Bryan Caplan and David Henderson

David Henderson: March 2009

An Author Archive by Month (27 entries)

Obama Throws the F-Bomb

Central Planning vs. Local Knowledge
David Henderson
No, not that one; I wish. President Obama has done something far more serious. He has already, in less than 100 days, moved the U.S. economy further towards fascism. Sean Hannity and other critics keep criticizing Obama for his socialist... MORE

The Nature of Government

Regulation
David Henderson
Kiss the Emperor's Ring The Dallas cop who prevented the NFL player from seeing his mother-in-law before she died has gotten a lot of press. Various people have taken various sides. Bill O'Reilly, true to form, said last night that... MORE

My Qualified Defense of Greenspan

Monetary Policy
David Henderson
In today's Wall Street Journal is a round-up of views on whether Alan Greenspan caused the housing boom. The lead piece, by me, says that he didn't, for reasons that will be familiar to regular readers of this blog. My... MORE

Michele Bachmann Gets It; Ron Paul Doesn't

Economic Education
David Henderson
Ms. Bachmann as Air Traffic Controller in a YouTube World When the only way people could watch Congress was via C-SPAN, Congressmen confronting those testifying before their committees rationally, if often boringly, made speeches. Their calculus was surely that someone... MORE

Taylor Rules

Finance
David Henderson
My book review of John Taylor's latest book, Getting Off Track, appeared on Forbes.com yesterday. Two excerpts from my review: Throughout 2007 and 2008, Fed Chairman Ben Bernanke and others in policy-making positions assumed that the problem was that the... MORE

Investing Wisdom from a Wise Guy

Finance: stocks, options, etc.
David Henderson
Not that kind of wise guy; actually a wise man. Take a look at this extended interview of investment adviser Less Antman, whom I've occasionally quoted on this blog. Apart from his advocacy of diversifying by investing in commodity futures,... MORE

The Top One Percent

Income Distribution
David Henderson
I think the average quality of letters to the Wall Street Journal is medium to low, but today's lead letter is quite good. The author writes to elaborate on a point made by Daniel Henninger in a column that I... MORE

Me on New Hampshire TV

Fiscal Policy
David Henderson
Last Wednesday, I did a 23:00 minute interview on MCAM TV23 in New Hampshire. I can't tell the ideology of these two interviewers, which I find refreshing because at the same time they do have strong views. We talked about... MORE

Did Natasha Richardson Die from Socialized Medicine?

Economics of Health Care
David Henderson
The province of Quebec lacks a medical helicopter system, common in the United States and other parts of Canada, to airlift stricken patients to major trauma centers. Montreal's top head trauma doctor said Friday that may have played a role... MORE

Clyburn Undercuts Own Case

Energy, Environment, Resources
David Henderson
In an otherwise good article in Friday's Wall Street Journal, "How Can Greens Make Themselves Less White?", Journal writer Naomi Schaefer Riley fails to make a telling point against Democratic Rep. James Clyburn. Riley points out that Clyburn is trying... MORE

Good News for Social Security Taxpayers

Social Security
David Henderson
Among the guidelines the IRS issued yesterday was allowing investors to claim their losses from a Ponzi scheme as a theft loss rather than a capital loss, a personal casualty loss or a personal theft loss. This is from here.... MORE

Obama on Leno

Finance
David Henderson
I just finished watching my DVR of President Obama on NBC's "The Tonight Show with Jay Leno." There were some interesting highlights. Of course, Obama was charming: he does that very well. If I judged him only by looks, tone,... MORE

Who Said It? Larry Summers

Economic Philosophy
David Henderson
In yesterday's post, I gave a long quote from the book, Commanding Heights, by Daniel Yergin and Joseph Stanislaw, and I asked who said it. Two of the commenters answered correctly: Larry Summers. Here's the paragraph that follows the two... MORE

Who Said It?

