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The $20,000 bruise

The $20,000 bruise story in the Wall Street Journal makes good reading. All of these health care disasters make good reading.  I let the billing supervisor speak for a moment, and then cut him off...

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Yellen on the poverty of the poor.

I ran across this interesting speech by Fed Chair Janet Yellen, “The importance of asset building for low and middle income households.” The median net worth reported by the bottom fifth of households...

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Optimal quantity of money, achieved?

Here are three graphs, presenting inflation, long-term interest rates and short-term interest rates in the US, Germany and Japan. Now, suppose you just returned from a long trip in outer space, started...

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Capital and Language

The Fed Scrutinizes Bank Capital, in the Popular Imagination Fed Governor Dan Tarullo gave important testimony on financial regulation September 9. It got widespread media coverage, for example Wall...

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Reason for big Government: The Firm

I enjoyed John Goodman’s essay at Forbes.com, “Reason for big Government: The Firm” California has a new law that requires all eggs sold in the state to come from chickens that are housed in roomier...

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Immigration reading

Does Economics 101 Apply to Immigration? by Robert VerBruggen, a review of George Borjas’ new book Immigration Economics. The question is central to the immigration debate. If new people come in, do...

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FDA and the costs of regulation

The Wall Street Journal has had two recent articles on the FDA, “Why your phone isn’t as smart as it could be” by Scott Gottlieb and Coleen Klasmeier on how FDA regulation is stopping health apps on...

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Envy and excess

In the inequality post, I puzzled over the following conundrum: Why does it matter at all to a vegetable picker in Fresno, or an unemployed teenager on the south side of Chicago, whether 10 or 100...

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Macro debates, the oped

This is a a Wall Street Journal Op-Ed, on supply vs, demand in understanding slow growth. WSJ asks that I don’t re-post the oped for a month; a month has passed so here it is for those of you who...

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The case for open borders

Alex Tabarrok has a splendid post “the case for open borders” on Marginal Revolution. Along the way he points to “Economics and Immigration: Trillion Dollar Bills on the Sidewalk?” by Michael Clemens...

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