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David Henderson: September 2011
An Author Archive by Month (36 entries)
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September 28, 2011
Monetary Policy
David Henderson
UCLA vs. UCLA UCLA economics professor Lee Ohanian and co-author Harold Cole of the University of Pennsylvania had a piece in the Wall Street Journal this week, "Stimulus and the Great Depression: The Untold Story." There's a lot of good... MORE
September 27, 2011
Regulation
David Henderson
In an article today, Lew Rockwell answers yes. See what he has to say. I'm organizing a session on this at the Association for Private Enterprise Education (APEE) meetings in Las Vegas in April and I've asked people who I... MORE
September 26, 2011
Mike Stroup, who used to be my colleague at the Naval Postgraduate School and who is now at Stephen F. Austin State University in Nacogdoches, Texas, has done a pithy 2-pager for the National Center for Policy Analysis. It's titled,... MORE
sports economics
David Henderson
My wife and I are basketball fans, in particular, fans of the home team, the Golden State Warrriors. OK, get over all the laughs and derisive sneers: I'm about to make an important point. We've been following news about whether... MORE
September 25, 2011
sports economics
David Henderson
Earlier this year, I posted about sports and randomness. I noted that many people fail to account for the role of randomness in sports. I also noted that Billy Beane, the general manager of the Oakland A's, gets randomness and... MORE
September 24, 2011
Business Economics
David Henderson
Byran posted this morning on Moneyball. Here's what Charley Hooper and I wrote on it in our 2006 book (we probably wrote this segment in 2004), Making Great Decisions in Business and Life. Billy Beane Baseball One of the most... MORE
September 23, 2011
The global sovereign debt crises, and the Greek fiscal crisis, are bad enough on their own. Basel III is just making things worse. If I may summarize past comments, under the purview of Basel III banks in the United States... MORE
Social Security
David Henderson
While Heritage cites the current taxation of Social Security benefits and progressive Medicare parts B and D premiums in defense of its reforms, the effects of its proposed means tests would be more than an order of magnitude larger. Even... MORE
September 22, 2011
According to the Sept. 19 White House fact sheet, "The President calls on [the super committee] to undertake comprehensive tax reform, and lays out five principles for it to follow: 1) lower tax rates; 2) cut wasteful loopholes and tax... MORE
Central Planning vs. Local Knowledge
David Henderson
The abolition of consumers' choice in favor of universal rationing is a typical product of that onslaught, sometimes called Bolshevism. This was written by an economist in 1940 to oppose rationing during World War II. Who was the economist? You... MORE
September 21, 2011
Megan McArdle has an excellent post today on the so-called Buffett tax rule. That's the idea that high-income people should pay some minimum percent of their income in federal taxes. After demolishing the case, pointing out that to trap every... MORE
Economic Education
David Henderson
I'm one of those people who, on a flight, after doing the crossword puzzle and the medium sudoku, occasionally looks at the articles. I do it mainly to get a feel for what writers trained in the medium think Americans... MORE
September 20, 2011
Politics and Economics
David Henderson
Matt Mitchell, a sharp young economist at the Mercatus Center, has come up with a 14 second video that shows the rise and fall of economic freedom over the last 4 decades. Note that the decline was precipitous under Bush... MORE
Cross-country Comparisons
David Henderson
The latest issue of Economic Freedom of the World, written by James Gwartney, Robert Lawson, and Joshua Hall, was released this week. You can find the whole thing here. The United States has slipped from #6 last year to #10... MORE
Fiscal Policy
David Henderson
President Obama Double Counts Now, I'm proposing real, serious cuts in spending. When you include the $1 trillion in cuts I've already signed into law, these would be among the biggest cuts in spending in our history. But they've got... MORE
September 19, 2011
Economics of Health Care
David Henderson
Background: There's been a lot of discussion on the blogosphere about Ron Paul's answer to a question about health care from Wolf Blitzer: was it a softball, how should Ron Paul have answered, etc. (For a post that links to... MORE
September 17, 2011
Economic History
David Henderson
In his letter, he described Keynes as "the one really great man I ever knew, and for whom I had unbounded admiration. The world will be a very much poorer place without him." This is quoted in a book that... MORE
September 15, 2011
Social Security
David Henderson
In his comment on my previous post on Paul Krugman and whether Social Security is a Ponzi scheme, "wintercow20" writes: Would it not have made sense from the outset to argue something like, "Professor Krugman also recognizes the problems with... MORE
September 14, 2011