Economic Philosophy
David Henderson
"Three things happened to change people's thinking in recent years," he continued. "First, they have seen how badly the public sector can mess things up. With competition, things seem to go better. Innovation happens. The world is more focused on... MORE

Tale of Two Islands

Growth: Causal Factors
David Henderson
Stanford University economists Peter Blair Henry and Conrad Miller recently published an interesting NBER Working Paper in which they compare economic policy and economic performance between Jamaica and Barbados. Henry and Miller point out that in Jamaica, the People's National... MORE

Great Lines from Bob Solow

Macroeconomics
David Henderson
On February 25, I posted some lines from an Arjo Klamer interview with Bob Lucas and promised to post some of my other favorites. The interview with Bob Solow of MIT has a lot of my favorites. All of these... MORE

Greenspan and CAFE

Monetary Policy
David Henderson
The latest issue of The Freeman: Ideas on Liberty carries two articles written or co-authored by me. The first, "Was Money Really Easy Under Greenspan?," by Jeff Hummel and me, goes after the view that Greenspan conducted a loose monetary... MORE

Paradox of Thrift

Macroeconomics
David Henderson
Both Arnold and Bryan have weighed in on the paradox of thrift. Arnold's response was to my mention of Bob Murphy's refutation of Steve Fazzari. Jeff Hummel read Arnold, Bryan, and Bob Murphy and wrote me the following: The essence... MORE

Buffett on Mark to Market

Finance
David Henderson
My favorite Wall Street Journal writer, Holman W. Jenkins, Jr., has an excellent piece today on Buffett's views of Mark-to-Market. It seconds what I quoted Less Antman saying last week and what commenter Patrick Sullivan pointed out. Sullivan linked to... MORE

Rent Control and Material Things

Price Controls
David Henderson
In a recent article in the New York Times about people living in rent-controlled apartments in New York city is the following telling section: But having made it through the 15-year real estate boom with their tenancy intact, the O'Neals,... MORE

Tysonomics

Fiscal Policy
David Henderson
In today's Wall Street Journal, Laura D'Andrea Tyson has a defense of "Obamanomics." At least that's the title the Journal gave it. The article is worth looking at for a number of reasons: 1. In discussing President Obama's spending plans,... MORE

Judiciary Dishonesty

Politics and Economics
David Henderson
This weekend, I spoke on free trade at the Club for Growth's annual meeting in Palm Beach this weekend. At dinner last night, I heard an amazing story from Steve King, a Republican congressman from Iowa. I was amazed at... MORE

Sober Words from Barro

Macroeconomics
David Henderson
In yesterday's Wall Street Journal, Bob Barro points out that the stock market crash could portend another depression. I had never been able to answer students who asked me what distinguishes a depression from a recession except that it's more... MORE

Mark to Market

Finance
David Henderson
Economist Jeff Hummel sent out the following to a large e-mail list. I'm reprinting the whole thing here and appending my comments. Jeff's e-mail: Mark-to-market accounting has received a lot of criticism during the current financial crisis. But a recent... MORE

Murphy on the Paradox of Thrift

Macroeconomics
David Henderson
Fellow blogger Arnold Kling has weighed in on the paradox of thrift. Arnold states: Robert P. Murphy and Bryan seem to me to be confusing things. Murphy starts with an illustration of the paradox of thrift from Keynesian economist Steve... MORE

The Wonder of Economic Freedom

Growth: Consequences
David Henderson
I was reminded of this by Don Boudreaux's latest. In it, he cites a nice short piece by Robert Higgs and a great comedy riff by Louis C.K. Listening to the comedy sketch reminded me of what I wrote in... MORE

Me on Obama and Brown

Labor Market
David Henderson
Just up on Forbes.com is an article by me on tomorrow's meeting between President Obama and Prime Minister Brown. It's titled, "Will Obama and Gordon Brown Cook Up a Tax Cartel?" In it, I talk about what they, as good... MORE

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