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December 2013

December 31, 2013

"Why Government Institutions Fail to Deliver on Their Promises: The Public Choice Explanation"

Veronique de Rugy of the Mercatus Center beautifully explains, in 4.5 straightforward pages, the conservative case against Big Government

"The Social Security Cliff"

Under current law, it's coming. No doubt about it. And when it arrives, please don't ask why nobody warned you, O.K.? 

"The truth about the underperforming NC retirement fund"

Ardis Watkins, legislative affairs director of the State Employees Association of North Carolina:

The contention that the system is outperforming its benchmark is misleading. The system sets its own benchmark, so to beat it is meaningless.

See also the post by my former colleague, NCSU finance professor Richard Warr, "NC Pension Fund Returns - what is the benchmark?" It ends, alas, this way: "We are bleeding money to Wall Street."

"The Best and Worst NFL Announcers"

Presents quantitative evidence. The conclusion is "The mute button is your friend."

"DEBUNKED: 10 Airplane Myths That People Still Believe"

I've heard many of them.

December 30, 2013

"Don't Believe The Pundits, Conservatives Are Bursting With Ideas To Replace Obamacare"

Grace-Marie Turner at Forbes describes one set of possibilities

See also "Yes, Obama, Republicans have offered Obamacare alternatives" and John Cochrane's "What to Do When ObamaCare Unravels" and "After the ACA: Freeing the Market for Health Care".

"Romney Was Wrong About The 47 Percent, The Problem Is Much Worse"

Jeffrey Dorfman:

This suggests that in actuality around 70 percent of American families are receiving more from the government than they are paying in. 

Where will it stop?

"Your Favorite Books, in One Sentence"

Peter Klein summarizes five economics books in one sentence, including the best summary of The General Theory I've ever seen.

We need to accumulate a lot more examples. Everybody should pitch in. Here's one for Steven Landsburg, Price Theory and Applications: People respond to incentives; the rest is just commentary.

"Africa's Aid Mess"

Add Paul Theroux to the lengthening list of people who question how much good Western foreign aid is doing: "Renowned author Paul Theroux discusses why the philanthropy of Bill Gates, Bill Clinton, Bono, and Jeffrey Sachs largely fails. Here's what works."

Still, yet, more selected articles on the Affordable Care Act

"Fine print: State can seize your assets to pay for care after you’re forced into Medicaid by Obamacare".

"No, You Can't Keep Your Drugs Either Under Obamacare".

Glenn Reynolds: "So, to recap: Those plans that Obama said were crap plans you wouldn’t want a dog to have? Now that he can’t hit his numbers without them, they’re just the thing!"

New York Times [!]: "New Health Law Frustrates Many in Middle Class".

Finally, John Fund argues, "Yes, It Can . . . Be Repealed: If Obamacare produces as many losers as winners, its future will be in doubt."

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