tag:blogger.com,1999:blog-312272512024-03-13T23:21:50.592-04:00TheAnti-Candlemakers'League"But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime."
<br><br>Frederic BastiatWill Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.comBlogger214125tag:blogger.com,1999:blog-31227251.post-91341698180706561002009-04-14T13:01:00.003-04:002009-04-14T17:07:06.578-04:00A Goodbye of SortsThe fine folks at <a href="http://perfectsubstitute.blogspot.com/">TPS</a> have asked me to join the team. So if you have enjoyed reading my rants thus far, update your RSS reader to reflect my new location.<br /><br />Thanks for reading and commenting over the last year and a half.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com7tag:blogger.com,1999:blog-31227251.post-52974783168622301372009-04-11T23:21:00.002-04:002009-04-11T23:23:39.059-04:00DatingA good date makes you dinner.<br />A great date makes you dinner and helps you finish off a sixer.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SeFepzjSQxI/AAAAAAAAAdg/v6jYr0_nPNM/s1600-h/Photo+9.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 300px;" src="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SeFepzjSQxI/AAAAAAAAAdg/v6jYr0_nPNM/s400/Photo+9.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5323640306834490130" /></a>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-67502707261893998272009-03-29T15:19:00.002-04:002009-03-29T15:25:46.886-04:00Joke of the DayI had a funny thought today. It followed a comment on my status (which read: Will is up and at 'em.); my friend Annette thought the phrase was "up and adam," but admits that my version actually makes sense. My remarks were as follows:<blockquote>I always find it amusing when cliches morph.<br /><br />For example, my grandma often says "a bird in the bush" as if this phrase has any meaning in and of itself. I know that she is referring to the proverbial bird in the hand which is worth TWO in the bush. I am just confused as to how this simplified to a single bird in a bush.<br /><br />I have often thought about cutting her off by saying "I know, it's worth 0.5 in the hand." But this doesn't seem right. Surely half a bird is worth less than half the value of a whole bird... especially if you are interested in keeping birds as pets.</blockquote>I also find it amusing when people say "I could care less." when they actually mean that they COULDN'T care any less. One of my favorite YouTubers, <a href="http://www.hotforwords.com/2008/10/11/could-care-less/">hotforwords</a>, comments on this in more detail.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com1tag:blogger.com,1999:blog-31227251.post-26152302835920062282009-03-29T10:36:00.002-04:002009-03-29T10:38:59.369-04:00XKCDToday's <a href="http://xkcd.com/">XKCD</a> is incredible (particularly because I am working on a paper regarding lock-in)!<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_Z0a6UM8QzKo/Sc-H4PTtwnI/AAAAAAAAAdY/GBh6YlC_1Uo/s1600-h/well.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 121px;" src="http://3.bp.blogspot.com/_Z0a6UM8QzKo/Sc-H4PTtwnI/AAAAAAAAAdY/GBh6YlC_1Uo/s400/well.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5318619085199491698" /></a>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-85556387642754752182009-03-29T10:30:00.004-04:002009-03-29T10:34:52.443-04:00Remembering FriedmanHis clarity and persuasiveness always amazes me.<br /><br /><embed src="http://www.nmatv.com/nvembed.swf?key=a0c0b97de5fb3b690855" width="480" height="370" allowscriptaccess="always" allowfullscreen="true" pluginspage="http://www.macromedia.com/go/getflashplayer" type="application/x-shockwave-flash" /></embed>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com1tag:blogger.com,1999:blog-31227251.post-92119259290988203882009-03-27T15:58:00.001-04:002009-03-27T15:59:12.858-04:00Learning by Doing<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/lV-iP1jSMlI&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/lV-iP1jSMlI&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-75789278699022070852009-03-25T16:53:00.001-04:002009-03-25T16:54:28.247-04:00Helmet LawsSome members of the motorcycle club I am in were discussing helmet laws. My comment follows:<blockquote>"I guess some folks' "personal liberties" are more important than safety."<br /><br />I think personal liberties are pretty important.