Bryan Caplan and David Henderson

David Henderson: June 2011

An Author Archive by Month (30 entries)

Is Equality Before the Law Always Good?

Economic Philosophy
David Henderson
In an article today in The Freeman on-line, economist Steven Horwitz makes a case for allowing same-sex marriage. In doing so he makes the following statement: Government must treat all its citizens equally, and nothing paid for with tax dollars... MORE

Noah Smith on Education

Economics of Education
David Henderson
Co-blogger Arnold Kling comments on Noah Smith's post on education and Arnold's thoughts, as always, are worth reading. I want to focus on three things in Smith's post, though, that Arnold doesn't highlight. 1. Noah says that schools are prisons.... MORE

Is Social Security a Ponzi Scheme?

Fiscal Policy
David Henderson
A couple of years ago, I claimed on this blog that Social Security is a Ponzi scheme. Various commenters objected but didn't persuade me. This week, John Seater, an economist whom I respect a great deal, wrote that it is... MORE

Medicare: Almost Everybody Loses

Economics of Health Care
David Henderson
John Goodman's health policy blog this morning summarizes the results of a study done for the National Center for Policy Analysis by economists Courtney Collins and Andrew J. Rettenmaier. Goodman's table summarizes the most important points in the longer Collins/Rettenmaier... MORE

Henderson on Cowen's Great Stagnation

Growth: Causal Factors
David Henderson
My review of Tyler Cowen's e-book, "The Great Stagnation," is now out in Regulation. It's titled "Tyler Cowen's Unpersuasive Case." In it, I challenge each of Tyler's 3 factors that he claims are behind the great stagnation and show that... MORE

I Don't Want It, But I Insist on Paying for It

Revealed Preference
David Henderson
House Refuses To Authorize Libyan War, Then Refuses To Defund Libyan War That's the headline on an article by Doug Mataconis yesterday. The House of Representatives voted yesterday not to authorize the use of the U.S. military in Libya and... MORE

Mark Thoma on Privacy

Property Rights
David Henderson
Mark Thoma has an excellent post on privacy. Actually, it's about more than privacy: he highlights a New York Times piece by David Shipler about privacy that is also about more than privacy. Both call privacy a "privilege." But some... MORE

Orszag on Inequality in Life Expectancy

Economics of Health Care
David Henderson
Few would deny that a few additional years of life would be more precious to most Americans than the extra money they might receive from government transfers. If inequality in things that matter is important, there is a basic inequality... MORE

Obama's Criminalization of Business

Regulation
David Henderson
I'm visiting a friend who does due diligence for his private equity fund's investments in various U.S. companies. As a result, he talks to businessmen every week. For many months now, he has found businessmen complaining about the Obama administration's... MORE

Dynamic Free Markets

Information Goods, Intellectual Property
David Henderson
One interesting post and one interesting news article, seemingly unrelated, but actually quite related: both contain evidence of the dynamic wonders of free, or somewhat free, markets. 1. Making markets work even better: LucyPhone, a smart-phone app and an online... MORE

Is Iran a Threat?

Upcoming Events
David Henderson
I should have announced this earlier. A panel titled "Is Iran A Threat?" is scheduled for Sunday, June 19 from 3:00 PM to 5:00 PM at the Peace Resource Center, 1364 Fremont Street in Seaside, California. The two panelists are... MORE

Krugman on Favorite Books

Economic Philosophy
David Henderson
Sophie Roell interviews Paul Krugman on his five favorite books. A couple of highlights: I think it's actually a point when you're quite vulnerable, because you are looking for someone who is going to offer you all the answers. Some... MORE

The Weiner Affair

Public Choice Theory
David Henderson
A Public Choice Moment Like many people in the last few weeks, I have given into the temptation to make jokes or listen to jokes about Anthony Weiner. He has the perfect name, and the perfect story, to give rise... MORE

The New York Times on "Lucrative"

Politics and Economics
David Henderson
Neither Ms. Abedin [Anthony Weiner's wife] nor Mr. Weiner earn lucrative salaries, and Ms. Abedin is worried about her husband, who has been in politics much of his adult life, finding work. Mr. Weiner would still be eligible to collect... MORE

