from Nick Bunker at the Washington Center for Equitable Growth, Monopsony and market power in the labor market: We’ve all heard the term “monopoly,” even if it’s just in the context of the board game. But a related term, or
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an explanation of Rent Seeking Behavior and its social costs in Forbes, What is Rent Seeking Behavior Rent-seeking never encourages productivity. The production of valuable goods and services is maximized with strong property rights when little is wasted in efforts
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via Ed Driscoll at PJ Media, “Intellectuals Cannot Operate At Room Temperature” Quoting Thomas Sowell: There’s something Eric Hoffer said: “Intellectuals cannot operate at room temperature.” There always has to be a crisis–some terrible reason why their superior wisdom and
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Holman Jenkins in The Wall Srteet Journal, A Better Way to Bring the ‘Elites’ Into Line: excerpts: Central bankers. Ben Bernanke (weakly), Mario Draghi (weakly), Janet Yellen (weakly to the point of inaudibleness) have all said monetary policy can’t be the sole fix
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From Robert Samuelson at The Washington Post, A Scarcity of Economic Growth excerpt: The causes of the productivity collapse are unclear. Some economists say that productivity isn’t measured properly — Internet benefits are allegedly undercounted. Other economists contend that U.S.
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from Jonah Goldberg at National Review, No Movement That Embraces Trump Can Call Itself Conservative: It is entirely possible that conservatives sweat the details of tax policy too much. Once in office, a president must deal with political realities that render
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from Jonah Goldberg at National Review, No Movement That Embraces Trump Can Call Itself Conservative: If I sound dismayed, it’s only because I am. Conservatives have spent more than 60 years arguing that ideas and character matter. That is the conservative
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from Stephen Miller at National Review, Bernie Sanders Has an Inconvenient Message for the Democratic Party There is little to no curiosity among our media elite about how a Democratic candidate for president is able to campaign on a shrinking
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The Bush Growth Plan Broad based, lower MARGINAL rates, fewer deductions. He is on the right track.
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Six Things Paul Krugman Gets Wrong on Medicare
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from Neal Freeman at National Review, Carly Fiorina-First Tier Candidate: Excerpt: According to our expensive and occasionally accurate opinion surveys, Maine residents know two things about Carly Fiorina: first, that she gives Hillary Clinton fits, and second, that she was
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from Peter Weher at Commentary, Donald Trump: What the Founders Feared Time and again the founders argued for the need “for more cool and sedate reflection.” They spoke about the danger of passion wresting the sceptre from reason. And it
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from Kevin Williamson at The National Review, What Makes American Workers Great: Workers get paid more because they produce more, not because there’s some coddled predatory halfwit threatening to pass out picket signs. Investment, not union extortion, is what turbocharges
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from Cafe Hayek, A Canned Lie: As ‘responsibility’ is commonly understood in modern English, a responsible person is able and willing to respond to the events in question by personally bearing the bulk of the consequences. If Ms. Clinton were really to take responsibility,
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from the Wall Street Journal Editorial Board, The West’s Refugee Crisis The lesson is that while intervention has risks, so does abdication. The difference is that at least intervention gives the West the opportunity to shape events, often for the
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from Bret Stephens at The Wall Street Journal, Farewell to the Era of No Fences: How did this happen? We mistook a holiday from history for the end of it. We built a fenceless world on the wrong set of
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Holman Jenkins in The Wall Srteet Journal, A Better Way to Bring the ‘Elites’ Into Line: excerpts: Labor unions and their political allies. Workers in America don’t get higher wages and more opportunity because Washington tilts the legal system in
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from Cafe Hayek, First Day of Class by Don Boudreaux: I add here only a summary of my teaching goal: It is to make my students aware that society in general, and the economy in particular, is far more complex than most professors,
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Trump is like a cat trained to piss in a human toilet. It’s amazing! It’s remarkable! Yes, yes, it is: for a cat. But we don’t judge humans by the same standard. from Jonah Goldberg at National Review, No Movement
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Passion vs Reason
from Peter Weher at Commentary, Donald Trump: What the Founders Feared Time and again the founders argued for the need “for more cool and sedate reflection.” They spoke about the danger of passion wresting the sceptre from reason. And it