<br /><br />Nothing is "safe," it is a matter of degrees. Crossing the road is unsafe. So is eating meat. Or breathing, even, since many germs are airborne (of course, not breathing is pretty unsafe too!). The question is not between personal liberties and safety. Instead, it is a matter of WHO gets to decide WHAT LEVEL of safety is appropriate for YOU. Those of us who prefer personal liberties think that YOU are in the best position to decide what is best for YOU. And, if you think otherwise, you can always put someone else in charge of your life (Isn't that what marriage is?).<br /><br />Surely you would not argue that riding a motorcycle is (a) 100% safe or even (b) safer than alternative forms of transportation. Yet YOU decide that the benefits from riding a motorcycle outweigh the potential costs of a motorcycle accident. And I respect your decision.<br /><br />My mom doesn't respect your decision. And she'd try to convince you it is a bad idea to ride... which is well within her rights to do. It would not be okay for her to lock you up or make you pay a fine for deciding to go for a jaunt on a Saturday afternoon. Yet this is exactly what laws like "You must wear a helmet" do. They say what most people feel is an appropriate decision for them and then force that decision on everyone else.<br /><br />So if you think everyone should wear a helmet, convince them. But using the force of law is inappropriate.</blockquote>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com1tag:blogger.com,1999:blog-31227251.post-56987302137358726872009-03-24T14:49:00.002-04:002009-03-24T14:55:44.609-04:00Fire Dennis!As Milton Friedman once said, "There is nothing more permanent than a temporary government program." But Dennis Lennox is trying to abolish a PERMANENT government position in Cheboygan, Michigan. HIS position.<br /><br /><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/FuBAHkfWV5Y&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/FuBAHkfWV5Y&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object><br /><br />Maybe libertarians should take note of this strategy...Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-74839587001116711482009-03-23T00:28:00.001-04:002009-03-23T00:29:31.354-04:00Blockquoting XI found this gem in the comments section at <a href="http://austrianeconomists.typepad.com/weblog/2009/03/study-habits-for-scholars-in-economics.html">TAE</a>:<blockquote> The best part of being a member of the AEA was that I received the directory of all assn. members -- with addresses, office phone numbers, even many with home phone numbers. As a junior I called Milton Friedman's office -- got his secretary and asked if I sent a copy of my Free to Choose book, would he and Rose sign it. Certainly he would, she responded, and off it went. I also called John Kenneth Galbraith's home (I don't recall if I got that number from the directory or from his department secretary). I wanted to drill him on his Keynesianism. Instead, his housekeeper answered and refused to allow me to talk to him.</blockquote>Very nice, Dr. Prychitko.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-21904887488909916262009-03-20T19:00:00.002-04:002009-03-20T19:04:49.840-04:00Blockquoting XX = Harold Demsetz:<blockquote>Whether the free enterprise solution can be improved upon by the substitution of the government or other nonprofit institutions in the financing of research cannot be ascertained solely by examining the free enterprise solution. The political or nonprofit forces that are substituted for free enterprise must be analyzed and the outcome of the workings of these forces must be compared to the market solution before any such conclusion can be drawn. (<span style="font-style:italic;">Information and Efficiency: Another Viewpoint</span>, p. 2)</blockquote>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com3tag:blogger.com,1999:blog-31227251.post-85155305065868974162009-03-18T00:00:00.008-04:002009-03-18T00:10:49.069-04:00Opening LineI have always wanted to write a novel. But the first line seems to be the selling point. How about:<blockquote>"We are free men. And free men must submit to authority." The words echoed throughout the room from a small radio in the corner.</blockquote>What do you think?<br /><br />Maybe I will just edit this and enter <a href="http://www.bulwer-lytton.com/#The%20rules">The Bulwer-Lytton Fiction Contest</a>. That seems like a more manageable task.