Bryan Caplan, David Henderson, and Arnold Kling

David Henderson: December 2010

An Author Archive by Month (29 entries)
On both of Arnold's points (see "Where I Differ with Some Libertarians,") I agree somewhat with Arnold and disagree somewhat. In this post, I focus on his point #1 about libertarians and foreign policy. Like Arnold and unlike Bryan, I... MORE

Econlog Makes WSJ's Top List

Economic Education
David Henderson
Arnold Kling and Bryan Caplan at Econlog are also very good for a libertarian-inclined view of the economic world. This is from Alen Mattich, "The Best Economics Blogs," Wall Street Journal, December 30. He omits my name. Of course, there... MORE

Americans who have the means should refuse to surrender to Senate Republicans. We should act, together, to give back our Bush tax cuts, by making donations to organizations that promote fairness, economic growth, and a vibrant middle class. GiveItBackforJobs enables... MORE

Bank Regulation Boosts Payday Lending

Finance
David Henderson
Payday lenders like Advance America are pushing hard to lure away customers from traditional banks. The effort is getting a boost from the industry's loan crunch, especially for borrowers with blemished credit, and toughened regulation of fees and interest rates... MORE

Alfred Kahn, RIP

Regulation
David Henderson
Alfred Kahn, the Cornell University economist who, as head of the Civil Aeronautics Board, got airline deregulation moving, died yesterday. I won't try to tell you what you can get from the various news stories today. Instead, I'll tell you... MORE

Unintended Consequences of Mandated Mental Health Parity

Economics of Health Care
David Henderson
Members of the Screen Actors Guild recently read in their health plan's newsletter that, beginning in January, almost 12,000 of its participants will lose access to treatment for mental-health and substance-abuse issues. The guild's health plan represents one of a... MORE

Krugman Misstates Dickens's Point

Politics and Economics
David Henderson
Anyway, instead of praising Scrooge for his principled stand against the welfare state, Charles Dickens makes him out to be some kind of bad guy. How leftist is that? This is from Paul Krugman's column, "The Humbug Express," in the... MORE

The Other Problems with Roy Beck on Immigration

Labor Mobility, Immigration, Outsourcing
David Henderson
"You should have 2 servants and I should have 8." In my previous post on Roy Beck's dramatic use of gumballs to make a numerate point about immigration, I focused on the fact that, contra Beck, making one million people... MORE

Julian Simon and I vs. Paul Krugman

Economic History
David Henderson
The two economists [Krugman and Simon] appeared in different ways. Krugman wrote a deeply, though unintentionally, ironic article titled "Why most economists' predictions are wrong," filled with predictions that were... mostly wrong. Simon, sadly, had just passed away and so... MORE

The Best Analogy I've Read This Month

Information Goods, Intellectual Property
David Henderson
Consequently, the entire discussion based on what would happen if all journals forced all papers through the no revisions process is misguided; it is like saying that Taco Bell should not exist because it would be a bad thing if... MORE

John Papola on Behavioral Economics

Behavioral Economics and Rationality
David Henderson
Here is the most succinct criticism I have heard of many of the public-policy views of those who embrace behavioral economics: Why in the world do behavioral economists who study our flaws and irrational quirks advocate centralized power in the... MORE

When Numeracy Misleads

Labor Mobility, Immigration, Outsourcing
David Henderson
Are you indifferent as to whether Oskar Schindler lived? In every course I teach, I do about a 45-minute segment on numeracy. Numeracy is one of the things I find lacking in people who fall for a lot of politicians'... MORE

Wilson vs. Debs

Politics and Economics
David Henderson
Two other things are important to add to Bryan's story about Woodrow Wilson's reprehensible treatment of Eugene V. Debs. 1. Bryan points out that Debs ran for president on the Socialist Party ticket in 1912. His Democratic opponent? Woodrow Wilson,... MORE

Rena Henderson on the FDA

Regulation
David Henderson
My wife, Rena Henderson, is a cancer survivor who follows the FDA more than most. A local lawyer, Neil Shapiro, has a regular column in our local newspaper, the Monterey Herald, and it's usually quite good. However, in his most... MORE

My Review of Hubbard and Navarro

Energy, Environment, Resources
David Henderson
From "Good on Taxes, Bad on Trade," my review of Glenn Hubbard's and Peter Navarro's book, Seeds of Destruction in the latest Policy Review: The strongest chapter, by far, is the one titled, "Why You Can't Stimulate Your Way to... MORE

