The interview is six years old, but it's interesting and as almost always when I read McCloskey, I learned something. In this case, I learned about Weber's famous Protestant Work Ethic hypothesis: that Weber "himself gave it up" shortly after he formulated it and I learned why it's wrong.
Even though he believes a lot of crazy things he can occasionally stumble onto the truth.
I recommend a look at the table near the end and the couple paragraphs accompanying it.
I recommend that California politicians take heed. But I don't expect they will.
Other states have grappled with net outflow of wealth in recent years, and a few have found ways to reverse the trend—or at least stop the bleeding.
“Taxes are one of many reasons why people move, and they’re important ones that policy makers have control over and can do something about,” says Scott Drenkard, director of state projects at the Tax Foundation in Washington, D.C. “Whereas it’s hard if not impossible to change other reasons—such as education, which can take decades to improve, or the weather.”
Probably not a surprise, but this piece drops "evil clowns" from 2106th on my list of top worries to 102,106th.
(Whatever happened to all those UFOs, anyway?)
Sure sounds reasonable to me.
"Economists’ Normative Case for Government Intervention is a Very Poor Positive Theory of that Intervention"
Don Boudreaux beautifully offers truth in 143 words.
Related: "Quotation of the Day".
To anyone who is even passingly familiar with economic and regulatory history, the notion that the state is the – or even a – safeguard against monopolies is laughable.
Pee on the streets of San Francisco, trash on the streets of L.A. You can have your Liberal paradise; I'll stay in Dixie.
Prof. Peter Gordon nicely explains what might be labeled The Tragedy of Conservatism.
Small government (small politics) advocates will always have a tough time. What they offer comes up short in the fun department.
Take a wild guess. Terrific piece in the Weekly Standard.
(And yes, "predatory lending" is a very objectionable phrase, but that's part of the point of the piece: what's "predatory" depends on exactly who's doing the lending.)