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com2tag:blogger.com,1999:blog-31227251.post-4296117076525083852009-03-17T21:28:00.005-04:002009-03-23T10:34:44.789-04:00Blockquoting X<blockquote>It is game day every day for me. It is judgment day every moment of every day. It is only one way to play the game of life, and that is to play to win. Winning is a way of life. Winning is the only way. I no longer recognize or identify with the poor mentalities or mind states of the universe. I study hard, train hard, eat hard, sleep hard, vision big, think big, act big, and yet I still walk and talk with a sense of humility and peace. I’m so sincere people. I am so serious.</blockquote>Try not to laugh. Today's X is <a href="http://mauriceclarett.wordpress.com/2009/03/17/attitude-for-the-latitude/">Maurice Clarett</a>, former Buckeye running back, present prisoner at Toledo Correctional Institution, and (if you can believe it) blogger.<br /><br />He does not have an internet connection, so he must relay posts to friends and family via phone.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com1tag:blogger.com,1999:blog-31227251.post-65698423083755327792009-03-07T18:12:00.002-05:002009-03-07T18:13:54.796-05:00StatsFrom <a href="http://xkcd.com/552/">XKCD</a>:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SbL_h4St7nI/AAAAAAAAAbA/y3XXgXmkZwc/s1600-h/correlation.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 161px;" src="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SbL_h4St7nI/AAAAAAAAAbA/y3XXgXmkZwc/s400/correlation.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5310587868134895218" /></a>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com1tag:blogger.com,1999:blog-31227251.post-13055452791373798452009-02-12T14:53:00.005-05:002009-02-12T17:20:30.871-05:00On SettlingI just read an interesting article on settling written by <a href="http://www.theatlantic.com/doc/200803/single-marry">self-proclaimed feminist, Lori Gottlieb</a>.<blockquote>Whenever I make the case for settling, people look at me with creased brows of disapproval or frowns of disappointment, the way a child might look at an older sibling who just informed her that Jerry’s Kids aren’t going to walk, even if you send them money.<br /><br />[...]<br /><br />It sounds obvious now, but I didn’t fully appreciate back then that what makes for a good marriage isn’t necessarily what makes for a good romantic relationship. Once you’re married, it’s not about whom you want to go on vacation with; it’s about whom you want to run a household with. Marriage isn’t a passion-fest; it’s more like a partnership formed to run a very small, mundane, and often boring nonprofit business. And I mean this in a good way.</blockquote>Personally, I support the idea of settling. Finding the perfect person is just too costly. When do we hold out for the perfect anything? In a world where search costs are positive, we always settle. The more important question:What characteristics are most important and by what magnitude?<br /><br />It's entertaining. And something to think about. Certainly good conversation fodder for the upcoming Valentine's Day. ATSRTWT<br /><br />[HT: <a href="locustscreaming.blogspot.com/">Angela</a>]Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com3tag:blogger.com,1999:blog-31227251.post-4617761225786421562009-02-12T12:04:00.009-05:002009-02-15T21:04:16.853-05:00Considering Dating Pools<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SZR1Y777ifI/AAAAAAAAAaY/grJzkxSFVaQ/s1600-h/dating_pools.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 95px;" src="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SZR1Y777ifI/AAAAAAAAAaY/grJzkxSFVaQ/s400/dating_pools.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5301991732588284402" /></a><br />This <a href="http://xkcd.com/314/">XKCD</a> comic got me thinking this morning. I agree that the quantity of prospects might increase as one gets older. However, what is there to be said about the quality of these prospects? I drafted the following chart to help with this discussion.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_Z0a6UM8QzKo/SZjJWucdlsI/AAAAAAAAAag/WP026q1DFyg/s1600-h/Page_1.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 350px;" src="http://2.bp.blogspot.com/_Z0a6UM8QzKo/SZjJWucdlsI/AAAAAAAAAag/WP026q1DFyg/s400/Page_1.