==> I don’t know this guy personally, but he is a “colleague of colleagues” and his story about typical police treatment of a black driver certainly sounds quite sincere. Interesting reading.
==> Can anybody confirm that this charge against Rand Paul is correct? (They are saying he deliberately quoted the Ayatollah out of context in order to bang the war drums.) This is the worst thing I’ve heard about him, so I don’t want to file it away as true in case the translation is dubious or whatever.
==> Mark Perry flags a really good gotcha on Krugman regarding the minimum wage. Just read the comparison of Krugman’s views from 1998 vs. 2015. In particular, the writer notes that Krugman today (while applauding Hillary Clinton for making higher wages part of her agenda, I note) wags his finger at those dastardly free market economists who won’t budge, even in the face of evidence like Card-Krueger. And yet, back in 1998–four years *after* the Card-Krueger paper was published (and five after the working paper was posted)–Krugman at that time said of their paper:
So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment. This theoretical prediction has, however, been hard to confirm with actual data. Indeed, much-cited studies by two well-regarded labor economists, David Card and Alan Krueger, find that where there have been more or less controlled experiments, for example when New Jersey raised minimum wages but Pennsylvania did not, the effects of the increase on employment have been negligible or even positive. Exactly what to make of this result is a source of great dispute. Card and Krueger offered some complex theoretical rationales, but most of their colleagues are unconvinced; the centrist view is probably that minimum wages “do,” in fact, reduce employment, but that the effects are small and swamped by other forces.
What is remarkable, however, is how this rather iffy result has been seized upon by some liberals as a rationale for making large minimum wage increases a core component of the liberal agenda…
Note, the point of this is NOT that, “But Bob, if we control for blah blah blah…” It is that Krugman’s current stories about what an openminded scientist he is, following wherever the evidence may lead, are extremely self-serving and far from accurate.
(Also note, I think the author at the link is a little off himself. He is taking Krugman to be endorsing the Econ 101 logic full-throatedly, but Krugman is in fact being more nuanced, even back then.)