Could you design an entire set of Christmas cards from these famous economists' actual quotes to the University of Chicago? Might it make the perfect new line of season's greetings from Hallmark? Why yes, it really could.
Thursday, December 26, 2013
"In some Cases non-pecuniary values are important"
If economists wrote Christmas cards
Friday, December 13, 2013
Khan Academy Figured out the Minimum Wage.
It's really not that difficult. Even a Constitutional Law Professor could figure it out. Algebra is 8th grade level. Shouldn't be that challenging.
https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/deadweight-loss-tutorial/v/minimum-wage-and-price-floors
https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/deadweight-loss-tutorial/v/minimum-wage-and-price-floors
Why Not Medicare for All?
The answer is not that difficult: Because it is fiscally unsustainable.
From The Urban Institute:
So again I ask my friends on the left: What is your plan? Obamacare is a mess and the more honest among you realize the issues are much deeper than an website. At least in some of your talking points you proclaim Obamacare wasn't your idea, it was the Republican's idea. So what is YOUR idea? Medicare for all? How will you pay for it?
From The Urban Institute:
Monday, November 25, 2013
Quote of the Day
Bill
"Under our system of justice the grand jury
must have probable cause to believe all the elements of a criminal
offense are present. It is simply not sufficient that a person’s behavior was reprehensible, disgusting, meanspirited or just plain stupid.”
Ohio Attorney General Mike DeWine, explaining the indictments handed down today in the Stuebenville Rape Case.
Ahmen
Eli
Take The Wind
Bill,
There was the inevitable media back-and-forth about over Bill Belichick's decision to give the ball to Peyton Manning in overtime in favor of having the wind at the Patriots' back, thus taking the risk that the greatest quarterback of his era (except when he plays the Patriots), would beat him before the quarterback with the all-time highest won lost percentage) ever had a chance to take the ball. The consensus among the gurus was that while events vindicated Belichick's choice, the outcome might well have gone the other way.
What the smart guys with the pens and the microphones are missing, I believe, is that at some level, Belichick doesn't care about the outcome. Now that might sound like a silly thing to say about one of the most successful coaches in NFL history. Of course, he wants to win, desperately. Winning is the only measure of success that matters to him. But in that pursuit, he understands with ruthless clarity the difference between what he can control and what he can't. He can't control injuries to individual players, so he refuses to invest extravagantly in any one of them, and concentrates on maintaining as even a quality as possible throughout the roster. Thus, in a season where he has lost his 2 best defenders, the Patriots defense is still performing at a relatively high level in the only category that counts. He can't control the officiating, so he has no interest in reacting to the egregious non call that went against the Patriots in last week's lost to Carolina. And he can't control the elements, so given the choice he had, he made the risk benefit calculation that Manning would fail to move the ball against the wind once more, as he had failed all night long.
Most critically, he doesn't care what you or I or the talking heads, or the fans or even his players think. He believes in himself.
What sort of training, you might wonder, help provide Belicheck with such such decision making skills? You'll be happy to recall that as a member of the Wesleyan class of 1975, he majored in economics...
Eli
There was the inevitable media back-and-forth about over Bill Belichick's decision to give the ball to Peyton Manning in overtime in favor of having the wind at the Patriots' back, thus taking the risk that the greatest quarterback of his era (except when he plays the Patriots), would beat him before the quarterback with the all-time highest won lost percentage) ever had a chance to take the ball. The consensus among the gurus was that while events vindicated Belichick's choice, the outcome might well have gone the other way.
What the smart guys with the pens and the microphones are missing, I believe, is that at some level, Belichick doesn't care about the outcome. Now that might sound like a silly thing to say about one of the most successful coaches in NFL history. Of course, he wants to win, desperately. Winning is the only measure of success that matters to him. But in that pursuit, he understands with ruthless clarity the difference between what he can control and what he can't. He can't control injuries to individual players, so he refuses to invest extravagantly in any one of them, and concentrates on maintaining as even a quality as possible throughout the roster. Thus, in a season where he has lost his 2 best defenders, the Patriots defense is still performing at a relatively high level in the only category that counts. He can't control the officiating, so he has no interest in reacting to the egregious non call that went against the Patriots in last week's lost to Carolina. And he can't control the elements, so given the choice he had, he made the risk benefit calculation that Manning would fail to move the ball against the wind once more, as he had failed all night long.
Most critically, he doesn't care what you or I or the talking heads, or the fans or even his players think. He believes in himself.
What sort of training, you might wonder, help provide Belicheck with such such decision making skills? You'll be happy to recall that as a member of the Wesleyan class of 1975, he majored in economics...
Eli
It's Not The Rollout That Counts
Bill
It's the finish
New England 34 Denver 31
If only the Obama team could make adjustments the way the Patriots can.
Eli
It's the finish
New England 34 Denver 31
If only the Obama team could make adjustments the way the Patriots can.
Eli
Sunday, November 24, 2013
Denver 24, New England 0
New England looks so bad, it's as if they are channeling the roll-out of Obamacare.
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