UPDATE: link included now.
The EJMB boys figure out the reason behind Econometrica's policy.
Also from EJMB: "Forget your pathetic Big Data, Georgetown has the Massive Data Institute!".
Just amazing: "Using the WMAP data, scientists estimated the age of the universe to be 13.772 billion years, plus or minus 59 million years."
By the consistently excellent Ed Driscoll (posting at Instapundit).
Tell the college kids.
Remember Econ 101? Remember the "market failures" that could be fixed by government action? Fred Foldvary explains why technology is fixing them without government.
Much government intervention has no economic rationale and is due instead to pressure from special interests. However, some interventions have a public-welfare justification, backed by conventional economic theory. Textbooks in the field normally present four such rationales: asymmetric information, external effects, public goods, and monopoly.
Advances in technology are fast rendering these arguments obsolete.
I'd say it's too early to draw the author's conclusion, but if the data keep moving the same way for another two or three years, he could well be right.
Which only makes sense. In one fell swoop the broadband industry went from very lightly to very heavily regulated, including the threat of price regulation. Industries subject to heavy regulation, uncertainty, and especially the threat of price regulation simply aren't going to invest as much. When the potential for profit is marginally reduced, the attraction for investment is also marginally reduced. . . .
Well, investment data for the first half of 2015 is in, and the evidence is clear: Broadband companies dramatically reduced investment as a result of the FCC's Title II regulation of broadband.
Ann Coulter, doing her thing.
Today we'll talk about how to write a New York Times op-ed in 45 minutes or less. We all like labor-saving tips!
The main point to keep in mind is that your op-ed is not intended to elucidate, educate or amuse. These are status pieces meant to strike a pose, signaling that you are a good person.
After reading your op-ed, readers should feel the warm sensation of being superior to other people -- those who don't agree with you. The idea is to be in fashion. It's all about attitude, heavy on eye-rolling.
Works for me. Or as I believe Glenn Reynolds suggested, make the universities with big endowments give big chunks of them to smaller schools. You know, to fight inequality.
Love him or loathe him, I think you'll find this piece on The Donald entertaining. Includes a brief recounting of his purchasing a property from the federal government for $10 million while putting down "only $2,812 of his own money",