EconLog small logo

David Henderson: November 2012

An Author Archive by Month (28 entries)

Friday Night Video: Privatizing Everything

Economic Philosophy
David Henderson
UPDATE: I was wondering if anyone would catch the contradiction between what David says at about the 2:00 point and what he says at about the 5:30 point. Apparently no one did or at least no one who did bothered... MORE

Revealed Preference

Revealed Preference
David Henderson
"Nobody likes to pay taxes. Nobody wants to raise taxes on anybody." This is a quote from a newly elected Democratic congressman from Illinois named William L. Enyart. So, unless he considers himself a nobody, would he advocate raises on... MORE

My Election Outcomes: Final Update

Taxation
David Henderson
Or, Did I Optimize or What? I've posted a couple of times now (here and here) about a local election in Pacific Grove in which I took part. The proposal on the ballot, Measure A, would have imposed an added... MORE

Eliminating Conscription in Singapore

Labor Market
David Henderson
In response to co-blogger Bryan Caplan, John Smith argues that Singapore needs conscription. Here's where economics is really helpful: in helping us understand the distinction between how big a military to have and how to man a military. Smith argues... MORE

Voting, Public Goods, and Free Riders

Public Goods
David Henderson
John C. Goodman has an insightful and relatively short post this morning making the case for voting even when you're virtually positive that doing so won't change the outcome of an election. It reminded me of something I wrote in... MORE

DeLong on Obamacare

Economics of Health Care
David Henderson
Categorize this in the "I wish Brad had asked these questions in 2009" file. In a recent post, Brad DeLong sounds like Obamacare critic and health economist John C. Goodman. Here's an excerpt: But Massachusetts has been walking down this... MORE

Arnold Kling's New Blog

Upcoming Events
David Henderson
Many of the visitors to this blog were disappointed when Arnold Kling stopped blogging in August, actually three months ago today. This blog owes a lot to Arnold: he started Econlog under a different name. The good news for Arnold's... MORE

My Election Outcomes: An Update

Public Choice Theory
David Henderson
The day after November's election, I posted on my bets and on the results on a local tax increase referendum. Here's what I wrote on the local tax increase: A friend and retired lawyer, Carl Mounteer, and I wrote the... MORE

Krugman on Scientific Method

Economic Methods
David Henderson
Some of Paul Krugman's best posts are on scientific method, specifically, how do you judge a theory. One of his posts today is beautiful, or, more correctly, would have been beautiful had he dropped the last line. In that line,... MORE

Prosecutorial Persecution

Regulation
David Henderson
Broadcom co-founder Henry Samueli, a Silicon Valley legend, refused to testify for the prosecution and had strong evidence that he could offer Ruehle. But he, too, had been bludgeoned into pleading guilty to a minor felony and so refused to... MORE

Business Accountability: Good and In-Between

Business Economics
David Henderson
I've had two experiences in the last few weeks in which one business was incredibly accountable and one business was reasonably accountable although its employee was so-so. The good story first. I was traveling home from Miami to Monterey on... MORE

One advantage the United States has that Canada didn't is low interest rates. Interest rates today are much lower than when the Canadian government altered course. The yield on the ten-year Treasury bond in late June 2010, for example, was... MORE

It's not Go Galt: It's Go to Texas. As I have noted before, the Laffer Curve--the curve that relates tax revenues to tax rates--must be correct. The relevant question is where we are on the Laffer Curve. Are we on... MORE

John Kay on Manufacturing Fetish

Human Capital: Returns to entrepreneurs, skills, etc.
David Henderson
UPDATE BELOW The rear cover of the iPhone tells you it is designed in California and assembled in China. The phone sells, in the absence of carrier subsidy, for about $700. Purchased components - clever pieces of design such as... MORE

Friedman on Immigration History

Labor Mobility, Immigration, Outsourcing
David Henderson
Correction below. Did the United States begin in 1875? A little checking turned up the following information: 1. Ellis Island was only established as a federal immigration point--the first such--in 1890. 2. The first federal restrictions on immigration were passed... MORE

The Coming Tax Increases

Fiscal Policy
David Henderson
Remember when critics of the Romney tax plan claimed that under his plan, the middle class would face tax increases of about 2,000 per family? [Here's just one of many examples.] Well, unless state and local government plans for their... MORE

Center Libertarian?

Public Choice Theory
David Henderson
For years, conservative commentators on the Fox News Channel and elsewhere have said that the United States is a "center right" country. They seem to say it more insistently when the voters elect a left-wing Democrat as President. But James... MORE

Coming ObamaCare Challenges

Economics of Health Care
David Henderson
John Goodman had an excellent post yesterday discussing the coming challenges in implementing the Affordable Care Act. One of his major points is that the Affordable Care Act makes health insurance less affordable: Adding to the problem is that the... MORE

My Veterans Day Tribute

Economic History
David Henderson
Every Veterans Day, I try to do something special to remember or honor a veteran. I don't like the standard flag-waving event that this day has become for many people. In many Veterans Day speeches, the speakers talk about the... MORE

Romney's Get out the Vote Epic Fail

Public Choice Theory
David Henderson
It's easy to point fingers after a loss and I wouldn't normally do it, but consider what happened. Project Orca was supposed to enable poll watchers to record voter names on their smartphones, by listening for names as voters checked... MORE

Barack Beane Obama

Public Choice Theory
David Henderson
One of my favorite books of the last decade was Michael Lewis's Moneyball. It's about how Oakland A's general manager Billy Beane used statistical analysis to offset the advantage of more heavily funded teams and make his small-market team into... MORE

My Election Outcomes

Public Choice Theory
David Henderson
One winning bet, three losing bets, and one election won. First, my winning bet. In July, I bet a local prominent Republican, Peter Newman, $50 that Obama would be re-elected. Second, my three losing bets. 1. Last week, I bet... MORE

FDA Breaks Its Own Regulations

Regulation
David Henderson
Most people believe that the FDA needs to ensure that the medicines we Americans consume have been proven to be safe and effective long before we ever get a chance to use them. Yet the Makena story gives us a... MORE

Tim Taylor on Minimum Wage Increase

Labor Market
David Henderson
Tim Taylor, aka, the Conversable Economist, has a good post on the minimum wage. He makes one crucial error, though. Quoting from his own book, he writes: Here's an insight for opponents of a higher minimum wage to mull over:... MORE

Woodrow Wilson's Public Choice

Public Choice Theory
David Henderson
At a Liberty Fund conference I just finished up in Miami, in our book of readings was the following quote: The best rulers are always those to whom great power is interested . . . . It is, therefore, manifestly... MORE

Spontaneous Order in New York City

Central Planning vs. Local Knowledge
David Henderson
The traffic in the blackout areas of Manhattan is lawless in the most literal sense: the traffic lights aren't working, so the law cannot be applied as usual. But "lawless" doesn't seem to be a fitting description; the driving seems... MORE

TSA: A Slight Glimmer of Hope

Regulation
David Henderson
And please, don't tell me in the comments how I'm making a big deal about this: I'm making a small deal. I report bad things; I also like to report good things, even slightly good things. I fly out of... MORE

Henderson on Stossel

Upcoming Events
David Henderson
I was supposed to go to New York earlier this week to tape a segment for John Stossel's show on Fox Business Network. Obviously, that didn't happen. So I did it from the Stanford studio on Wednesday. The other person... MORE

Return to top