ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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"...we may be in the painful process of completing the transition brought about by Internet communications."
Looking forward to it. I'm hoping that my daughters won't be forced to make a daily commute, and I might even work a few years longer if I could do most of it from a home office. Its possible now, just not traditional.
Looking forward to your comments on the pro-cyclicality of financial institutions. It does seem weird that the insurance company has to be able to pay for a house burning down after it just paid for the house burning down.
Well, the combination of minimum capital standards with the mark to marketing rule in accounting does seem to be very procyclical. Was this what you had in mind?
He is a bit more optimistic than I am. I agree things are changing, but the biggest change I see is that consumer spending can no longer remain at 70% of GDP. The reason is that 70% consumer spending requires continued borrowing to keep the economy going at that level. The main thing, though, is to keep in mind that we are not going back to the way things were.
I've been wondering if this isn't what's happening with health care costs. Maybe health care is going to be the replacement for manufacturing as manufacturing replaced farming?
Granted, the various intermediaries add to the cost, but I doubt they add as much as the difference between 'you have 6 months to live, put your affairs in order' and 'you'll spend 3 months in the hospital, then another 3 months of therapy, and you'll probably live another decade'.
In the first link, I got to the third paragraph, under 'Too Big To Fail':
Oh, yes – you must insist.
How 'bout instead, you make a public announcement that from this point, forever more, no one will be safe from failure; not for size, nor any other reason. That should keep the financial firms dancing a little further apart at the next party.
With office rental increasing, it doesn't make much sense to have a physical office. I believe the future of most businesses will be virtual and leveraging off using a virtual office space.