Why We Need Acquisitions and Why Khan’s Concerns are Bad for Business
“Antitrust cases cost a great deal of time and money, and yet Lina Khan asserts that FTC will be looking more closely at M&As both past and present — and this assertion should be of concern to any entrepreneur and any corporate investor.” ~Kimberlee Josephson
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We Are Measuring Inflation All Wrong: Non-Housing Inflation is Very Low
“Lagged OER and rent overstated inflation by more than two percentage points over the past ten months – raising it to 3.3 percent from 0.6 percent.” ~ Alan Reynolds
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Playing Chicken with a Stack of Steering Wheels
“People often complain about the ‘irrationality’ of politics, but there is nothing irrational about the process that has given rise to our crushing debt burden. Voters really do want lower deficits, provided it does not involve either cutting spending or raising taxes.” ~ Michael Munger
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Eliminating the Debt Ceiling: Is There Anything the 14th Amendment Can’t Do?
“The Biden administration threatens to invoke Section 4 of the Fourteenth Amendment to sidestep the longstanding federal debt ceiling in a way that would increase the power of the executive branch. ” ~ Robert E. Wright
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More Self-Interested Union Altruism
“Whenever someone claims an altruistic reason to support a policy, but it clearly advances their narrow self-interest, the latter effect can explain such support, regardless of whether it helps or even hurts the supposed beneficiaries.” ~ Gary M. Galles
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You Use the Roads, Don’t You?
“Having resources taken from you against your will, and then accepting the return of some of those resources, in the form of a monopoly road system, does not make you a free rider.” ~ Michael C. Munger
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Stadium Subsidies Reveal Tensions in Democratic Priorities
“Despite being a well-known mirage, the promises of economic and job growth prove too attractive for local policymakers to resist. This tells us something about their priorities.” ~ Daniel J. Smith
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CEA Deserves an F on Bitcoin Mining Tax Analysis
“The CEA’s argument would result in a failure on an introductory microeconomics exam. One expects better from a team of professional economists.” ~ Joshua R. Hendrickson
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Legal Mafias and Moral Asymmetries
“Legal doesn’t mean right. It doesn’t mean just. It doesn’t mean moral. The powerful get away with misdeeds because, for too long, we have conflated the domains. And this conflation goes all the way down.” ~ Max Borders
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Hail to the Chief, President 6PRKr4!
“Assign to each candidate for high office a new, sterile name – something that reads like an abbreviated VIN for an automobile. For example: 6PRKr4. In fact, call it a PIN – ‘Politician Identification Number.'” ~ Donald J. Boudreaux
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An Approach to Teaching Rawls And Income Inequality
“Far from representing an outcome chosen behind the veil of ignorance, political pressures will always be driven by full knowledge of the benefits realized by self-interested actors, even if they mouth formulaic invocations of ‘social justice’ while they do it.” ~ Michael C. Munger
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So Why Aren’t We Paying Down the National Debt?
“The world will remain a dangerous place, but the further the nation is from its credit limit, the more effectively the government will be able to respond when, not if, something goes seriously awry.” ~ Robert E. Wright
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