"In Berkeley, we are addicted to high taxes—in the 25 years I’ve lived here, I can’t even count how many times I and my fellow citizens have said a resounding yes to yet another tax hike or bond measure. Two weeks ago, I got my money’s worth."
Would you like to play get the economist? Reading Chicago economics prof Casey Mulligan trying to make sense of job losses in the recession is fun for everyone.
It's this kind of fun: "Payroll spending now exceeds what it was when the recession began, yet employment remains millions lower. Apparently, payroll spending is not enough to bring those jobs back." Hmm, if only I could find a model that accounts for that! Is there any conceivable reason that there would be fewer people making, all told, more money in America today?
This is what happens when people start working with pure numbers: real-world motivations stop making [...]
"[Minnesota] Republican gubernatorial candidate Rep. Tom Emmer said the state could gain jobs if employers could a pay a lower hourly wage to employees who earn a lot of money from tips." -Sure. It's a plan?
Yesterday's defeat of a gay marriage bill in the New Jersey Senate is just one more disappointment in a string of bitter losses for those who seek equal justice under the law. Sure, other countries don't seem to have a problem making fairness legal, but here at home, at the state level, we have apparently decided that we're not going to play along. Many of the objections you hear center around religion, but the sorry undercurrent behind the unwillingness to grant the same rights to homosexuals that their fellow citizens already enjoy and frequently abuse is actually one concerning politics and economics, i.e., in These Troubled Times legislators [...]
"New Frontier Bank was chartered in a double-wide trailer in 1998. Founder Larry Seastrom raised capital by selling shares – at $10 apiece – to 181 friends and neighbors. As the bank grew, the shares soared in value, reaching $110 at their peak in 2006. Now, the bank has been shut down and the shares are worthless."