The Pinnacle of Protectionist Prevarication
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~Donald Luskin, from his NRO commentary today "Isolationist Ignorance in Action: Watch Lou Dobbs Ascend to the Pinnacle of Protectionist Prevarication."
Professor Mark J. Perry's Blog for Economics and Finance
There is a post below about the explosion of exports to China.
From today's 's NY Times Business Section:
In California, which outlawed racial preferences in 1996, more black and Hispanic students are enrolled in college today than ever before -- and more importantly, a higher percentage of them are graduating. In 1995, only 26% of black and Hispanic students actually graduated from the UC system; now 51% graduate, roughly equal to the white and Asian rate.
"After a lifetime of picking stocks, I have to admit that (Vanguard Group founder John) Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and his commonsense way of explaining things make this book indispensible reading for anyone trying to figure out how to invest in this crazy stock market."
From Alex Tabarrok on Marginal Revolution:
Wealth is not a product or commodity. There is not some factory out there manufacturing wealth that will someday run out. Wealth is not a service that ends when the shop closes for the night. Wealth is simply a measure. Having more of it does not mean your neighbor has less. Having more of it does not mean you took it from someone else. It is instead a reflection of who we are; our talents, our choices, our opportunities, how hard we have applied ourselves, and, often overlooked, the economic system that underlies the nation in which we live. In other words, unless fraud or some other nefarious scheme is in place, obtaining wealth is not a zero-sum game.
Count every F in the following sentence.
From today's WSJ: The American Economic Association announced Friday that Susan Athey, a 36-year-old professor at Harvard University with professional interests ranging from deepest economic theory to Canadian timber auctions, had won the prestigious John Bates Clark medal, awarded every two years to the nation's most promising economist under the age of 40. No woman had won the medal in its 60-year history.
From my commentary in today's Detroit Free Press "Don't Buy Into Myth on Price Gouging:"
From today's WSJ, an excellent commentary titled "Gasbags" by two former Texas Congressmen (Bill Archer and Chalres Stenholm), who apparently understand basic economics (see excerpts below), in contrast to Rep. Bart Stupak (D-MI), sponsor of the Federal Price Gouging Prevention Act, who could use some remedial economic lessons about price controls.
From today's NY Times, an interesting article "Eastern Europe Becomes a Center for Outsourcing:"