daughter — may not be best for everyone. Whether the costs of a risky activity outweigh the benefits varies greatly from person to person.


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