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Date: Saturday, 19 Apr 2014 01:00
(April 19, 2014 12:00 AM, by Bryan Caplan) This Tuesday, Reason is hosting a DC debate on "Should America Open Its Borders?"  Cato's Alex Nowrasteh and I say yes; the Center for Immigration Studies' Mark Krikorian says no.The Center for Immigration Studies' masthead reads, "Low-Immigration, Pro-Immigrant."  I've dissected... (3 COMMENTS)
Author: "Bryan Caplan" Tags: "Labor Mobility, Immigration, Outsourcing"
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Date: Friday, 18 Apr 2014 19:30
(April 18, 2014 06:30 PM, by Alberto Mingardi) Uber is having a hard time in Europe. The San Francisco company has started its operations in quite a few cities now. This fact has raised protest by taxi-drivers (as any other human being, they do not like new competitors).... (1 COMMENTS)
Author: "Alberto Mingardi" Tags: "Eurozone crisis"
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Date: Friday, 18 Apr 2014 13:36
(April 18, 2014 12:36 PM, by David Henderson) This is another installment in my posts on my visit to the San Francisco Fed on April 9. My talk was in the afternoon, but I always like to see the talks that precede mine so that I can get... (11 COMMENTS)
Author: "David Henderson" Tags: "Macroeconomics"
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Date: Friday, 18 Apr 2014 01:02
(April 18, 2014 12:02 AM, by Bryan Caplan) Almost everyone wants to heavily restrict immigration.  Foreigners will take our jobs, go on welfare, poison our culture, and vote for socialism.  But there's one kind of foreigner almost every country welcomes: tourists.  Sure, locals gripe about their cluelessness and... (16 COMMENTS)
Author: "Bryan Caplan" Tags: "Cost-benefit Analysis"
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Date: Thursday, 17 Apr 2014 14:28
(April 17, 2014 01:28 PM, by David Henderson) Answer: No. But it has become increasingly common for people, even otherwise numerate analysts, to write as if it can. Consider a recent instance. In the Spring 2014 issue of Regulation, Sam Batkins and Mitch Boynton discuss a case in... (19 COMMENTS)
Author: "David Henderson" Tags: "Statistical theory and methods"
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Date: Thursday, 17 Apr 2014 10:23
(April 17, 2014 09:23 AM, by Scott Sumner) TravisV sent me to the following graph of industrial production: That looks like good news. To see why it is bad news, we need to take a brief digression. The recent recession has been rather unusual. RGDP fell sharply between... (8 COMMENTS)
Author: "Scott Sumner" Tags: "Macroeconomics"
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Date: Thursday, 17 Apr 2014 02:04
(April 17, 2014 01:04 AM, by Bryan Caplan) Back in 2008, I noted an obscure TARP provision: SEC. 134. RECOUPMENT.Upon the expiration of the 5-year period beginning upon the date of the enactment of this Act, the Director of the Office of Management and Budget, in consultation with... (12 COMMENTS)
Author: "Bryan Caplan" Tags: "Economic Methods"
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Date: Wednesday, 16 Apr 2014 17:29
(April 16, 2014 04:29 PM, by David Henderson) On a flight home from Las Vegas last night, I found the April 14 issue of Time magazine. I hadn't read it in years. On the last page was a feature called "10 Questions." They were 10 questions to "activist,... (20 COMMENTS)
Author: "David Henderson" Tags: "Income Distribution"
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Date: Wednesday, 16 Apr 2014 10:02
(April 16, 2014 09:02 AM, by Scott Sumner) Tyler Cowen directed me to a long interview of Larry Summers. I have two general impressions after listening to the interview: 1. Larry Summers seems brilliant. 2. I disagree with him on just about everything. That got me wondering why... (17 COMMENTS)
Author: "Scott Sumner" Tags: "Economic Philosophy"
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Date: Wednesday, 16 Apr 2014 01:01
(April 16, 2014 12:01 AM, by Bryan Caplan) A friend tells you, "I'm thinking of starting a restaurant.  Advise me."  You know that about 60% of new restaurants fail in their first three years - and have no reason to think that your friend would be anything other... (16 COMMENTS)
Author: "Bryan Caplan" Tags: "Behavioral Economics and Rationality"
