To my co-blogger Ken: I haven't seen you in a while, so we haven't had time to talk about any of the usual stuff, therefore I'm taking this opportunity to submit a modest proposal for your consideration. As you know, one of the areas where we disagree about economics issues is the subject of the efficient market hypothesis. I tend to believe those economists who say that the … [Read more...] about The Big Short, and a Modest Proposal
Economics
Making Lawyers Pay
There's one bad policy pattern that politicians tend to repeat over and over, and according to Nathan Koppel at the Wall Street Journal, this time they're inflicting it on lawyers: The Mississippi Supreme Court is considering a proposed rule to require lawyers in the state to provide at least 20 hours of pro bono work. The rule has been proposed to try to help the thousands of … [Read more...] about Making Lawyers Pay
The Rational Optimist
This is an ad for a book, but it's also pretty much my take on the human condition. Despite all the complaining on this blog, I really am something of an optimist. … [Read more...] about The Rational Optimist
Economics Rap Duel
I don't know if you'll learn anything new from this, but for its format it's a pretty accurate summary of the economic debate: (Hat tip: Radley Balko. … [Read more...] about Economics Rap Duel
Gross National Happiness in Bhutan
Over at Popehat, blogger Ezra has a suggestion for future awards of the Nobel Peace Prize: I submit that the prize be awarded each year in perpituity to the nation of Bhutan. In 1972 their king uttered the simple phrase "Gross National Happiness is more important than Gross Domestic Product." Since then, Bhutan has systematically and doggedly worked towards increasing the … [Read more...] about Gross National Happiness in Bhutan