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Daily Archive for February 23rd, 2011

Quote of the Week

(A domestic allotment plan for permanent acreage reduction) might work, “if we are really going the route of state socialism. And I am very much inclined to think that we really are going that route.” That was Secretary of Agriculture Henry Wallace in 1933. There is much more exciting stuff to learn by reading a […]

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Question for the Day

What is worse for the environment, meat or booze? Please remember that my posing of the question does not sanction a belief in the inherent ‘badness’ of either. But given what is thought about the environmental impacts of using grains as inputs to meat protein production, I’d love to see how “efficient” it is to […]

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A few weeks ago in class I was discussing what I refer to the, “you might as well do something worse” (i.e. the marginal cost equals zero) problem in deterrence. I am sure there is a fancy real name for it, but the simple idea is this: whenever you have a maximum penalty for some […]

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