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5303209953490474690" /></a><br /><br />There are a few things to note about this graph. First, the shape of the curve f(x) is such that f'(x) < 0; for some initial age A to A + E, f''(x) > 0; from A + E to infinity, f''(x) < 0. This first derivative expresses that people are exiting the dating pool (by marriage, death, etc.). The second derivative states that they do so at an increasing and then decreasing rate (a lot of people exit around 23-30, while fewer exit from 40-50). The area under the curve is the total number of prospects in your non-creepy range.<br /><br />Suppose you are x years old (where x > 26). What can you conclude about your prospects? I'd suggest that those to the right of the dashed line are probably lower quality prospects. Probably. There are certainly some who have not yet married because they were focusing on their careers or traveling the world. But most are simply the leftovers.<br /><br />If we were to adjust the original XKCD findings to include a qualitative measure, we would essentially eliminate the area to the right of the dashed line. However, a portion of those to the left are low quality as well. This could be illustrated by shifting the entire f(x) curve down.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SZjJgRnFRHI/AAAAAAAAAao/mR1B6pJawA8/s1600-h/Non-creepy+ADJ.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 349px;" src="http://1.bp.blogspot.com/_Z0a6UM8QzKo/SZjJgRnFRHI/AAAAAAAAAao/mR1B6pJawA8/s400/Non-creepy+ADJ.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5303210117549081714" /></a><br /><br />Now let's think of this in a dynamic sense. Every year, your x moves one notch to the right. But, a batch of new prospects (NP) enter your non-creepy range on the left [recall that we are ignoring those entering on the far right because we already know they are low quality]. Of these new prospects, a portion of them are low quality, NP(LQ), and as such are above the red curve (but below the black curve). The rest, however, are average quality, NP(AQ).<br /><br />At the same time, a portion of the average quality prospects who had entered the dating pool in earlier years exit the pool (again, by marriage, death, etc.). Let's call them EP(AQ). The question, then, is whether NP(AQ) is greater than, less than, or equal to EP(AQ).<br /><br />I think some back of the envelope calculations would support the original XKCD hypothesis. Even adjusting for quality, your non-creepy dating prospects increase until around middle age.<br /><br />So don't feel bad if you are single on Valentine's Day. Unless you are middle aged or older...<br /><br />[HT: <a href="locustscreaming.blogspot.com/">Angela</a>]Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com2tag:blogger.com,1999:blog-31227251.post-56417760269796040252009-02-03T16:52:00.001-05:002009-02-03T16:52:47.458-05:00Nailed 'Em - Amtrak Photographer<style type='text/css'>.cc_box a:hover .cc_home{background:url('http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png') !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show a{color:#707070;text-decoration:none;}.cc_title a{color:#868686;text-decoration:none;}.cc_links a:hover{color:#67bee2;text-decoration:underline;}</style><div class='cc_box' style='position:relative'><a href='http://www.comedycentral.com' target='_blank' style='display:inline; float:left; width:60px; height:31px;'><div class='cc_home' style='float:left; border:solid 1px #cfcfcf; border-width:1px 0px 0px 1px; width:60px; height:31px; background:url("http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-out.png");'></div></a><div style='font:bold 10px Arial,Helvetica,Verdana,sans-serif; float:left; width:299px; height:31px; border:solid 1px #cfcfcf; border-width:1px 1px 0px 0px; overflow:hidden; color:#707070; position:relative;'><div class='cc_show' style='position:relative; background-color:#e5e5e5;padding-left:3px; height:14px; padding-top:2px; overflow:hidden;'><a href='http://www.colbertnation.com/' target='_blank'>The Colbert Report</a><span style='position:absolute; top:2px; right:3px;'>Mon - Thurs 11:30pm / 10:30c</span></div><div class='cc_title' style='font-size:11px; color:#868686; background-color:#f5f5f5; padding:3px; padding-top:1px; line-height:14px; height:21px; overflow:hidden;'><a href='http://www.colbertnation.com/the-colbert-report-videos/217341/february-02-2009/nailed--em---amtrak-photographer' target='_blank'>Nailed 