Radley Balko has an article on the FOXNews site about politicians trying to look like they're doing something about high gas prices. I agree with his basic premise, which is that high has prices are mostly the result of natural market forces and that any attempt to fiddle with them is likely to cause more harm than good. That's sound economics. An important exception arises … [Read more...] about Cartelization of the Gasoline Market?
Economics
About Those Hawaiian Gas Price Caps…
Back in August, I told you that Hawaii was attempting to cap the price of gasoline, but that they were making a very bad mistake by capping the wholesale price. Instead of reducing the price at the pump, this would raise it, for reasons I explained in the article. I was a little nervous about writing that because I'm strictly an amateur at economics: I just read a lot of … [Read more...] about About Those Hawaiian Gas Price Caps…
Economics of Public Interest Law Schooling
Blonde Justice is giving advice to prospective law students on finding good public interest law schools: I'm certainly not saying you can't go to Stanford, Yale, or Harvard and work in public interest. You can, and people do. I'm sure that there's not a law school in the country that hasn't produced at least one public interest lawyer, or that wouldn't tell you on your tour … [Read more...] about Economics of Public Interest Law Schooling
Do What You Love
Philipp Lenssen links to an article by Paul Graham on How to Do What You Love. It's about finding and doing work you enjoy. I'm all for that. The whole reason for taking a job is to earn money to spend on things that make you happy. So if you've found a job that makes you happy, it's like getting paid more. People who get paid more are usually willing to work longer and … [Read more...] about Do What You Love
Why Not Subsidize a Gigantic Corporation?
On the LLP mailing list, Josh Kelly writes: Does artificial government support of select industries (subsidization) lead to net economic gain on either a local, state, or federal level? I'm engaged with a friend over this issue, and while I don't believe that any economic gain is incurred, he countered that with subsidization of an auto plant, the economy is stimulated in that … [Read more...] about Why Not Subsidize a Gigantic Corporation?