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David Henderson: August 2012

An Author Archive by Month (24 entries)

"You Didn't Build That"

Human Capital: Returns to entrepreneurs, skills, etc.
David Henderson
I just read the best thing I've read so far on Obama's now-famous line, "You didn't build that." It's by Rachael Larimore, the managing editor of Slate. I recommend that you read the whole thing. I think she's put her... MORE

Conard on Trade and the Trade Deficit

International Trade
David Henderson
I'm working on a book review of Edward Conard's book, Unintended Consequences. I'm over half way through the book and, although there are a few cryptic passages, when he's good, he's very, very good. And he's often good. I hate... MORE

DeLong vs. Feldstein on Romney Tax Cuts

Taxation
David Henderson
I know that there are not a lot of Brad DeLong fans who read this blog. I'm not one either. But when someone gives a good analysis, I tip my hat. If I understand the analysis of Marty Feldstein (my... MORE

Thoughts on Dickens

Economic Philosophy
David Henderson
Bill, that is, not Charles. Both co-blogger Bryan (here) and many of his commenters (here and here) have done a nice job of handling Bill Dickens' major criticisms of Bryan's views on poverty and the poor. I have a few... MORE

Household Incomes Declined During Recovery

Income Distribution
David Henderson
My guess is that many readers have already seen the articles and blog posts about the study of household incomes done by a firm named Sentier Research. Here's a sample post. The study shows that real median household income declined... MORE

Gains from Exchange

Economic Education
David Henderson
Last month I received this e-mail from a student I taught in the Spring quarter at the Naval Postgraduate School: Today my [deleted so as not to identify the instructor] instructor pointed out that there was a transfer of wealth... MORE

U.S. Federal Budget Cuts in the 1990s

Fiscal Policy
David Henderson
The Untold Story that Needs to Be Told I've referred on this blog a number of times to "Canada's Budget Triumph," my 2010 study for Mercatus on the successful budget cuts the Canadian government undertook from 1994 to the early... MORE

The Auto Boom: Healthier Economy or CAFE?

Regulation
David Henderson
In a post yesterday, Mark J. Perry writes: Based on new vehicle sales during the first 16 selling days of this month, J.D. Power and Associates is predicting sales during the full month of August to increase by 20% over... MORE

When I talk about my work for Mercatus on the post-World War II economic boom, one of the responses I often get is that a major reason is the fact that European economies were devastated and, therefore, the U.S. economy... MORE

Goolsbee on Romney's Tax and Budget Plans

Fiscal Policy
David Henderson
Hard to know, then, if the wider public noticed the spat over a nonpartisan budget think tank's finding that for Mitt Romney's tax plan to avoid increasing the deficit, it would need to raise taxes significantly on the middle class.... MORE

Jenkins on CAFE and GM

Regulation
David Henderson
Holman Jenkins has hit a home run with his analysis in today's Wall Street Journal of the CAFE (Corporate Average Fuel Economy) mess. It's titled "GM Faces Its Own Regulatory Cliff." I've written about this here, here, here, and here.... MORE

Failure to Arbitrage: Gasoline Markets

Energy, Environment, Resources
David Henderson
Andrew P. Morriss and Donald J. Boudreaux have an excellent piece in today's Wall Street Journal, which, by the way, has several excellent pieces. (More on that in posts later today.) It's titled "A Coca-Cola Solution to High Gas Prices."... MORE

Hans Rosling and the Washing Machine

Growth: Consequences
David Henderson
Here's a fantastic 9-minute video by Hans Rosling on how the washing machine revolutionized living standards. A personal note: I returned on Saturday from my cottage in Minaki, Canada. My grandfather built it in 1922 when he was 67 years... MORE

Yglesias's Off-Target Critique of Caplan and Bastiat

International Trade
David Henderson
In a critique of both Bryan Caplan and Frederic Bastiat, Matt Yglesias badly misses his target. First, on Caplan, Yglesias writes: in a second and much worse post, he kind of posits a broad conspiracy theory as the reason. But... MORE

Nizer on Fascism and Communism

Economic Philosophy
David Henderson
I didn't know that I would generate such discussion with my previous post about Ethel Rosenberg. Just to clear things up, Bryan Caplan's comment is, of course, right. He was referring to the socialist movement, not individuals, as being "born... MORE

Ethel Rosenberg: Born Bad?

Economic Philosophy
David Henderson
In a number of posts, co-blogger Bryan Caplan has argued that many socialists are "born bad." I can't find the references quickly: I'm on a friend's computer and it just isn't working the way mine does. Of course, I don't... MORE

Harry Byrd on Keynesianism

Macroeconomics
David Henderson
When I'm at my cottage in Canada, as I am now, I do a lot of reading. I just finished Robert Caro's new book, The Years of Lyndon Johnson: The Passage of Power. It's good, but for those with limited... MORE

Thoughts on Second Language

Cost-benefit Analysis
David Henderson
Like Bryan Caplan, I think that most investment in learning a second language is a waste. Yes, I've benefited, when traveling abroad, by knowing some French (learned from 8th grade through 12th grade plus first year of college, all in... MORE

In a recent e-mail alerting me to an important 2011 piece by Alan Greenspan that I somehow had missed ("Activism," International Finance 14:1, 2011: pp. 165-182), Jeff Hummel writes the following: One of the unusual features of the current recession... MORE

China's Economic Growth

Central Planning vs. Local Knowledge
David Henderson
The spontaneous reforms in agriculture meant that new supplies of food products needed markets and that markets needed infrastructure. Rural dwellers created a private trade network, and, within one year, most state food stores were out of business. Rural entrepreneurs... MORE

Getting Rich in America

Finance
David Henderson
Sometimes, when the person beside me on an airplane finds out that I'm an economist, he/she will ask, "What's going to happen to the economy?" I answer, "I don't know." If the person is somewhat more sophisticated, he will ask... MORE

Friday Night Video: Henderson on His Case for Freedom

Economic Philosophy
David Henderson
HT to LibertyPen.... MORE

Are You Asking or Telling?

Economic Methods
David Henderson
I had a smart aleck friend in high school, Jack McKay, who, when a teacher ordered us to go to the principal, whispered "Are you asking or telling?" I laughed out loud and, if I recall, got in deeper trouble.... MORE

Gillespie and de Rugy on Generational Warfare

Social Security
David Henderson
I get some of my best uninterrupted reading done on long flights and on a recent flight I read the latest issue of Reason magazine (August/September) cover to cover. It's excellent. I found virtually every article valuable. The highlight was... MORE

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