The Republican Candidates on Manufacturing

Labor Market
David Henderson
During the Republican debate in New Hampshire on Monday, Mike Patinsky asked how the candidates planned to return manufacturing jobs to the United States. Ron Paul answered first, claiming that we have exported our jobs. He connected it with Federal... MORE

Life in the USSA

Regulation
David Henderson
Steve Horwitz has written an excellent article in which he claims, credibly in my opinion, that the United States is now a police state. Read the whole thing. It isn't long. And while you're at it, read my article from... MORE

Megan McArdle's Best Post Ever

Economics of Health Care
David Henderson
If we measure blog posts by the importance of the issue they address and the cogency of the argument, Megan McArdle's post yesterday on the waning reservoir of antibiotics was her best ever. Rather than repeat her argument, I recommend... MORE

Incentives Matter Christopher J. Mayer, Edward Morrison, Tomasz Pikorski, and Arpit Gupta of Columbia University (variously Business School and Law School) find that a mortgage modification program that Countrywide Financial agreed to implement as part of a settlement with U.S.... MORE

FDA Goes India

Economics of Health Care
David Henderson
Alex Tabarrok has an important post this morning on the Food and Drug Administration's regulations that have helped to cause shortages of drugs. One of the contributors is the tamely named "Good Manufacturing Practices" regulations that the FDA is enforcing.... MORE

Amartya Sen on Women in Science

Economic Philosophy
David Henderson
As I mentioned in a post last week, I was at a Liberty Fund seminar in Indianapolis last weekend at which we discussed Amartya Sen's The Idea of Justice. Before that, I had read only sections of his books and... MORE

Me on Fox News Channel

Fiscal Policy
David Henderson
John Stossel's special, "The Money Hole," will air on Fox News Channel this Sunday. The segment he taped with me, in which I discuss my Mercatus piece on Canada's budget cuts, will be in the last part. It will air... MORE

Eric Holder's Cognitive Dissonance

Economics of Crime
David Henderson
NOT from The Onion "Do another Season of The Wire," he [Attorney General Eric Holder] said to cheers. "That's actually at a minimum...if you don't do a season, do a movie. We've done HBO movies, this is a series that... MORE

In a post back in January, "McArdle Waves the White Flag," I questioned Megan McArdle's view that it was a good idea for the Illinois government to raise income tax rates substantially. At the time, she saw the tax increases... MORE

Henderson on Canada's Budget Cuts

Fiscal Policy
David Henderson
I got so busy with my classes in the last month or so that I neglected to highlight a follow-on study I, along with George Mason University student Jerrod Anderson, did for Mercatus. It is titled "Canada's Reversed Fiscal Crisis"... MORE

My review of Jeff Friedman's edited book, What Caused the Financial Crisis?, was published in Policy Review last week. Some excerpts from my review: The most important chapter is the first. This 66-page segment is editor Jeff Friedman's overview of... MORE

Gorman on Attendant Services Under Medicaid

Economics of Health Care
David Henderson
Recipients of agency care, that is, care provided by certified agencies, have little control over who enters their homes, when they will come, what they will do, and how they will do it. Theft is a constant problem. In addition,... MORE

Where is Fred Kahn When We Need Him Again?

Regulation
David Henderson
Follow us on banana. French anchors on television can't mention specific social networking sites unless a story is about them because of a 1992 law, highlighting the difficulty of legislating in the Internet age. The host of a news or... MORE

Sen on "Methodological Individualism"

Economic Methods
David Henderson
I'm at a weekend conference in Indianapolis that started last night and goes through tonight. About 14 people, roughly evenly split between philosophers and economists, are working our way through Amartya Sen's The Idea of Justice. One of the things... MORE

Great Moments in Free Choice

Economics of Health Care
David Henderson
Kaytal [acting solicitor general of the United States] responded by noting that the there's a provision in the health care law that allows people to avoid the mandate. "If we're going to play that game, I think that game can... MORE

Medicare, Food Stamps, and Rationing

Economics of Health Care
David Henderson
Bryan raises a good question: Is it "government rationing of food" if you can't buy cigarettes with food stamps? The answer is no. What makes health care different is the current system of price controls imposed by, wait for it,... MORE

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