Take a basic course on economics and you'll learn about the central role of information in markets. When both parties have perfect information, markets function perfectly. When one side has... [More]
December 4, 2007
December 8, 2007
Time Magazine: "Tax Cuts Don't Boost Revenues"
Someone give Justin Fox a medal. This is how real reporting is done: If there's one thing that Republican politicians agree on, it's that slashing taxes brings the government more... [More]
More Laffer
A shorter version of my previous post, courtesy of Greg Mankiw: "I've never said all tax cuts pay for themselves. I never even said Reagan's tax cuts would pay for... [More]
December 10, 2007
WSJ: U.S. Mortgage Crisis Rivals S&L Meltdown
Over the past decade, Wall Street built a market for more than $2 trillion in securities sold globally and backed by loans to U.S. homeowners on two long-accepted beliefs and... [More]
December 12, 2007
Quote of the Day
McMegan, pondering the undue political importance given to domestic airlines: Why is everyone obsessed with having protected domestic airlines, and indeed, airplane manufacturing capacity? The minimum efficient scale of airframe... [More]
A Response To Giulliani
From his new ad running in NH: RUDY GIULIANI: “There’s no question. Taxes go down. Revenues go up.” Actually Rudy, I have a question. If we cut taxes to 0%,... [More]
December 13, 2007
An Ice-Free Arctic Circle By 2013?
When the issue of "Global Warming" and "climate change" first arose, I remember critics would constantly complain that because our climate models were so imperfect, we couldn't trust anything science... [More]
December 14, 2007
The W. Economy, In Pictures
Wow. That really does explain everything, doesn't it?... [More]
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