105 posts categorized "Unscientific Economics"

March 29, 2011

Moore’s Law and the Economics of Abundance

Moore's Law explains why the price of everything electronic keeps going down; but now Moore's Law is starting to have an effect on much more than technology prices The costs of energy, medicine, law, education, financial transactions, and government itself are falling because of Moore' More...

February 23, 2011

Increase in DC Housing Prices a Negative Indicator

The Washington, DC area was one of only two US Metropolitan Statistical Areas (MSAs) in which housing prices increased year-over-year according to the latest release of the More...

February 18, 2011

Rebate Ripoff

The Chevy Volt is a great example of why government incentives are a terrible way to accomplish policy goals: much of the rebate money goes to paying people for what they were going to do anyway. Another share of the rebate goes to increased margins for whoever is selling the favored product.

More...

February 15, 2011

Nuclear Plants Shouldn’t Be Subsidized Either

Existing nukes are among the cheapest sources of electricity we have. They don't emit CO2 or anything else (other than water vapor) into the atmosphere. There is a solvable (see below) problem with nuclear waste.

So should new nuclear plants be built? The decision should be More...

February 14, 2011

End Federal Wealth Insurance

We need to cure a national addiction to government-guaranteed debt. Proponents of government loan guarantees for things like mortgages, nuclear power plants, college loans, and small businesses tout the worthiness of the projects that are being encouraged. IMHO, the main beneficiaries of these pr More...

January 23, 2011

Government Money Drives Out Private Capital

The damage that government subsidies to business do the economy is far worse than just the cost to the treasury; government money drives out private investment. Government money stifles innovation; government money destroys jobs. Government's role is to regulate; it can't do that effectively when More...

December 29, 2010

Confessions of a Stimulator – Jobs Don’t Count

""To dig holes in the ground," paid for out of savings, will increase, not only employment, but the real national dividend of useful goods and services," wrote John Maynard Keynes in The General Theory of Employment, Interest, and Money. Of course, since Keynes was an More...

December 27, 2010

My Confessions in the Wall Street Journal – and the Snow

Picture piles of soggy copies of the The Wall Street Journal lying in the snow in New York and Boston. In those soggy piles is my op-ed titled "Confessions of a State Stimulus Czar". But, fortunately, there is also an online edition of the Journal; there, albeit behind More...

December 21, 2010

Good Ideas for Vermont Tax Reform

Lower tax rates spread across a larger base are generally a better way to collect taxes than targeting higher rates at a smaller base. This is one of the principles that has been guiding the work of the Vermont Blue Ribbon Tax Structure Commission ch More...

December 05, 2010

The Good News in the Job Numbers

The US economy is working its way to employment health. Since last November private sector non-farm payrolls have climbed by over a million jobs. Part of the reason this growth hasn't brought the overall unemployment rate down as much as we'd all like to see is that government employment More...

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