Dave Lambert pointed me to this new Kauffman Foundation paper by Tim Kane about job creation in the US.  Then Will Ambrosini pointed to this Growthology post Buy Lasix Online Without Prescription, which reproduces the money diagram from page 5 : Look carefully.  Then think about this statement about US...

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Jeff Miller has done a couple of nice posts on "A Simulation of Angel Investing" here and here Buy Neurontin Online Without Prescription, . I think it's terrific that Jeff actually asked the question and tried to answer it with simulation. Buy Neurontin online no prescription, However, his answer of 20...

On a recent business trip trying to drum up support for RSCM Buy Lipitor Online Without Prescription, , someone asked Dave and me why such obviously talented guys were starting a fund instead of a company. I've been thinking about that question for the last week and have a much better answer than the one I...

In A World of Goodies Buy VPXL Online Without Prescription, , I tried to explore the implications of creating a currency based not upon scarcity but on abundance.  The concepts in that piece were only half-baked and I'd like to bake them a bit more here.  I'm hoping you will help. The first task is to...

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Like many libertarians, I feel that small government is an eminently practical rule of thumb proven by hundreds (if not thousands) of years of observation. So when Rafe recently posted in response to a presentation that David Cameron made at TED, it got my dander up. Calling the small government philosophy,...

Rafe linked to this essay by Robert Reich.  I don't have much of a problem with his first point backing Obama's plan to offer a tax credit for hiring.  I think temporarily suspending the employer's share of payroll tax is a better mechanism (as suggested by Bryan Caplan a year ago), but close...

The trials chronicled in Part I have a happy ending.  I eventually obtained an excellent individual plan from Assurant Health. I followed my own advice and got a high deductible plan that covers no primary care. I thought it would be worth comparing to the traditional PPO coverage I had previously. The...

As you may recall, I previously posted about my recommendations for fixing health care (Part I, Part II, Part III). Recently, I had to navigate the current system and thought I'd share my experience in the context of those recommendations. You see, COBRA ran out on my health insurance from the last startup I...

I'm usually a rather optimistic person.  But yesterday, I thought I saw a sign of the apocalypse and panicked.  The usually insightful Coyote Blog posted a chart that I interpreted as saying that the number of people on government payrolls was now larger than the number of people on private payrolls in the...

The truth is out there. Finally. The NYTimes has a piece on the problems and differences between generic and brand name drugs. Think they are the same? Think again. The article is excellent and I recommend everyone read it. As usual, I will quote liberally, with some of my own commentary. But there is a...

As I have written before, one of my goals is to resolve the differences between Arnold Kling's and Scott Sumner's views on macroeconomics. There is now some evidence that I may actually understand what is going on. Will Ambrosini, wrote about a Blanchard and Gali paper that combines two standard...

Tim Harford has a good analysis of the latest research on micro-lending's effect on poverty.  The basic result is that the near and medium term effects are extremely modest.  This isn't too surprising given the relative magnitudes of the intervention and the problem. But there was always hope that a...

Michael Pollan, as always, making perfect sense: Now watch Will Allen on urban...

Ever since he taught my Econ 1 class, I've liked John Taylor.  He always struck me as a practical guy, especially for a macroeconomist. So I was not surprised at what I found when I followed Arnold Kling link to Taylor's analysis of the stimulus.  Using Department of Commerce data, he calculates that a...

The following question was given as a homework problem in a course I'm TAing: CNBC had an interesting program on the current financial crisis. They located one investor who noticed that since the late 1990's housing prices have been growing 10 percent every year (that is, each year, the average home price...

Having addressed the uninsured and doctor's visits, the next health care problem on my list is hospital spending. It represents the largest share health care costs, $696.5B in 2007 or roughly 32%. Now, it's worth repeating that I don't object to increased spending per se. It might be perfectly normal...

Don't throw the data mining baby out with the black swan.  It's what you DO with the data that creates problems, not the misunderstanding according to Taleb himself.  If policy makers aren't looking at this, they're not changing anything: "So the central lesson from decision-making (as opposed to...

A superb discussion of the need and risks of financial innovation.  Evolution, complexity, simplicity, and why an equivalent of an FDA approval process may be just what the doctor ordered.  Unfortunately critical thinking is probably still required: “We are told, particularly in the U. S., that...

Via the indispensable Tyler Cowen, a new paper from Johnson and Fowler explores whether overconfidence is, in fact, adaptive. They show that it it is under some very reasonable assumptions.  They model competition for resources as a two-player game and then analyze the evolutionary dynamics of populations...

Now that we've solved the problem of the uninsured, it's time to move on to the problem of doctor's visits. Spending on physician and clinical services was $479B in 2007, 22% of total health care spending. Only hospital spending accounts for a larger share at 32% (I'll be addressing this category in a...

Declan McCullagh of CBSNews reports that a Department of Treasury analysis released under the Freedom of Information Act estimates that a cap and trade program would raise $100B to $200B a year in taxes. Those taxes come from us one way or another. Recall that my estimate of the cost to cover the uninsured...

A wonderful historic analysis of economics (as a struggling social science) giving a huge shoutout to complexity: "This recognition that the economy is complex is not a new discovery. Earlier economists, such as John Stuart Mill, recognized the economy’s complexity and were very modest in their claims...

If you do nothing else intellectual this Sunday, do these two things: (1) Read Tyler Cowen's NYTimes column on how the bestowing of political favors was at the heart of the financial crisis and how we're about to make the same mistake with health care. (2) Remember Norman Borlaug.  He is the scientist...