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Date: Tuesday, 15 Apr 2014 11:03
(April 15, 2014 10:03 AM, by Bryan Caplan) At the IEA blog, Kristian Niemietz points out that expenditure surveys fail to detect most of the tobacco sales visible in national product accounts.  For most goods, the two show broadly the same pattern: with small errors, what people profess... (3 COMMENTS)
Author: "Bryan Caplan" Tags: "Behavioral Economics and Rationality"
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Date: Tuesday, 15 Apr 2014 01:08
(April 15, 2014 12:08 AM, by Bryan Caplan) Martin Luther King's "Letter from a Birmingham Jail" defends an odd position: You may morally break an unjust law IF you make no effort to evade the legal punishment for the unjust law you break.In no sense do I advocate... (23 COMMENTS)
Author: "Bryan Caplan" Tags: "Cost-benefit Analysis"
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Date: Monday, 14 Apr 2014 10:34
(April 14, 2014 09:34 AM, by Scott Sumner) In the past 10 years Germany as gone from being the "sick man of Europe" to the star of the eurozone. This partly reflects the strong job creation that preceded the recession, perhaps due to the labor market reforms of... (11 COMMENTS)
Author: "Scott Sumner" Tags: "Labor Market"
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Date: Monday, 14 Apr 2014 08:05
(April 14, 2014 07:05 AM, by Alberto Mingardi) I've finally received my copy of Capital in the Twenty-First Century, Thomas Piketty's magnum opus that has already risen to the status of a cult book for the political left. It is a good rule never to comment on a... (9 COMMENTS)
Author: "Alberto Mingardi" Tags: "Book Club"
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Date: Sunday, 13 Apr 2014 20:59
(April 13, 2014 07:59 PM, by David Henderson) Last Wednesday I gave a talk at the San Francisco Federal Reserve Bank. The event was the "2014 Conference of Twelfth District Directors." I was one of three presenters. See here for the other two. The session was on "Bubbles"... (4 COMMENTS)
Author: "David Henderson" Tags: "Monetary Policy"
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Date: Sunday, 13 Apr 2014 10:57
(April 13, 2014 09:57 AM, by Bryan Caplan) In The Economic Naturalist, Robert Frank remarks: Normal 0 false false false MicrosoftInternetExplorer4 Psychologist Tom Gilovich has suggested that someone who wants to accept a hypothesis tends to ask, "Can I believe it?"  In contrast, someone who wants to reject... (3 COMMENTS)
Author: "Bryan Caplan" Tags: "Behavioral Economics and Rationality"
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Date: Sunday, 13 Apr 2014 00:26
(April 12, 2014 11:26 PM, by James Schneider) In recent history, the UK has liberalized its rules concerning the hours that pubs can operate. For example, the Licensing Act of 1988 expanded Sunday hours and no longer required pubs to close for two and a half hours in... (5 COMMENTS)
Author: "James Schneider" Tags: "Regulation"
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Date: Friday, 11 Apr 2014 14:55
(April 11, 2014 01:55 PM, by David Henderson) Donald Boudreaux takes on one of Robert Reich's recent arguments for the minimum wage. Reich writes: A $15/hour minimum is unlikely to result in higher prices because most businesses directly affected by it are in intense competition for consumers, and... (45 COMMENTS)
Author: "David Henderson" Tags: "Labor Market"
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Date: Friday, 11 Apr 2014 11:03
(April 11, 2014 10:03 AM, by Bryan Caplan) Nelson, Kushlev, and Lyubomirsky's "The Pains and Pleasures of Parenting: When, Why, and How Is Parenthood Associated With More or Less Well-Being?" (forthcoming in the Psychological Bulletin) is a great survey of research on parenthood and happiness.  Quick version: Contrary... (10 COMMENTS)
Author: "Bryan Caplan" Tags: "Behavioral Economics and Rationality"
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Date: Friday, 11 Apr 2014 04:53
(April 11, 2014 03:53 AM, by David Henderson) I was one of three speakers on a panel at the San Francisco Federal Reserve Bank on Wednesday. The other two speakers were Kevin Lansing of the SF Fed and Atif Mian of Princeton University. The event went well and... (13 COMMENTS)
Author: "David Henderson" Tags: "Business Economics"
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