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Category Archive for 'Price System'

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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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Maybe we’ll get less of this economic nonsense? Here’s the latest from Vox: The simple danger is that monopolies tend to charge high prices. I am sure lay readers don’t see the problem with it. But if I actually put a single question on a Intermediate micro final exam that asked, “what is wrong with this comment?” […]

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I’m writing final exams and hope to be back at this in due time. In the meantime, here was one particularly interesting working paper I had emailed to me today: Discrimination and the Effects of Drug Testing on Black Employment by Abigail K. Wozniak  –  NBER Working Paper #20095 (LS PE) Nearly half of U.S. employers test job […]

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In this short Youtube clip, author and food activist Michael Pollan argues: Milk will always be the maximum number of paces from the door, and the reason is that most people want to get a quart of milk and they want them to pass as many other things as possible on the way — so […]

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Humans are to electricity like fish are to water … or something close to it. Electricity has become so vital to our lives, yet so reliable, that we hardly think about it, perhaps even as we pay our monthly electricity bills. reflecting on our reliance upon electricity may lead one into a paradox, and it […]

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