==> I know, I know, I have a grudge when it comes to Krugman. When he says things that will mislead 98% of his readers on what the published literature says, I feel the need to blog about it. Call me crazy. In this case, I contrast Krugman’s remarks about the irrelevance of tax cuts to economic growth, with a 2010 Romer paper.
==> Speaking of the US history of marginal income tax rates and economic growth, check out this post. I particularly liked the author’s link to this CRS report contrasting the statutory top rates with the effective marginal rates; I need to look into that to see if it’s valid. If so, that goes a long way to explaining the mystery here (for those who think incentives affect economic decisions).
==> David R. Henderson takes a nuanced position on the new laureate Jean Tirole. Henderson argues that Tirole actually was not the huge foe of big business that the Nobel committee describes; instead (David claims) Tirole is being pigeon-holed. I don’t know enough about him to independently weigh in; we used some of his stuff in game theory in NYU, but that was more theoretical rather than pertaining to policy.
==> Jeff Tucker on government quarantines. Is this worth me writing again on? (Recall I wrote on Ebola back in August.) If so, tell me what gaps are missing in the libertarian position. And remember…I’m not a medical doctor.