'Em - Amtrak Photographer</a></div></div><embed style='float:left; clear:left;' src='http://media.mtvnservices.com/mgid:cms:item:comedycentral.com:217341' width='360' height='301' type='application/x-shockwave-flash' wmode='window' allowFullscreen='true' flashvars='autoPlay=false' allowscriptaccess='always' allownetworking='all' bgcolor='#000000'></embed><div class='cc_links' style='float:left; clear:left; width:358px; border:solid 1px #cfcfcf; border-top:0px; font:10px Arial,Helvetica,Verdana,sans-serif; color:#b9b9b9; background-color:#f5f5f5;'><div style='width:177px; float:left; padding-left:3px;'><a target='_blank' href='http://www.comedycentral.com/colbertreport/full-episodes/index.jhtml?episodeId=216617'>Colbert Report Full Episodes</a><br /><a target='_blank' href='http://www.colbertnation.com/the-colbert-report-videos/217077/january-28-2009/better-know-a-beatle---paul-mccartney'>Paul McCartney Appearance</a></div><div style='width:177px; float:left;'><a target='_blank' href='http://www.colbertnation.com/home'>Funny Political Videos</a><br /><a target='_blank' href='http://www.comedycentral.com/funny_videos/index.jhtml'>More Funny Videos</a></div><div style='clear:both'></div></div><div style='clear:both'></div></div>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-44938992784306145372009-02-03T14:21:00.004-05:002009-02-03T14:28:35.136-05:00Second AmendmentWho's rights are protected by the US constitution? I would say American citizens. <a href="http://www.youtube.com/watch?v=7vp7f1QKYmg"> Rahm Emmanuel </a>has a slightly different view (at least with respect to #2):<blockquote>If you're on that no fly list, your access to the right to bear arms is canceled. Because you're not part of the American family. You don't deserve that right. There is no right for you, if you're on that terror list.</blockquote>I wonder if being a member of the American family (whatever that means) is a precondition for other rights protected by the constitution. That could be scary. And, if not, what argument allows one to make the exception for the second amendment?Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-22031480929378193012009-02-02T19:44:00.001-05:002009-02-02T19:46:22.725-05:00Blockquoting XX = Caplan. On rigorously solving GE equations:<blockquote>There must be some journal that still takes these papers, but you don't want to be in it. Well, maybe you do. But you don't want to read it.</blockquote>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-4858571556329683132009-02-02T15:27:00.002-05:002009-02-02T15:33:25.288-05:00ZimTalkMy friend Braam Hanekom will be speaking at Harvard Law this month.<blockquote><span style="font-weight:bold;">Time and Place</span><br />Date: Monday, February 16, 2009<br />Time: 6:30pm - 8:30pm<br />Location: Ropes Grey, Harvard Law School<br />Street: 1563 Massachusetts Ave<br />City/Town: Cambridge, MA<br /><br /><span style="font-weight:bold;">Details</span><br />The Zimbabwe Kupemha is a dinner to raise money for PASSOP (People Against Suffering, Suppression, Oppression, and Poverty), an organization based in Cape Town, South Africa that works both with Zimbabwean refugees in South Africa and with those remaining in Zimbabwe. <br /><br />Braam Hanekom, the Chairperson of PASSOP, will be speaking at the event about the current situation in Zimbabwe, as well as about PASSOP's initiatives to aid Zimbabweans. Braam is regularly featured in South African media reports on the problems immigrants face in South Africa, in addition to the situation in Zimbabwe. Braam recently won the Inyathelo Award for Youth in Philanthropy, an award from the South African Institute for Advancement.</blockquote>Tickets are $20. Contact Leigh Ann for additional information: lwebster@jd10.law.harvard.eduWill Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-72134711023089823262009-02-02T14:25:00.003-05:002009-02-02T14:49:28.736-05:00Trust Us<span style="font-weight:bold;"><a href="http://my.barackobama.com/page/content/economicmeetings/">After all, you elected Us because We know best.</a></span> <br /><br />That seems to be the message broadcasting from the leader at the top of the party in power. In all honesty, I am becoming increasingly afraid of a full embrace of collectivism under Obama. I am typically quick to brush off all the right-wing propaganda. But three things have me second guessing this initial impulse:<br /><br />1. <span style="font-weight:bold;">Lot's of people love him.