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Category Archive for 'Price System'

The NY Tiimes today reports on a new “study” of chemical contamination due to gas drilling in Bradford, PA (not too far from us here in Rochester): An analysis of drinking water sampled from three homes in Bradford County, Pa., revealed traces of a compound commonly found in Marcellus Shale drilling fluids, according to a […]

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It’s Virtually All Non-profits

I highly recommend almost anything written by George Stigler. Don B. posted this quote the other day: … is from page 14 of George Stigler‘s entertaining 1988 autobiography, Memoirs of An Unregulated Economist: A large number of successful businessmen have gone on to high administrative posts in the national government, and many – I think most […]

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Health Dog Bites Man

Does paying for even some medical care out of pocket reduce costs over time? Here is the latest: using data from 13 million individuals in 54 large US firms to estimate the effects of a firm offering CDHPs on health care spending up to three years post offer. … We find that spending is reduced […]

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(1) Corporations like Walmart disproportionately benefit from the existence of antipoverty programs like Medicaid and Food Stamps. Why? Because when these are available to people, Walmart does not have to provide people with a wage that, alone, would be enough for these workers to sustain themselves since the government is already providing it. (2) Corporations […]

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The old Wonkbloggers are at it again. We are scolded that “It is not OK to have a second refrigerator.” I happen to have 2 fridges and 3 freezers in my house. Both his premise and conclusion are wrong and that’s entirely excepting the smug and offensive attitude. Without a lecture: 1. It very clearly […]

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Story is here. Note, too, that this is an “agreement” which means it will not actually be enforced. My prediction: emissions will fall despite this “agreement” not being enforced, and policymakers will take credit for the incredible progress “they’ve” made. But this is undeniably great news for Americans and energy poor people around the planet. […]

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It turns out that Californians have successfully made their lives less comfortable by banning plastic bags. As you surely know this is yet another feel good policy that will accomplish almost nothing in the way of real environmental benefits.  Now, I have no problem with people making poor choices especially with their own funds, and […]

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I lifted this from the end of my previous post: Why on Earth would anyone be “worried” about this? Prices adjust. Entrepreneurs respond. Unless of course one can’t help but think that everything good in the world comes as a result of conscious policy choices. Drive around Rochester and there are already quite a few […]

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I’ll try not to get my readers into the weeds on this question, but I would like to summarize it and make a larger point. First the larger point: this is a real argument. This is to be taken seriously. Waldman is doing here what I though college and academia and serious discussion was supposed […]

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