David R. Henderson

Archive for David R. Henderson

Tyler Cowen’s Expansive Definition of Externalities

Jeff Bezos can spend his money on himself, or he could give it to other people, so they could spend it on themselves. If he opts for the former, this is a clear-cut negative externality. Right? I think most economists would agree that that is a terrible argument. And yet, it seems to be what […]

Bob Murphy Show ep. 118: David R. Henderson on the Anti-Stimulus Bill, and Organizing a Protest of the CA Lockdown

Here’s the audio, and video below:

Wealth vs. Income Taxes

Ever since wealth taxes have entered the political discussion, I’ve been trying to put my finger on why they are even more destructive than income taxes. Some early attempts had people arguing that–if we assume assets are earning 3%–then a 3% wealth tax operates just like a 103% income tax. However, that wasn’t quite right, […]

Potpourri

==> Nelson Nash died in late March. This issue of Bank Notes has some tributes to him, including mine. (In the new Lara-Murphy Report [sub required] I have a longer one.) ==> In the latest Contra Krugman we talk about Krugman going after Stephen Moore. I thought Krugman’s crack about Freedom Fest was pretty low, […]

Nordhaus vs. the IPCC

Folks, this is really ludicrous. Look at the stuff I dug up from Nordhaus’ most recent model run. (Also, Tom and I walk through it on the latest Contra Krugman.) David R. Henderson catches the Niskanen Center crew likewise spouting nonsense on this. Note, I am choosing my words carefully. I don’t just mean, “Hey, […]

The Nobel Laureates

For those of you who are pure econ geeks, here are some links: ==> As usual, check out Tyler Cowen, on Paul Romer (make sure you read the thing about Romer saying World Bank reports couldn’t use “and” more than 2.6% of the words) and William Nordhaus. ==> Also as usual, the person whose take is […]

David R. Henderson on Trump’s First Year

I liked this piece by David, especially since I used the following two passages in the latest Contra Krugman (which hasn’t dropped yet): [A]lthough many Washington wags are shocked that Vladimir Putin may have cared enough about the U.S. election outcome to spend one hundred thousand dollars on Facebook ads, between 1946 and 2000, the U.S. […]

“That’s the Story of the Hurricane”

I am always happy to read a defense of the person receiving a Two Minute Hate, even if it’s a Fed official who seemed to subscribe to the Broken Window Fallacy. In that spirit, here is David R. Henderson defending William Dudley’s remarks about the hurricane. (Also notice Scott Sumner’s caveat in the comments.) To […]