Bootleggers, Baptists and Cash for Clunkers

Ah, yes, a bit of nostalgia from the "summer of recovery": the Car Allowance Rebate System (CARS), also known as Cash for Clunkers. It seemed quite promising to many in the halcyon days of 2009.  Citizens could trade in their old gas guzzlers (which were subsequently destroyed) for a rebate that could be applied to … Continue reading Bootleggers, Baptists and Cash for Clunkers

What Did the President Know and When Did He Know It?

This question, made famous during the Watergate hearings, seems to be the driving question these days, whether one is speaking of the clumsy rollout of the Affordable Care Act, the number of people in the independent insurance market who will in fact lose their coverage, or the NSA’s surveillance program. In Dana Milbank’s words (Washington Post): … Continue reading What Did the President Know and When Did He Know It?

Quotation of the Day – On ObamaCare

A magnificent quotation in the LA Times about ObamaCare courtesy of a health care provider in California: Pam Kehaly, president of Anthem Blue Cross in California, said she received a recent letter from a young woman complaining about a 50% rate hike related to the healthcare law. "She said, 'I was all for Obamacare until … Continue reading Quotation of the Day – On ObamaCare

Capital Punishment’s Deterrent Effect (update)

Update: added missing caption to figure Next year, the New Hampshire House will take up a bill to abolish the death penalty. Several libertarian legislators have signed on as co-sponsors, and observers think the bill has a good chance. What should libertarians think about the death penalty? In general, hardcore civil libertarians have opposed it, … Continue reading Capital Punishment’s Deterrent Effect (update)

The Value of Left-Libertarian Alliances

The other day I referenced Tom Watson’s piece in Salon, rejecting any libertarian involvement in the Stop Watching Us demonstration (as you might recall, libertarians were the ones who use a “few positive civil liberties positions as a predator uses candy with a child”). Watson’s piece generated a useful response  in Salon from David Segal: … Continue reading The Value of Left-Libertarian Alliances

NPR Again – Where Does Wealth Come From?

I've listened to NPR in the car a fair bit over the last two weeks.  If I learned my economics from that station, I'd have to conclude that wealth is essentially just something that exists and is expropriated by individuals and countries.  It is a fixed pie that one either has a slice of (or … Continue reading NPR Again – Where Does Wealth Come From?

GWU Admissions and the Economics of Higher Ed

Jordan Weissmann at The Atlantic has a story on the revelations that George Washington University rejected applicants on the grounds that they would have required financial aid. Apparently the university had advertised itself as "need-blind" in its admissions policies, but in fact the admissions office ended up rejecting marginal needy applicants in favor of marginal … Continue reading GWU Admissions and the Economics of Higher Ed