Monthly Archives: August 2014

Thought on a Strategy

What should be our strategy? Think about what has worked and what has not worked for us in Iran, Afghanistan, and the Arab world. Consider the various types of regimes, and ask how well we have been able to work … Continue reading

Posted in Politics | 9 Comments

Ralph Musgrave on 100 percent reserve banking

He writes, if it is thought that a 25% or so capital ratio really DOES MAKE banks entirely safe, then there is no difference between the risk run by bank shareholders and depositors. That is, shareholders and depositors essentially become … Continue reading

Posted in financial markets | 1 Comment

Support for the average-is-over story

James Bessen writes, The wages of the top 10% of designers have risen strongly; the wages of the average designer have not. There is a shortage of skilled designers but it can only be seen in the wages of those … Continue reading

Posted in Growth Causes and Consequences, income distribution-wealth-poverty, Tyler Cowen is my Favorite Blogger | 3 Comments

WSJ on Boettke

A nice article (you may have to use Google News to view it). the 50-year-old professor of economics at George Mason University in Virginia is emerging as the intellectual standard-bearer for the Austrian school of economics that opposes government intervention … Continue reading

Posted in Libertarian Thought | Comments Off

Spectrum Price Discrimination Using Zero-rated Apps

The Washington Post reports, Apps and Web sites that don’t count against the users’ data plan are popping up both in the United States and abroad, often under names like Wikipedia Zero or Facebook Zero. Pointer from Tyler Cowen. If … Continue reading

Posted in Information Goods, Setting Economic Priorities, Tyler Cowen is my Favorite Blogger | 5 Comments

Trends and Cycles

Tyler Cowen writes, The arrival of the cyclical event, in due time, makes the negative underlying trend more visible. At first people blame everything on the cycle/crash, but a look at the slow recovery, combined with a study of pre-crash … Continue reading

Posted in PSST and Macro, Tyler Cowen is my Favorite Blogger | 1 Comment

A Classic Paper on Spectrum Property Rights

From Arthur S. DeVany and others. One possible way to take explicit account of the unpredictable variations in field strength is to devise a stochastic definition for the spectrum-use property rights. For example, an operator could be permitted to exceed … Continue reading

Posted in Setting Economic Priorities | 4 Comments

A Spectrum of Possibilities

How can the United States make better use of wireless spectrum? Broadly speaking, there are three categories of tools. 1. Engineering. Design and deploy transmitters and receivers that allow more data to be transmitted within given bands. 2. Allocation. Take … Continue reading

Posted in Setting Economic Priorities | 3 Comments

Why I would be inclined to replace the FCC and the FDA

Francis Fukuyama writes, Institutions are created to meet the demands of specific circumstances, but then circumstances change and institutions fail to adapt. One reason is cognitive: people develop mental models of how the world works and tend to stick to … Continue reading

Posted in business economics, institutional economics, Setting Economic Priorities, Tyler Cowen is my Favorite Blogger | 4 Comments

Reihan Salam interviews Lane Kenworthy on Poverty Policy

Interesting interview, difficult to excerpt. The focus is on comparisons of U.S. policy with those of other countries. For example, Kenworthy says Unemployment benefit levels are determined by state governments. In many instances, the benefit level is a “replacement rate,” … Continue reading

Posted in income distribution-wealth-poverty, Reihan Salam is the ultimate wonk | Comments Off