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David Henderson: April 2011

An Author Archive by Month (22 entries)

Keynes v. Hayek, Round 2

Central Planning vs. Local Knowledge
David Henderson
I'll try to hit highlights that other people haven't mentioned (much) on the latest video by John Papola and Russ Roberts. Big picture, though: I think it's even better than the first one, both in content and in "production values."... MORE

Greider's Ad Hominem

Finance
David Henderson
Examples of clearcut ad hominems, I've found, are rarer than I thought before I started looking for them. On closer inspection, most ad hominem arguments have a trace of logic or reason, however weak, that accompany them. But William Greider's... MORE

Marginal vs. Average Tax Rates

Taxation
David Henderson
From Anthony R. Palmer, M.D.'s letter in the April 26 Wall Street Journal: I got out my calculator and found that the President and Mrs. Obama paid 26.6% and Vice President and Mrs. Biden paid 22.8% of their adjusted gross... MORE

Robert Solow on Sustainability

Energy, Environment, Resources
David Henderson
In the comments on my post on sustainability, commenter Bill referenced a talk by Bob Solow in 1991. It's quintessential Solow. The talk has his trademark sense of humor and his trademark clarity. A few of his points: 1. Like... MORE

Think on the Margin

Taxation
David Henderson
Donald Trump's potential candidacy for President reminds me of a proposal he made in 1999 and Bruce Bartlett's analysis of his proposal in the Wall Street Journal. Trump had proposed a one-time 14.25% net-worth tax on those with a net... MORE

Jail a Policeman?

Economics of Crime
David Henderson
In his recent post on pacifism, co-blogger Bryan cites an earlier post on the same issue. He wrote: Even if militaries don't deliberately target innocent bystanders, they almost always wind up recklessly endangering their lives. If a policeman fought crime... MORE

Reply to Aeon Skoble

Economic Philosophy
David Henderson
Like Aeon Skoble, I think my co-blogger Bryan Caplan has overstated the case for pacifism and against defensive war. Also, in his article to which he linked, Professor Skoble makes some important distinctions that libertarians sometimes fail to make and... MORE

David Friedman on "Sustainability"

Energy, Environment, Resources
David Henderson
As I mentioned in an earlier post, my university is big on "sustainability;" it has just been having an extended event designed to boost the idea. I responded to an email urging faculty members to introduce sustainability into one of... MORE

The Uneasy Case for Progressive Taxation

Taxation
David Henderson
I posted on David Cay Johnston's article on taxation recently. I appreciate his acceptance of my apology and his willingness to discuss the issues. In his comment on another comment by Joe Barnett, Mr. Johnston defends "progressive" taxation, that is... MORE

Mail Delivery: Drop Saturday or?

Business Economics
David Henderson
. . . Wednesday. I gave a talk at Hoover Institution's retreat yesterday and in the Q&A, someone suggested cutting government spending by cutting Saturday mail delivery. After my talk ended, a woman came up and said that she thought... MORE

Mercantilism, "Chopsticks" and Otherwise

Labor Market
David Henderson
Last week at the APEE meetings in Nassau, I saw economist George Ayittey give a talk on why most African economies are in such sad shape. He blamed the things free-market oriented economists tend to blame: foreign aid, the absence... MORE

David Cay Johnston Plays with the Facts

Taxation
David Henderson
In the latest issue of our local left-wing weekly, the Monterey County Weekly, David Cay Johnston has an article, "Tax Facts Hardly Anyone Knows." He lists and discusses 9 purported tax facts. Many of them are right. But I want... MORE

Finally, Some Justice

Central Planning vs. Local Knowledge
David Henderson
President Obama recently complained about the technological backwardness of the White House. According to news reports, he said: "The Oval Office, I always thought I was going to have really cool phones and stuff. I'm like, c'mon guys, I'm the... MORE

In his post yesterday, Arnold stated, "I want to know what his [Greenspan's] great deregulatory accomplishments were." He also sees Brooksley Born as "a typical bureaucratic empire-builder." Greenspan did deregulate something--more on that in a minute--but on the issue Arnold... MORE

Garett Jones on IQ and Economic Growth

Growth: Causal Factors
David Henderson
I'm at the same APEE meetings in Nassau that Arnold's at and I saw another paper presented by Garett Jones. It was titled "A Political Coase Theorem for the Intelligent." It was on how high-IQ pairs in experimental games do... MORE

Child Labor vs. Child Slavery

Labor Market
David Henderson
In his comment on my post on child labor, Ryan Chamberlain argues against child labor, emphasizing child slavery, as if I had advocated child slavery. This is truly strange, given that I wrote: In other words, school goes beyond child... MORE

Anti-Child Labor or Anti-Market?

Labor Market
David Henderson
Robin Hanson has an excellent post on child labor that co-blogger Bryan Caplan has cited. I think Robin doesn't go far enough, though, in one respect. He points out that tiger moms often force their kids to do things that,... MORE

Joseph Keckeissen, 1925-2011, RIP

Labor Mobility, Immigration, Outsourcing
David Henderson
I just learned that Josepk Keckeissen, an economics professor at Francisco Marroquin University in Guatemala, has died. I had the pleasure of meeting him at the Mont Pelerin Society meetings in Guatemala in November 2006. He had a spark in... MORE

Mercantilism Lives

International Trade
David Henderson
They're baaaack. Mercantilists, that is. Charles Hooper writes: Whether they realize it or not, many modern politicians of various stripes are mercantilists. Just watch the news and you'll see those in our government and in the media expressing predominantly mercantilist... MORE

A Problem With Minimum Requirements

Central Planning vs. Local Knowledge
David Henderson
"To rely upon a reserve requirement for the meeting of cash-withdrawal demands of banks' customers is analogous to trying to protect a community from fire by requiring that a large water tank be kept full at all times: the water... MORE

Notes on Kauffman Bloggers Forum

Economics of Health Care
David Henderson
I watched live almost all of each morning presentation today. Some highlights: 1. Ben Wildavsky's point that when talent moves from country to country and back, it's not a brain drain. He had another good expression that I forgot to... MORE

John Goodman on Medicaid

Economics of Health Care
David Henderson
Economics teaches that people reveal their preferences through their actions. If people act as though they are indifferent between being uninsured and being on Medicaid, we may infer they are equally well off in both states of the world from... MORE

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