Goodman on Wealth

Income Distribution
David Henderson
I think I can safely say that I have never met a person in an ordinary walk of life who complained about society's distribution of income. I've never heard a normal person say the world would be better off per... MORE

My Reviews of Rajan and Kotlikoff

Finance
David Henderson
The latest issue of Regulation magazine carries my joint review of Fault Lines by Raghuram Rajan and Jimmy Stewart is Dead by Larry Kotlikoff. Excerpts from the section on Rajan's Fault Lines: When he sticks to what he knows best--international... MORE

Goldsmith and Friedman on WikiLeaks

Central Planning vs. Local Knowledge
David Henderson
If I were being provocative, I would have titled this, "Does Bill Kristol Think the U.S. Government Should Murder Bob Woodward or Bill Keller?" My Hoover colleague, Jack Goldsmith, a Harvard Law professor, has written an excellent post on WikiLeaks.... MORE

Has the Word "Conspiracy" Lost Its Meaning?

Monetary Policy
David Henderson
In an excellent analytic post on Frederic Mishkin's money textbook, Scott Sumner wonders about Mishkin's motives in giving an incorrect Aggregate Demand curve and in dropping a question that had been in the previous edition about the effect of the... MORE

Miron and McArdle on WikiLeaks

Information Goods, Intellectual Property
David Henderson
On his show this Sunday on Fox Business, John Stossel had as panelists David Boaz, Jeff Miron, Larry Elder, and Megan McArdle. They handled most of the issues beautifully. But there was one clearcut exception: WikiLeaks. Jeff Miron said that... MORE

Raico on Howe and Trotsky

Labor Market
David Henderson
[Irving] Howe ends by saying of Trotsky that "the example of his energy and heroism is likely to grip the imagination of generations to come," adding that, "even those of us who cannot heed his word may recognize that Leon... MORE

Raico on the Lop-Sided Treatment of Mass Murderers

Politics and Economics
David Henderson
Pointing to Communist crimes is not meant to "trivialize" the destruction of European Jewry, nor can it do so. The massacre of the Jews was one of the worst things that ever happened. But even supposing that it was the... MORE

Benjamin or Benny?

Money
David Henderson
I don't get to see $100 bills very often and so I've never paid attention to the picture of Ben Franklin on it. But the controversy about the U.S. government messing up on $100 bills got me looking more closely.... MORE

The Stimulus Worked, Kind of

Fiscal Policy
David Henderson
As Arnold Kling has already pointed out, my Hoover colleagues John Cogan and John Taylor have an op/ed in today's Wall Street Journal (or look here on John Taylor's blog) pointing out that the state and local governments that got... MORE

If You (Insurers) Pay, They (Docs) Will Charge

Economics of Health Care
David Henderson
John Goodman has an excellent post today on "Value Purchasing" in which he deals with the issue of "dumb payment systems." In the comments, his health economist colleague, Devon Herrick, points to a striking divergence. Herrick looked at rates of... MORE

My Capitol Hill Talk on Budget Cutting

Fiscal Policy
David Henderson
Yesterday I gave a talk on Capitol Hill for Mercatus's Capitol Hill College. The talk is based on my two studies for Mercatus, Canada's Budget Triumph and The U.S. Postwar Miracle. Mercatus is fast: the talk is already on line... MORE

The Amazon Boycott: Blaming a Victim

Business Economics
David Henderson
Antiwar.com, where I write a monthly column, has decided to boycott Amazon. Their reason is that Amazon banished WikiLeaks from its servers shortly after a staffer at the U.S. Homeland Security and Governmental Affairs Committee, chaired by Senator Joe Lieberman,... MORE

The Conquest of United States by Militant Islam

Property Rights
David Henderson
In my article in the most-recent Freeman, I use an approach used by William Graham Sumner in his classic article, "The Conquest of United States by Spain." Here are excerpts: Something similar may be happening in the United States, not... MORE

Reagan's Medicare Bill

Economics of Health Care
David Henderson
A health care bill to expand Medicare and increase taxes to pay for it passes both the House of Representatives and the U.S. Senate by wide margins and is signed by the President. Most people who are paying attention think... MORE

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