Monthly Archives: April 2017

The Case Against Education

Bryan Caplan may be coming out with the book, but Peter Gray makes it in this video, interviewed by Nick Gillespie. By the end, he is talking about school as comparable to child labor. Those of us who grew up … Continue reading

Posted in Economics of Education | 11 Comments

What Drives the Result?

Douglas L. Campbell writes, the Glick and Rose estimation strategy implicitly assumes that the end of the cold war had no impact on trade between the East and the West. Several of the Euro countries today, such as the former … Continue reading

Posted in Mark Thoma is Indispensable, statistical methods | 1 Comment

Should Wal-Mart be allowed into banking?

Ronald J. Mann wrote, Wal-Mart’s application to form a bank ignited controversy among disparate groups, ranging from union backers to realtor’s groups to charitable organizations. The dominant voice, though, was that of independent bankers complaining that the big-box retailer would … Continue reading

Posted in financial markets | 5 Comments

Adam Ozimek’s Doubts about Libertarianism

He writes, you can argue that places with big government are great for other reasons, and this draws people there despite the big government and not because of it. And I think there’s a lot of truth to this. But … Continue reading

Posted in Libertarian Thought, Tyler Cowen is my Favorite Blogger | 17 Comments

House price-to-income ratios across cities

I find this sort of data fascinating. In Detroit, median house price is $38K and median household income is $26K, for a ratio of roughly 1.5 In San Francisco, with a median house price of $1.1 million and median household … Continue reading

Posted in Housing and housing finance | 12 Comments

Remarks on the Canadian banking system

A commenter writes, Before the depression, the US heavily regulated banks and restricted the founding of branches; there lots of small banks tethered to local markets. In contrast, Canadian banks didn’t face such stringent regulations and were larger and more … Continue reading

Posted in financial markets | 12 Comments

Needed: A March for Fiscal Responsibility

John Cochrane writes, We live on the edge of a run on sovereign debt. The US has a shorter maturity structure than most other countries, and a greater problem of unresolved entitlements. Despite our “reserve currency” status, we may actually … Continue reading

Posted in government debt crisis | 13 Comments

Where Conservatives and Libertarians Part Ways

A commenter writes, I am confused by the conservative libertarian laments of the French and US realities. . .why are conservatives lamenting the towns so much? I think there is a degree of nostalgia for a better time and these … Continue reading

Posted in Politics | 56 Comments

Broadberry and Wallis: A Suggested Interpretation

The Economist reports, Stephen Broadberry of Oxford University and John Wallis of the University of Maryland have taken data for 18 countries in Europe and the New World, some from as far back as the 13th century. To their surprise, … Continue reading

Posted in Economic History, Growth Causes and Consequences, Tyler Cowen is my Favorite Blogger | 3 Comments

Classic WaPo Front Page Editorial

On a proposed cut in the corporate income tax. President Trump is pursuing a drastic cut in the corporate tax rate, a move that is likely to grow the national debt and breach a long-held Republican goal of curbing federal … Continue reading

Posted in Washington Post bias | 27 Comments