Bryan Caplan, David Henderson, and Arnold Kling

David Henderson: November 2010

An Author Archive by Month (26 entries)

Admiral Mullen vs. Professor Hayek

Central Planning vs. Local Knowledge
David Henderson
I mentioned briefly in a comment on my own blog post a few weeks ago that there is a Hayekian approach to protecting ourselves from terrorists. I elaborated in an article yesterday that I'll quote from here: Friedrich Hayek's insights... MORE

Price Controls and Black Markets in Canadian Health Care

Economics of Health Care
David Henderson
One high-ranking physician who works with doctors at several Montreal hospitals told The Gazette that obstetricians often accept cash offered by expectant parents to ensure their doctor attends the delivery, rather than having to depend on whichever doctor is on... MORE

Roger Cohen on TSA

Regulation
David Henderson
New York Times columnist Roger Cohen has an excellent column pointing out the real issue with TSA, naked pictures, and groping. In a column aptly titled, "The Real Threat to America," Cohen writes: I don't doubt the patriotism of the... MORE

David Friedman on TSA

Regulation
David Henderson
David Friedman asks how we can trust TSA when it has shown itself untrustworthy. He gives two examples: To take the earliest and most striking example, the TSA used to, for all I know still does, interpret the rule against... MORE

Betting Stakes and Julian Simon

Energy, Environment, Resources
David Henderson
When writing my previous post on my own experience with stakes in betting, I couldn't find a bet that I had thought I offered. Now I have. In a Red Herring article in June 1998, at http://www.davidrhenderson.com/articles/0698_inmemoriamjuliansimon.html, "In Memoriam: Julian... MORE

Tools and Objectives

Monetary Policy
David Henderson
Let's say I notice that a screw is loose on a handle of a pot. This often happens with one particular old pot we have that we love. So I go get a Phillips screwdriver and tighten the screw. Would... MORE

Me on Economists and the Draft

Labor Market
David Henderson
Last week, Larry White interviewed me on the role of economists in ending the draft. It's now on-line. What led to the interview is this article that Econ Journal Watch published in 2005. Aside from my heavy breathing in places,... MORE

Raising the Stakes

Energy, Environment, Resources
David Henderson
There's a lot of discussion on this blog on raising the stakes. For the record, I offered to bet Paul Krugman $1,000, in a Simon-Ehrlich kind of bet, on the future price of oil. He didn't respond. (See http://www.davidrhenderson.com/articles/0297_isthereanewdigital.html and... MORE

TSA: Totally Subjugating Americans

Regulation
David Henderson
I've been working on what TSA really stands for and the title above is the one I've narrowed in on. I'd be interested in hearing yours. A few developments. First, TSA has backed down on groping or taking nude pictures... MORE

TSA's Phony Choice

Politics and Economics
David Henderson
This is from an article in yesterday's Wall Street Journal. The "he" referred to is John Pistole. [Ayn Rand was accused of overdoing it when she used less-obvious names for villains.] "If you have two planes, one where people are... MORE

More on Fox News

Information Goods, Intellectual Property
David Henderson
Because I found Daniel Kuehn's latest comment on my previous post mainly on-target, but I also realize that many people don't read too far into the comments, I want to add this paragraph from another piece I wrote, "The Wayback... MORE

One and a Half Cheers for Fox News

Information Goods, Intellectual Property
David Henderson
Senator Jay Rockefeller made a splash Wednesday by suggesting that the Federal Communications Commission shut down the Fox News Channel and MSNBC. My guess is that he mentioned MSNBC because he wanted to sound equally oppressive of both left and... MORE

Heilbroner on Forced Labor

Labor Market
David Henderson
Bryan's various posts [here's one--the rest are easy to find with the Search function] on Eugene Richter's dystopian novel, Pictures of the Socialistic Future, persuaded me to read the book. I think Bryan nailed it in his Foreword in saying... MORE

Monetary Policy: Giving and Buying

Monetary Policy
David Henderson
In discussions of monetary policy, I've noticed that some discussants fail to note the distinction between giving and buying. A young colleague asked me recently: If you're trying to use monetary policy to increase aggregate demand, isn't it better to... MORE

Abolish the TSA

Central Planning vs. Local Knowledge
David Henderson
Art Carden has an excellent article on Forbes.com in which he advocates abolishing the TSA. I give a segment on this in my econ class when I discuss, at length, Hayek's "The Use of Knowledge in Society." How does Hayek's... MORE

I Agree: Budget Cutting is Easy

Fiscal Policy
David Henderson
Like Arnold and some of his commenters, I found it way easier than I thought it would be to cut the federal budget on the New York Times' interactive site. After I was done, the Times announced that I had... MORE

Bad Argument for the Fed

Monetary Policy
David Henderson
In a recent Slate article critical of returning to the gold standard, Christopher Beam writes: The creation of the Federal Reserve in 1913 didn't stop fiscal crises, of course, but it did a lot to reduce their damage. I'm not... MORE

My Big Fat Consumer Surplus

Cost-benefit Analysis
David Henderson
My original idea for this post was to share my intense happiness at getting my computer fixed quickly. Then I realized that what's really going on is that I got huge consumer surplus. I'll tell you my story and then... MORE

Public Choice for Children

Public Choice Theory
David Henderson
Out of the mouths of babes oft times come gems. In "Obama Visits a Nation that Knew Him as Barry," November 8, the New York Times, uncharacteristically given the subject, has a revealing story about an interaction between Barry Obama... MORE

In a recent article, Bob Murphy responds to my statement that counting the interest cost on the debt generated by war spending is not justified. I argued that it's double counting and that the initial outlay is the correct measure... MORE

The U.S. Postwar Miracle

Fiscal Policy
David Henderson
In the Encyclopedia, I wrote about the German economic miracle. In this piece, "The U.S. Postwar Miracle," just released by Mercatus, I write about the miracle that was right under our noses or, more exactly, right under our parents' and... MORE

Counterexample on Female Pathology

Cost-benefit Analysis
David Henderson
In an excellent post earlier today, co-blogger Arnold, discussing "Suits vs. Geeks" in the financial industry, writes: I don't think female executive minds are as capable of the same pathology. That's crying out for a counterexample. Here's mine. Listen to... MORE

Warren Nutter: A Reminiscence

Central Planning vs. Local Knowledge
David Henderson
Waking this morning and seeing co-blogger Bryan's excellent post on Warren Nutter led me to recall his importance in my intellectual life. In academic year 1970-71, I took a year off after graduating from college (in Canada, we said "graduating... MORE

Earl Long on Not Voting

Public Choice Theory
David Henderson
I have friends who refuse to vote because their vote doesn't matter. I understand that. I have friends who make voting a moral issue and say it's wrong to vote. I kind of understand that. But what I don't get... MORE

Me in The Economist

David Henderson
The latest Economist has an article that highlights, among other things, my recent piece for Mercatus on how the Canadian government turned around its budget mess in about 10 years from the mid-1990s to the mid-2000s. An excerpt from my... MORE

Boudreaux on Free Trade and Culture

International Trade
David Henderson
The wealth, freedom, and diverse experiences of a commercial culture liberate artists and educators both to be more creative and to cater to the demands of the general population. In a poor society in which only a small elite has... MORE

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