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Newmark's Door

Things one middle-aged economist finds interesting

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"The Nine Billion Names of God"

June 11, 2025

A short, terrific story by Arthur C. Clarke.

I just reread it and it is as great as when I read it years ago. It's great because of the ending, of course. To me, a great ending is the hardest thing in fiction to pull off. I would put this on a very short list of the best endings I've ever read.


Posted at 05:05 AM in Fun | Permalink | Comments (0)

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"Why Does Private Equity Get to Play Make-Believe With Prices?"

June 10, 2025

Excellent question.

Given the massive popularity of private investing today, it may very well be true that, as a great man once almost said, “Never have so many paid so much to so few for the privilege of being told so little.”


Posted at 05:43 AM in Current Affairs | Permalink | Comments (0)

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"Chinese and Mexican cartels exploit woke American laws to cash in after fentanyl crackdown"

June 10, 2025

Another bad effect of the "nation's legal cannabis market".


Posted at 05:37 AM in Current Affairs | Permalink | Comments (0)

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"It always starts with promising to remove inequality at the price of freedom"

June 10, 2025

People who have lived under socialism/Communism tend to make fine US patriots.


Posted at 05:26 AM in Life | Permalink | Comments (0)

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"I remember reading this paper when it first came out. Very well-done."

June 10, 2025

A paper forthcoming in RE Stat argues that ". . . the preponderance of evidence suggests that minimum wage increases are an ineffective policy strategy for eliminating poverty."


Posted at 05:22 AM in Economics | Permalink | Comments (0)

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"A Bitter Pill to Swallow: American Drug Shortages"

June 10, 2025

Overlooked in mostly dopey attacks on Big Pharma are the terribly important generic drugs and their awfully thin profit margins.


Posted at 05:01 AM in Current Affairs, Health | Permalink | Comments (0)

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"How to Save DC's Metro"

June 09, 2025

Randy Clarke will have been in charge of the DC Metro just three years next month. But he sounds like a miracle worker.

Related: "DC’s Metro Made a Comeback. Meet the Man Behind It."


Posted at 05:52 AM in Current Affairs | Permalink | Comments (0)

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"How Justice Clarence Thomas led SCOTUS to kill DEI"

June 09, 2025

A win for what is correct:

Clarence Thomas has spent his professional life trying to return American law to the Declaration of Independence’s founding promise that individuals should be judged as individuals rather than as members of racial, gender, or ethnic groups. 


Posted at 05:45 AM in Current Affairs | Permalink | Comments (0)

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"States Are Using Medicaid as a Slush Fund"

June 09, 2025

Needless to say this should be stopped ASAP.


Posted at 05:26 AM in Current Affairs | Permalink | Comments (0)

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"Why Wall Street fat cats are sweating Trump’s war on ‘woke’ colleges"

June 09, 2025

As usual, follow the money.


Posted at 05:21 AM in Business, Current Affairs | Permalink | Comments (0)

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