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Art Laffer: Jerry Brown was California’s best governor
By: Brian Calle
11.11.2010
Reagan-era advisor and creator of the “Laffer curve” in economic theory Art Laffer gave the keynote address at the Pacific Research Institute’s annual dinner gala tonight in San Francisco. During a substanative tutorial on economic theory, taxation and government monetary policy Laffer, during the portion of the program that involved audience questions, called governor-elect Jerry Brown “this best governor California ever had” because of his economic policies.
Art, Laffer, Jerry, Brown, California, best, governor
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The Senate Looks Like a Toss-Up
By: Jeffrey H. Anderson, Ph.D
11.2.2010
As we begin Election Day, the Democrats not only appear poised to lose between 60 and 75 House seats (I'll defer to Jay Cost for the exact number), but they appear to have a roughly 50-50 chance of losing control of the Senate as well.
Senate, Look, Like, Toss-Up
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The Real Privacy Scandal On Social Networks: The Feds Are Spying On Their “Friends”
By: Calvin Young
10.23.2010
All the hoopla over the Wall Street Journal's so-called Facebook "privacy breach" article, it’s subsequent and curiously-timed MySpace followup, and also the New York Times’ take on the ability of Facebook advertisers to target ads for nursing schools to gay men is unwittingly creating cover for a social networking privacy issue that's much bigger.
Real, Privacy, Scandal, Social, Networks, Fed, Spying, Friend,
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Appeals bond cap on the table in New Jersey
By: Kelly Gorton
6.22.2010
John O'Brien of Legal NewsLine noted New Jersey's ranking in the U.S. Tort Liability Index: 2010 Report to promote pending legislation in the Garden State.
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Now You Should Be Really Fiscally Afraid in California
By: Steven Greenhut
1.16.2010
After reading a recent article I wrote about growing unfunded liabilities for public employee pensions and health care, a reader told me that it made him want to “burn his eyes out with red hot pokers.” Yes, the current situation – expanding debt, growing government, excessive pay and special privileges for government workers, thanks to union power – is not fun to read about. It can be downright scary, when one considers the financial mess that already is looming.
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CBO Underestimates Benefits of Malpractice Reform
By: Lawrence J. McQuillan, Ph.D
10.21.2009
Earlier this month, the Congressional Budget Office (CBO) said medical-liability reforms could save about $11 billion annually. This assessment is a gross underestimate of the potential benefits of reform and was intended to give cover to congressional Democrats who say malpractice-liability costs are trifling. But a full accounting shows the benefits would be a hefty $242 billion a year, more than 10 percent of America’s health expenditures.
Last year alone, damage awards for medical-malpractice claims reached $5.9 billion. Adding in legal costs, underwriting costs, and administrative expenses, total med-mal tort costs were nearly three times higher — $16 billion. From 1986 through 2002, the average insurance payment for a malpractice claim more than tripled to $320,000. The average jury award for medical liability was $637,134 in 2006.
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Cochrane Threatens Austrians More Than Krugman Ever Did
By: Carol Aregger
9.14.2009
Although some Austrian economists (e.g. Mario Rizzo) expressed disappointment with Chicago University economist John Cochrane's response to Paul Krugman's infamous NYT Magazine piece, for the most part the people on "my side" have high-fived Cochrane for kicking sand in Krugman's face.
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Even When Krugman's Right, He's Wrong
By: Carol Aregger
8.27.2009
Prashanth Perumal insisted that I comment on this Krugman blog post from January. The reason I didn't comment on it at the time was that my views here are rather nuanced. It's one of those tricky situations where I agree with Krugman that his opponents are wrong, but I deny that Krugman is therefore right.
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Santa Is a Hoosier
By: Benjamin Zycher, Ph.D
8.6.2009
You’d better not pout. You’d better not cry. The real Santa Claus knows if you’ve been bad or good, but when Barack Claus comes to town, he doesn’t care about the past. His eye is on 2010 and 2012 as he steers the reindeer hither and yon, dropping cash (and other things) upon those who promise to be good. And if he shows them the money, they’ll be as good as he wants.
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Christina Romer's Faulty Depression History
By: Carol Aregger
7.6.2009
Christina Romer, chair of the Council of Economic Advisers to President Obama, recently wrote an ode to Keynesian deficit spending as a method for curing severe recessions. Yet a simple glance at the big picture shows that the Keynesian story makes no sense.
Keynesian economics, Christina Romer
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Total Records: 42
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Business & Economics
