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David Henderson: February 2018

An Author Archive by Month (25 entries)

A Balanced View of Trump

Public Choice Theory
David Henderson
I rarely find a balanced view of Trump. I gave one about a month ago. I've now found another. Here's Richard Brookhiser on what William F. Buckley, Jr. thought of Trump: Buckley wrote about Trump the politician once, in an... MORE

Reminder: Talk at Webber International University

Upcoming Events
David Henderson
I will be speaking on Thursday at 7:00 p.m. at Webber International University, Babson Park, Florida. Topic: Economic Inequality: Popular Misunderstandings and Important Facts Place: Yentes Conference Center 1201 N Scenic Hwy Babson Park, FL 33827 If you're an EconLog... MORE

Henderson on Economic Inequality

Income Distribution
David Henderson
[L]et us consider two historical figures of twentieth-century American history. The first came to prominence in the late 1940s, when he invented a light one-man chainsaw, and sold more than 100,000 of them at a price that made him... MORE

I LOVE the Olympics

Competition
David Henderson
I've heard many people on Facebook and elsewhere talk about how politicized the 2018 Olympics are. In this case, though, I think politics is in the eye of the beholder. Sure, I thought that Mike Pence had incredibly bad manners... MORE

On Thursday, February 22, I'll be giving an evening talk at Webber International University in Babson Park, Florida. Topic: Economic Inequality Time: 7:00 p.m. Place: Yentes Conference Center 1201 N Scenic Hwy Babson Park, FL 33827 If you're an EconLog... MORE

Posner and Weyl on Sponsoring Immigrants

Labor Mobility, Immigration, Outsourcing
David Henderson
University of Chicago professor Eric Posner and Microsoft employee Glen Weyl wrote last week about their intriguing proposal for immigration. It's titled "Sponsor An Immigrant Yourself," Politico, February 13, 2018. I like parts of it but I don't totally understand... MORE

Hurray for the Imminent End of Polio

Economics of Health Care
David Henderson
More remarkably, the disease that was once a global scourge -- a thief of childhood everywhere -- has been all but eradicated from the earth. This year could see its complete disappearance outside of virus labs, experts say. This is... MORE

Henderson and Furman on Kudlow

Fiscal Policy
David Henderson
My Wall Street Journal piece last Friday led to an invite to be on the Larry Kudlow show. I didn't know until I got on that I would be up against Jason Furman, former chairman of the Council of Economic... MORE

The Tragedy of Modern Academia

Incentives
David Henderson
Alternate title: Don Boudreaux explains my motivation in two paragraphs. Academic journals are the place to hash out new ideas, to note exceptions to established ideas, and to see how well or how poorly different ideas explain different slices of... MORE

Perspective on Yellen

Monetary Policy
David Henderson
Donna Borak of CNN Money interviewed me early in February for her piece on outgoing Federal Reserve chair Janet Yellen.The piece is "Yellen's historic legacy: Wise caution and a successful recovery," CNN Money, February 3, 2018. Here's the one sentence... MORE

Why Bryan Caplan Won His Gasoline Bet

Energy, Environment, Resources
David Henderson
For some reason, I didn't know about co-blogger Bryan Caplan's bet about gasoline prices with Tyler Cowen, but if I had, I would have taken his side of the bet. Here's why. Notice Tyler's argument, in Bryan's words: Why was... MORE

Caligula's Wish

Liberty
David Henderson
It was the spring of 1960, and a group of military officers had just seized control of the government and the national media, imposing an information blackout to suppress the coordination of any threats to their coup. But inconveniently... MORE

Economics Everywhere Even in Sports

sports economics
David Henderson
Early February in even years not divisible by 4 is one of my favorite times. First, the AT&T golf tournament is here and, although I'm not a big fan of golf (cue Mark Twain), I get to see gorgeous... MORE

The Tea Party is Dead

Public Choice Theory
David Henderson
"It has finally happened: The Tea Party is dead." So writes Matt Kibbe, one of the original organizers of the Tea Party, in "The Tea Party Is Officially Dead. It Was Killed By Partisan Politics." Reason, February 11. Matt... MORE

We're Number 17

Liberty
David Henderson
Last year the Cato Institute, along with the Fraser Institute and the Liberales Institut at the Friedrich Naumann Foundation for Freedom, published the Human Freedom Index 2017. In it, the authors, Ian Vasquez and Tanja Porcnki, assign scores to... MORE

Oxfam or Oxgov?

Income Distribution
David Henderson
There are two ways to close the gap [between rich and poor]. The first is to concentrate on making the poor better off. Mostly that has happened, thanks to liberalized international trade and reduced costs for shipping goods. Just as... MORE

Richer than Rockefeller?

Finance
David Henderson
I gave a talk late yesterday afternoon at the branch of the Osher Lifelong Learning Institute operated by California State University, Monterey Bay. Thanks to Michele Crompton and her very competent aide, Leslie. The topic was Economic Inequality: Popular... MORE

Benzarti estimates the perceived compliance costs to tax filers by computing whether there were "too few" taxpayers with itemized deductions slightly greater than the standard deduction threshold. Taxpayers who might save a few dollars by itemizing might decide that... MORE

The growth of the "gig" economy generates worker flexibility that, some have speculated, will favor women. We explore one facet of the gig economy by examining labor supply choices and earnings among more than a million rideshare drivers on... MORE

Henderson on BBC Newsday

David Henderson
I will be on BBC Newsday tonight at 10:06 PST live. That's 6:06 a.m. tomorrow London time. Topic: Drop in stock prices.... MORE

Southern Blacks Voted With Their Feet

Public Choice Theory
David Henderson
Millions of black people in the Jim Crow South were prevented from voting. That's the bad news. Fortunately, there's some good news. They were able to vote with their feet and millions of them did. In doing so, they... MORE

An Immigration Puzzle Solved

Labor Mobility, Immigration, Outsourcing
David Henderson
Of immigration and partial derivatives. To the surprise of some, the Republican Congress largely supports Trump's restrictionist approach to immigration. Apparently Republicans are favoring their nativist base over their traditional allies in business. Why? The Republican Party has long been... MORE

Could Driverless Trucks Create More Trucking Jobs?

Growth: Causal Factors
David Henderson
Answer: Maybe and even if they don't, it doesn't matter much. Timothy Taylor, aka The Conversable Economist, has an excellent post in which he reports on another study about whether driverless trucks could create more trucking jobs. I'll quote... MORE

Good News on the Economy

Regulation
David Henderson
The job numbers are out today and they show that 200,000 jobs were added in January. That's good. Even better is that 164,000 of those jobs--over 80%-- were on private nonfarm payrolls. Iain Murray at Competitive Enterprise Institute celebrates the... MORE

Government Innumeracy

Regulation
David Henderson
This week we've seen a striking example of government innumeracy that has a good chance of badly affecting government policy. The Food and Drug Administration wants manufacturers to package their medications in smaller quantities, such as eight tablets per package.... MORE

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