</span> And it's the do-anything-for-you sort of love. <a href="http://www.youtube.com/watch?v=QTb5EFZmgbs">Exhibit A</a>.<br /><br />2. <span style="font-weight:bold;">There is already talk of mandatory national service.</span> <a href="http://www.baltimoresun.com/news/opinion/oped/bal-op.rodricks25jan25,0,4432623.column">Exibit B</a>.<br /><br />3. <span style="font-weight:bold;">The so-called financial crisis.</span> And we will let Higgs' work on the Ratchet Effect stand as <a href="http://en.wikipedia.org/wiki/Ratchet_effect">Exhibit C</a>.<br /><br />If I am unnecessarily fearful, please correct me.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-83350587693184455022009-01-28T18:58:00.002-05:002009-01-28T19:07:46.211-05:00With all due respect, Mr. President...that is not true.<br /><br />So reads <a href="http://www.cato.org/special/stimulus09/cato_stimulus.pdf">Cato's full page advertisement in the NYT</a> in response to this quote from President Obama:<blockquote>There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.</blockquote>Cato lists many, many economists who disagree. <a href="http://www.cato.org/special/stimulus09/cato_stimulus.pdf">See the whole advertisement here</a> (including 8 signatures from GMU professors).Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-17443680527919092022009-01-27T19:16:00.004-05:002009-01-27T19:21:46.318-05:00The Bailout GameMove over Monopoly, there's a new game in town: <a href="http://www.thebailoutgame.us/"><a href="http://www.thebailoutgame.us/">The Bailout Game</a></a>.<br /><br />Gone are the days when only politicians in Washington could throw away vast sums of money on potentially failing banks. Now, you can try your hand at squandering tax dollars from the comforts of your own living room. But watch out. The evil recession is creeping up from behind.<br /><br />Seriously, though. If you have not seen this yet, check it out.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-2179810914267362562009-01-27T12:55:00.006-05:002009-01-27T13:06:28.244-05:00Manual JokesFrom page 6 of <span style="font-style:italic;">Getting Started with Stata for Macintosh</span>:<blockquote><span style="font-weight:bold;">Starting Stata from the Dock</span><br />You may wish to keep Stata in your Dock so that you can start it quickly. While Stata is still running, drag the Stata icon shown in the Dock either to a new position on the Dock or simply up and down again. After you quit Stata, its icon will remain in the Dock and can be double clicked to start the application.<br /><br />If you have many Stata projects in different folders, and you made differently named blank do-files for each folder, you can drag these to the Dock to start your work on each project. You could also add commonly used Stata data files to the Dock. There are many such shortcuts you could use. Pick your poisson.</blockquote>Some of you are still looking for the joke, Some of you assumed I made a typo. Two of you are laughing. And I know which two...<br /><br />For those of you without initials L. J. or K. S., <a href="http://en.wikipedia.org/wiki/Poisson_distribution">here is a hint</a>.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com2tag:blogger.com,1999:blog-31227251.post-56538507315575627372009-01-26T20:11:00.001-05:002009-01-26T20:13:19.460-05:00Quoting CaplanFrom this evening's class:<blockquote>Pareto efficiency: you still have to learn it. But if you are interested in doing policy analysis, it's basically useless.</blockquote>Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com0tag:blogger.com,1999:blog-31227251.post-23512121539960222902009-01-25T13:36:00.005-05:002009-01-25T13:46:26.672-05:00Lies, Damn Lies, and...Statistics.<br /><br />Unemployment in the US, <a href="http://www.bls.gov/news.release/empsit.nr0.htm">as of January 9</a>, is estimated to be 7.2 percent. This is certainly high by American standards, but the European Union averaged roughly 8.5 percent from 1996-2006 (<a href="http://www.eurofound.europa.eu/areas/qualityoflife/eurlife/index.php?template=3&radioindic=17&idDomain=2">Data</a>).<br /><br />I cannot help but ask: do we have an economic crisis or a media frenzy? Please, show me the numbers.Will Lutherhttp://www.blogger.com/profile/18245369390177307556noreply@blogger.com2