Thursday, October 30, 2014

Bolivia legalizes child labor for ten-year olds

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voluntary transactions ? In December, the  Union of Boy, Girl and Adolescent Workers of Bolivia  marched to the presidential palace in...
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Nashville's own Merle Hazard on the Federal Reserve's dual mandate

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As anyone who has read chapter 21 should realize, motivating an agent to follow two conflicting goals is very difficult for any principal, m...
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Thursday, October 23, 2014

For those of you who missed his Vanderbilt class, ...

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Mike Aronstein spoke at Brendant Moynihan's investment class, where he spoke about inequaltity caused by the Fed: How this works is t...
Wednesday, October 22, 2014

BEYOND IRONY: Fed Chairman causes the very inequality she bemoans

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Chairman Yellen complains about inequality, yet  seems oblivious to her own role in exacerbating it .  Quantititative easing makes money ...
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Monday, October 20, 2014

REPOST: Über succeeds where taxis fail

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Saturday, April 14, 2012 Über succeeds where taxis fail Almost all the everyday  complaints about cabs  trace back to bad regul...
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Saturday, October 18, 2014

What is the probability that Republicans will win control of Congress?

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80%, according to the Iowa Electronic Prediction Markets.
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Friday, October 17, 2014

What happens when Apple makes it easy to switch between carriers?

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Price competition should become fierce . A preinstalled data-only SIM card has been inserted into the $499 iPad Air 2, and allows users t...
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Thursday, October 16, 2014

Automatic Pizza Maker Vending Machine

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The demand for low skilled workers continues to fall.
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Wednesday, October 15, 2014

Should Tennessee fund venture capital?

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Not unless they can do it better than the millions of people who already do this for a living . Equally direct, when asked about TNInvest...
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If you pay people who are unemployed, ...

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... you get more unemployment.   From the St Louis Fed : Longer benefits may reduce unemployed workers’ job search efforts, decreasing th...
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