Showing results for: “Google shopping manne”
Ribstein on Bebchuk on Paycaps
Here is Larry Ribstein commenting on Lucien Bebchuk’s recent WSJ op-ed criticizing the stimulus bill paycaps, Harvard’s Lucian Bebchuk, perhaps the leading academic critic of executive pay, has found a regulation of executive pay he didn’t like – the stimulus bill. … Academics often do not seem to understand when they propose regulatory fixes that they do not ... Ribstein on Bebchuk on Paycaps
Evans on Antitrust & the Global Internet Economy
From the Northwestern University Law Review Colloquy, David Evans explores the implications of the emerging global internet economy for antitrust. Here’s the closing two paragraphs: We can expect the web-based industries will follow the same trajectory, and thus far they have. Massive entry has taken place. As with many new industries, we remember the YouTubes ... Evans on Antitrust & the Global Internet Economy
Is anyone else terrified that the fate of the economy hangs in Maxine Waters' hands?
Yes, actually. I was going to write a post on this topic, but then Megan McArdle said pretty much what I wanted to say, only snarkier and pithier. A taste, but read the whole thing: But this woman is sitting on the House Financial Services Committee. She is supposed to help craft the bills that ... Is anyone else terrified that the fate of the economy hangs in Maxine Waters' hands?
Sirius-XM Merger Retrospective…
It looks like Sirius-XM is now contemplating bankruptcy (HT: Danny Sokol). There were quite a few critics of the Bush administration’s decision not to challenge the merger. Various antitrust commentators and critics (as well as rivals like the NAB) lined up on the side of enforcement, arguing that the merger would lead to a monopoly ... Sirius-XM Merger Retrospective…
Why oh why can't we have a better Paul Krugman?
Krugman’s latest opinion piece is here. Like me, Paul is beating the same drum over and over (oh, and by the way, like at DeLong’s place, my comments mysteriously don’t show up on his blog. Odd. I swear I am civil and engaged. I’m not sure why I am blacklisted. Could it be that I ... Why oh why can't we have a better Paul Krugman?
Does this count as socialism? Maybe it’s fascism.
Oh, those monikers always confuse me. So much seems to hang on the right label. When does government intervention in the economy become so extreme that it is appropriate to label it socialist? Here at TOTM we’ve had this discussion before. But these labels are unhelpful–what matters is the economic effect of regulation. Call it ... Does this count as socialism? Maybe it’s fascism.
Is it just me, or is Brad DeLong little more than an ideological hack? Krugman, too.
Hey, what a shock: Brad DeLong cites to a cursory and useless critique of the Efficient Market Hypothesis and declares it, with the author, “refuted.” Here’s Brad’s cite; here’s the original “refutation.” The complete list is absurd (there are five purportedly refuted doctrines, including “the case for privatization” and “individual retirement accounts.” Seriously? Yep.). Perhaps ... Is it just me, or is Brad DeLong little more than an ideological hack? Krugman, too.
Stop Brad DeLong!
Few people in my small sphere of the world are taken as seriously as Brad DeLong, while still being as much of an ass as he is. The latest stems from his juvenile criticism of this masterful analysis of the stimulus situation by John Cochrane. Brad’s juvenile criticism is here. The thing is, it sounds ... Stop Brad DeLong!
Kevin Murphy models the stimulus–and the results aren't pretty
A great video from the University of Chicago here with comments from John Huizinga, Kevin Murphy and Robert Lucas. John Huizinga also wonders if we’re calculating the costs. Robert Lucas is skeptical. But Kevin Murphy’s discussion is (not surprisingly) worth the price of admission (I only wish the video showed the slides). He puts some ... Kevin Murphy models the stimulus–and the results aren't pretty
George W. Bush's stinky parting gift
Bush has proved himself to be a statist, protectionist ignoramus on many occasions. But this, one of his final acts in office, is simply appalling: People in the southern French district of Lozeyron are having a hard time swallowing US President George W. Bush’s parting gift: a tripling to 300 percent in import duty on ... George W. Bush's stinky parting gift
The heart of the matter
David Evans gets to the heart of the matter: The problem that we now face involves fixing many different aspects of our financial system—from incentive systems that encouraged excessive risk taking (do we really believe bankers are innately more greedy than anyone else?), to financial engineers who didn’t think through the consequences of their innovations, ... The heart of the matter
More (less) on the costs of stimulus
This is what I’m talking about in my last post: We can continue to debate the size and nature of the stimulus, of course, but roughly $800bn seems right and the mix of spending and tax cuts currently proposed also makes sense. Yeah, roughly $800,000,000,000, give or take a few zeros. Y’know, back of the envelope. ... More (less) on the costs of stimulus
