Daniel Kuehn

Archive for Daniel Kuehn

Potpourri

==> A cool page on meteorite strikes; just watch it. (HT2 Daniel Kuehn) ==> On the Krugman/Reinhart-Rogoff exchange, unfortunately I suspected that there might be something fishy going on with their shocked, shocked reaction to claims that they didn’t share their data. I’m not completely certain of the true situation, but this Joe Weisenthal gloating […]

Optimal Stopping Time

This is a real thing in economics. Applied to “provocative” (not my term) essays, the rule is this: When you read: “the relationship between Nietzsche and the free-market right…is thus one of elective affinity rather than direct influence, at the level of idiom rather than policy,” …you can safely stop, and turn to something else. […]

Two Views (?) On Using Bets to Test Economic Theories

Back in December, when Brad DeLong said I needed to study at the feet of Krugman because I lost an inflation bet to David R. Henderson, and then Bryan Caplan objected to the tone of the statements, Daniel Kuehn wrote: I thought the whole point of betting on predictions was to weed out BS and […]

Road to Serfdom? Not on Daniel Kuehn’s Watch

Commenting on the Boston suspect: On this particular case, I don’t want to comment too specifically except to just make a blanket statement that I obviously think Tsarnev should be accorded the full protections of the Constitution. I hesitate to get outraged at what’s happened so far simply because my experience with Law and Order […]

A Note on Intellectual Honesty

[UPDATE: In hindsight, I wish I hadn’t cast this post as explicitly about “intellectual honesty,” because I don’t like it when DeLong, Krugman, et al. castigate their opponents as not being simply wrong, but being dishonest to boot. So, in retrospect I wish I had written this differently, to just explain why their use of […]

A Different Explanation of the “Productivity” and Wage Divergence

I have not read a single word from the EPI paper claiming that if the minimum wage had followed “productivity growth” it would now be $22/hour, so everything I am writing in this blog post is predicated on Daniel Kuehn’s interpretation being sound. Having said that, consider the following fable: In 1968, a nation of […]

More on Minimum Wage

Daniel Kuehn reproduced the following chart from an EPI paper: Daniel had this commentary: It’s an interesting approach. One does wonder why we should expect the minimum wage to be so damaging given that it grows so much slower than productivity (again – local markets matter – it may grow at a slower rate but […]

Others on the Minimum Wage

==> David R. Henderson writes a neat summary and critique of the Card & Krueger work. (Daniel Kuehn doesn’t get it.) In the comments, Bill Woolsey leaves a fantastic summary of the various issues. ==> Don Boudreaux says that if we can raise employment costs by 24% with no dire effect on employment, would it […]