Newmark's Door

Noted economist Richard K. Vedder: "An even bigger problem is the vast increase in resources now used to achieve nonacademic goals."

Take a sample IQ test.

This online test gives an indication of general cognitive abilities, represented by an IQ-score between 85 and 145 where 100 is the population average. This test does not serve as a substitute for a professional intelligence test, such as those administrated by a psychologists or Mensa – which has a license to offer a selection of intelligence tests.

This test consists of 35 problems that must be solved within a 25 minute time limit. 

An interesting look at one of the reasons for Costco's success.

I'm skeptical, but, hey, two minutes isn't much.

This is something I've thought: the problem with getting and keeping good K-12 teachers is not so much "low" pay but working conditions. Specifically, disruptive students and . . . all those dopey meetings.

There's a whole lot about poverty and inequality in the U.S. that I expect the average voter doesn't know. Two examples:

In its standard measure of income, the Census Bureau includes only 8 of more than 100 federal transfer programs. Among the benefits it excludes are refundable tax credits, food stamps, Medicare and Medicaid.

The U.S. has the most progressive fiscal system among all developed countries.

Yes, it doesn't seem like antitrust is needed to corral Facebook. The market is taking care of it.

I don't know if "slashes" is the right word--the store is opening an hour later and closing two hours earlier--but it's not the local convenience store, it's Whole Foods for God's sake.

Related: "How ‘woke’ policies turned Downtown San Francisco into an urban drug-den".

John Stossel:

“Electric cars are amazing,” says physicist Mark Mills of the Manhattan Institute. “But they won’t change the future in any significant way [as far as] oil use or carbon dioxide emissions.”

A fine application of economics.