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Category Archive for 'K-O'

One of the most shocking reads from the past couple of years has been Thomas Leonard’s Illiberal Reformers. The book goes through, in gulp-worthy detail, the history of the rise of the “Progressive” movement’s support for various labor market interventions and immigration policies. Almost all of it is hard to reprint here, but the idea […]

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Why Are Atoms So Big?

From the Feynman Lectures on Physics, Volume 1, Chapter 2: Why Are Atoms So Big? Why are atoms so big? Why is the nucleus at the center with the electrons around it? It was first thought that this was because the nucleus was so big; but no, the nucleus is very small. An atom has […]

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In Today’s News …

Even in a casual conversation, 2, 3 and 6 happened today and yesterday. Joy.  

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My eyes tend to gravitate toward climate and labor market issues, so I encounter the following two “arguments” all of the time. (1) There are those who present global temperature data in the following way: “if you look at global temperature records, the rate of temperature increase around the planet has either slowed or paused […]

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To appreciate the state of the “debate”, replace every use of the term “climate change” in a debate with “Genetically Modified Organisms.” If an economist dares to speak on climate change, lighting bolts will descend upon her from the heavens and the fires of Hades will engulf her from below If you see the word […]

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Many of you are well aware of the Keynesian push for boosting aggregate demand when an economy is slumping. Indeed, we rarely are told when the economy is doing well enough to not need a shot in the arm. That suits many of our political biases. So, I ask this question in all seriousness. Don’t […]

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We would evaluate their success based on how well they could be fit to past economic observations. To the theory nerds out there, do you know of ANY economic models that have not, ex post, been able to back-forecast what has already happened?

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My faith in humanity is being regularly rocked, but perhaps that is just too much of an overreaction to current events. But for the sake of intellectual consistency, will those folks delighting in the tarring of the entire classical liberal program through dark and nefarious long arcs of the work of James Buchanan now be […]

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Pondering Government Spending

I’m too lazy to extract the data, but roughly speaking, in the mid-1950s, the federal government spent between 17% and 20% of GDP.  Of that percentage, between 80% to 85% of that spending was discretionary. What this means in an 8th grade sort of way was that there was lots of money to quibble over and to […]

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Should I Scream?

So, within a short bicycle ride or car ride from where I live there are five (probably more) ice cream shops that I like to visit. I was going to say that my kids like to visit, but I am driving the proverbial bus on this one. I won’t name their names, but if you […]

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