Many people have quoted an article Paul Krugman wrote 15 years ago in which he said that Social Security has a "Ponzi game aspect." So how does Krugman respond? He now claims that he said it because Paul Samuelson had... MORE
Income Distribution
David Henderson
Because, today, we are no longer counting those who are in poverty after we've helped them. Today we are counting the number who are in poverty before we've helped them. Tim Worstall explains the weird way in which the federal... MORE
Regulation
David Henderson
They [the Department of Transportation and the Environmental Protection Agency] will swoop in with turgid - and then threatening - demands that you sell no cars to the public (no matter how much the public may want those cars) until... MORE
September 12, 2011
Cost-benefit Analysis
David Henderson
After about a 3-week hiatus, David Friedman is blogging again. And the first one he did after starting is excellent. It's on global warming. Here's the opening paragraph: The argument for large and expensive efforts to prevent or reduce global... MORE
September 11, 2011
Politics and Economics
David Henderson
Jeffrey Toobin Implicitly Makes a Strong Case that May Surprise His Fans There has been a lot of discussion, especially on the left, about whether Supreme Court Justice Clarence Thomas should recuse himself when that court gets to decide on... MORE
September 10, 2011
Labor Mobility, Immigration, Outsourcing
David Henderson
Bryan Caplan writes: The children of the foreign-born go far beyond this. Immigrants hurt them the most, but they oppose immigration the least. How is this possible? The best explanation is that the children of the foreign-born, like many other... MORE
September 8, 2011
Economic Education
David Henderson
That's the title of my piece that I wrote for the McClatchy newspaper chain. It ran in multiple McClatchy papers. Here's the one in the Fort Worth Star-Telegram. Here's one excerpt: First, distinguish between bad jobs and good jobs. An... MORE
September 7, 2011
Fiscal Policy
David Henderson
A non-libertarian economist colleague recommended Warren Buffett's recent op/ed, "Stop Coddling the Rich," to me and I decided to read it for myself. I came away unimpressed. I won't do a full analysis, but I will point out a few... MORE
September 6, 2011
Business Economics
David Henderson
The resourcefulness of free markets. Most mornings I go to the Starbuck's at the local Safeway to buy coffee for my wife. When I went this morning, I pulled up beside an unoccupied Sara Lee truck delivering bread. Outside the... MORE
Economic Philosophy
David Henderson
In a comment on my recent post on the debate between Nick Gillespie/Matt Welch and David Gordon, I challenged David Gordon to give instances where Gillespie and Welch have claimed that one must have certain tastes or attitudes in order... MORE
September 5, 2011
Institutional Economics
David Henderson
Although the KGB was abolished in 1991 after its chairman, Vladimir Kryuchhov, participated in the failed coup d'etat against USSR president Mikhail Gorbachev, the KGB mentality still thrives. Russian is run by former KGB officials and Kremlin-friendly oligarchs. They control... MORE
Upcoming Events
David Henderson
On Monday, September 12, I'll be giving a speech at Western Kentucky University in Bowling Green, Kentucky. The public is welcome. My speech is titled, "Lessons Not Learned from 9/11: An Economic, Numerate, Constitutional Perspective." It will go from 8:00... MORE
September 4, 2011
Economics and Culture
David Henderson
I have a different take from Bryan Caplan's on the debate between Nick Gillespie and Matt Welch, on the one hand, and David Gordon, on the other. My take is informed by the further discussion that Bryan doesn't mention: Welch's... MORE
September 3, 2011
Fiscal Policy
David Henderson
A well-known sociologist shares information about a prominent Democratic Senator that made him despair--and gave me hope. For some reason, I'm on what is probably a very large e-mail list from Amitai Etzioni, the left-wing sociology professor at George Washington... MORE
September 2, 2011
Cost-benefit Analysis
David Henderson
Bryan Caplan has already blogged about the debate between Paul Krugman and Steve Landsburg. I have nothing to add to the substantive issue debated. But I do have four things to add: 1. Notice that Krugman, in a later post,... MORE
Business Economics
David Henderson
The share prices of AT&T and T-Mobile parent Deutsche Telekom AG fell sharply, while shares of No. 3 cellphone company Sprint Nextel Corp., seen as the biggest loser if the proposed merger goes through, were up nearly 6%. This is... MORE
September 1, 2011
Business Economics
David Henderson
I'll be on KQED-FM (San Francisco) on Friday, September 2 sometime between 9:00 and 10:00 a.m. (PDT). The topic? Solyndra, the welfare-receiving corporation that suspended operations yesterday and plans to declare bankruptcy. UPDATE: Well, when it came to policy, it... MORE
Economics of Education
David Henderson
"Howdy from that college kid." That's the subject line of an e-mail I received about a year ago from a local college student who, at the time, was attending Monterey Peninsula College, the local 2-year community college in Monterey. The... MORE
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