Alex Tabarrok discusses a working paper that finds "30%-40% of Americans believe, contrary to basic economic theory and robust empirical evidence, that a large, exogenous increase in their region’s housing stock would cause rents and home prices to rise".
If only modern-day Liberals would take this conclusion seriously:
While you may not like your opponents, it’s imperative that you come to terms with the fact that they will be in power at some point or another. As a result, the rules for governmental power need to be such that you’d be able to be comfortable enough with them having that power. . . .
Never give yourself a power you don’t want your opponent to have.
Richard Hanania argues that this year proves Fukuyama correct.
Some possibly good ideas here, but lots of luck getting them adopted.
A 12.5-year-old piece by Glenn Reynolds. It was true then and it's true now.
The United States Code -- containing federal statutory law -- is more than 50,000 pages long and comprises 40 volumes. The Code of Federal Regulations, which indexes administrative rules, is 161,117pages long and composes226volumes.
No one on Earth understands them all, and the potential interaction among all the different rules would choke a supercomputer. This means, of course, that when Congress changes the law, it not only can't be aware of all the real-world complications it's producing, it can't even understand the legal and regulatory implications of what it's doing.
Musicals and westerns are way down. Horror and documentaries are up. Surely there's at least one Ph.D. thesis coming to explain this.
A spooky UFO story gets thoroughly debunked by the prosaic.
Yet another place where chronic inflammation could matter.
I've had a good time with mine.
And a darn good thing it is.