Archive for January, 2010

Jan29th2010

Obama The Debater

Obama gave a speech and responded to questions at the House Republican retreat in Baltimore. See the full video on C-Span here. The transcript can be found here.
I disagree with Obama on many things. Alot of which he discussed in this video. But it is clear from the dialogue that Obama has a far better […]

Jan29th2010

Correcting Obama On The Recent Supreme Court Decision

I assume that Obama’s comments about the recent Supreme Court ruling were meant to be intentionally misleading and/or inaccurate in order to score political points. After all, Obama is a constitutional lawyer who knows better.
Nevertheless, to kill some of the rumors going around, here are some further clarifications on why Alito was correct in his […]

Jan28th2010

Origin Of The Minimum Wage In The United States

Economist David Henderson explains:
Proponents of the minimum wage, when it was legislated in 1938, were disproportionately from Northeastern high-wage states where a minimum wage would be binding only on a very small segment of the labor force. They used it to narrow the differential in wages between the Northeastern states and the Southeastern states, where […]

Jan27th2010

Quote Of The Day

“At the risk of rambling on redundantly, I want to stress one thing about my attitude toward the Citizens United case: We’ve been focusing on this question of “corporate personhood” because that’s the legal frame we’ve been handed, but it’s pretty much irrelevant to my thinking about this question. The root conviction here is just […]

Jan26th2010

Explaining The Supreme Courts Decision To Overturn Campaign Finance Reform

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CATO explains.

Jan25th2010

Quote Of The Day

“The anguished cries of left-leaning folk over the Citizens United ruling seem to me to be emanating from an alternate universe, so bizarre are they. This was a case about whether the state can suppress the distribution of an unflattering documentary about a powerful political candidate produced by a small group of private citizens. The crazy thing […]

Jan22nd2010

Quote Of The Day

“It’s really hard to get rid of bad legislation. Most people (almost everybody?) think ethanol subsidies are a loser except for the people who get rich from them directly, Archer Daniels Midland and maybe some others. But do we fix it? We don’t. That’s the way the system works. There’s a lot of inertia. It’s […]

Jan20th2010

Quote Of The Day

“Thus, I disagree with Josh Tucker that the election isn’t that consequential. First, the pivotal Senator will now be a Republican, not a Democrat. The parties put a lot of pressure on moderate members of Congress to vote one way or the other; it’s often unsuccessful, but its a pretty powerful source of influence. Second, […]

Jan19th2010

Why A Bank Tax Is A Good Idea

Greg Mankiw explains:
One thing we have learned over the past couple years is that Washington is not going to let large financial institutions fail.  The bailouts of the past will surely lead people to expect bailouts in the future.  Bailouts are a specific type of subsidy–a contingent subsidy, but a subsidy nonetheless.
In the presence of a government subsidy, […]

Jan18th2010

The Best Way To Help Haiti Victims

Paul Romer gives my preferred solution:
There is a natural complementary approach that is a much better bet than giving colonialism another chance–letting Haitians migrate somewhere with better governance and rules. This is the surest answer to the question posed in the beginning. It can give them access to the urban infrastructure, buildings, equipment, and the […]

Jan14th2010

Quote Of The Day

“Alabama has the same per capita income and slightly faster growth rate as the Social Democratic EU.15, which Krugman wants us to believe is a “Dynamic” region that the US should “learn from”. Has Paul Krugman ever written a column asking us to learn from the economy of Alabama? Of course not. That would […]

Jan13th2010

Obama’s Impact On Race Relations

After Obama was elected President of the United States, I wrote:
If there is one thing this election showed, it is that the view that a Black person cannot be president, that racism continues to play a significant role in todays economy, was flat out wrong. Personally, I never doubted that a Black man can become […]

Jan8th2010

Marginal Difference

Related to yesterdays post, I have previously tried to explain the concept of marginal return and why, because of the already overwhelming flow of educated minorities going into social services fields, the hard sciences may be the place to make the biggest impact - if that is your end goal.
I wrote:
Second, it is inefficient. Minorities […]

Jan7th2010

More On Majors And Why Chicano Studies Is Garbage

A frequent topic of discussion in my family is what university, what major and the return to investment my sister should pursue after finishing high school. My dad is a man of modest means and is the only bread winner in a family of five - 3 children of which, have yet to pursue a […]

Jan6th2010

Quote Of The Day

“If Obama really wants to “bend the curve” of health care costs why not try outsourcing Medicare and Medicaid to India?  The harsh version: The government only reimburses an amount equal to the Indian price tag plus the travel cost.  If you want the luxury of U.S. treatment, you pay the difference.  The palatable version: […]