in The Road to Serfdom Hayek ends up committing himself to a view of environmental regulations that’s well tot he left of where today’s center-left politicians are: Nor can certain harmful effects of deforestation, or of some methods of farming, or of the smoke and noise of factories, be confined to the owner of the… Continue reading Yglesias » FA Hayek, Statist
Year: 2010
Friedman On Japan
…staring in 2000, the BOJ nearly doubled monetary base over a period of 3 years. And the money just sat there. Banks did not, in fact, expand loans. In fact, Japan’s experience is a key element of the case against monetarism. Just printing notes does not work when you’re in a liquidity trap. From Friedman On Japan… Continue reading Friedman On Japan
They called their joint campaign and debates a civility tour
It’s a local race – and no big deal. A state senate seat in Connecticut. And yet …: The race between [incumbent state Senator Andrew] Maynard and [Republican challenger Stuart] Norman may be unlike any other in the state. Rather than spend their time railing against each other, the two have decided to campaign together,… Continue reading They called their joint campaign and debates a civility tour
Predictable bad advice from David Brooks
President Obama is likely to suffer a pummeling defeat on Tuesday. But the road map for his recovery is pretty straightforward. From The Next Two Years Mr Brooks gives President Obama the typical bad advice people give the president on an off year election. When the GOP suffers a loss, the advice is that they… Continue reading Predictable bad advice from David Brooks
Frog Found in Frozen Vegetables
From Frog Found in Frozen Vegetables Better than a half-frog I guess.
A Home in the Pyramid Atop Seattle Tower
Petra Franklin Lahaie ushers her two young daughters and their girly bikes through a set of heavy bronze doors, greets the 24-hour elevator operator in the Prussian blue uniform, rides up 35 stories past mostly vacant office suites, debarks next to an observation deck and Chinese-themed banquet room, passes through a portal marked “private residence,”… Continue reading A Home in the Pyramid Atop Seattle Tower
Malpractice Methodology
The traditional way to reform medical malpractice law has been to impose caps on liability — for example, by limiting punitive damages to something like $500,000. A far better strategy would be to provide safe harbor for doctors who follow evidence-based guidelines. Anyone who could demonstrate that he has followed the recommended course for treating… Continue reading Malpractice Methodology
Ozzy Osbourne’s Genome Reveals Some Neandertal Lineage
The one-time front man for heavy metal band Black Sabbath has joined the likes of DNA co-discoverer James Watson and Harvard University professor Henry Louis Gates on the short roster of people to have their full genome sequenced and analyzed . [More] From Ozzy Osbourne’s Genome Reveals Some Neandertal Lineage Why am I not surprised?
Reforming Medicare’s Payment System
Three-dimensional radiation costs roughly $10,000. A somewhat newer treatment, I.M.R.T., initially cost $42,000. And an even more recent treatment, proton radiation therapy, costs $50,000. The newer treatments do not seem to be more effective at keeping patients alive than three-dimensional radiation, so under the proposal all three treatments would be reimbursed (after the three-year trial… Continue reading Reforming Medicare’s Payment System
A Far Away Country Of Which We Know Nothing
I’ve been getting a lot of correspondence lately that runs something like this: You’re an idiot. Give me one example in all of history of a country that spent its way out of a depressed economy Ahem. There’s this country — people may not have heard of it — called the United States of America:… Continue reading A Far Away Country Of Which We Know Nothing