Extra Credit Opportunity
Posted in Environment, Standards of Living on Mar 16th, 2012
What’s problematic with this story?
Daily Archive for March 16th, 2012
Yup, I’m Supposed to Be Charitable to This
Posted in Economic Illiteracy, Economics Problems, Economists on Mar 16th, 2012
So this is what the vigorous and free exchange of ideas has come to? Our dear friend is running around with a blowtorch in a hayfield … As a result, U.S. oil production has risen significantly over the past three years, reversing a decline over decades, while natural gas production has exploded. Given this expansion, […]
Tim Taylor has yet another fine post today, this time summarizing the incidence of taxes when marginal income tax rates were high in 1958 versus today when they are, across the board, lower. Here are some highlights: At the bottom, across this time period, roughly 20% of all tax returns owed no tax, and so […]
Black Magic
Posted in Methodology on Mar 16th, 2012
Economists like to model everything. Open up any issue of the American Economic Review and you will find all kinds of fancy expositions on optimal interventions in markets with adverse selection, the effects of housing assistance on labor supply, whether union militancy can promote economic growth, models of credit constraints, models of persuasion, currency misalignments […]
