EconoSpeak

John Cochrane thinks we liberals who think higher minimum wages can do some good by offsetting monopsony power fail to grasp labor economics. He is citing some work by Jeffrey Clemens, Lisa B. Kahn, and Jonathan Meer. Alas his blog post screwed up the link to this interesting paper: Compensation consists of a combination of cash and non-cash attributes, and depends on worker productivity. We also allow for the possibility of a bargaining wedge whereby the firm pays less in total...

Starting around 2011 or so, Donald Trump began to get a lot of attention on the looney racist right in the US by becoming one of the leading advocates of birtherism, the claim that Barack Obama was born in Kenya rather than Hawaii.  Of course, Obamam's father was born in Kenya.Now, curiously, Trump is at it again, although now involving his own family.  He has taken to claiming that his father was born in Germany.  His father's father was born there apparently, with the name "Drumpf."  But...

William S. Lind's cultural Marxism conspiracy theory boils down to the claim that in his essay, "Repressive Tolerance," Herbert Marcuse "called for tolerance for all ideas and viewpoints coming from the left and intolerance of all ideas and viewpoints coming from the right" and that college administrators and professors have put Marcuse's proposal into practice in the form of "Political Correctness."Marcuse did indeed make a statement that seemed to propose exactly that: "Liberating...

...it would be absurd to subscribe to the author the unintended consequences of an author's statements without considering the circumstances which surround them. It is, however, equally absurd to pretend that the ideological history of a work's consequences are entirely extrinsic. -- Jürgen Habermas With all its limitations and distortions, democratic tolerance is under all circumstances more humane than an institutionalized intolerance which sacrifices the rights and liberties of the...

On March 15 a gunman opened fire on worshipers in two Christchurch mosques, killing 50 and wounding around the same number. Survivors of gunshot wounds often have traumatic injuries that require multiple surgeries and leave them severely disabled for life. Before embarking on his rampage, the alleged gunman broadcast over the internet a "manifesto" outlining the motive for his deed.In his manifesto, the alleged perpetrator claimed to have had "brief contact" with "Knight Justiciar" Anders...

Three weeks ago my wife and our daughter and I were in Moscow to celebrate her mother's 90th birthday (which was on March 10).  Somehow when I woke up today it occurred to me that a man born on the same day could have joined the Soviet army and participated in the final push into Berlin for the defeat of Hitler.  Likewise in the US a man born on the day could probably have gotten into the US military and participated in the final actions in Europe or the Pacific of the war. But probably few...

The terrorist mass murder in Christchurch, New Zealand two weeks ago has sent me back to my archives to retrieve my documentation of Anders Breivik's extensive plagiarism of the writings of William S. Lind, et al.Did I say "extensive" plagiarism? Breivik copied and pasted the whole 19,000 word pamphlet, making minor revisions here and there and deleting around 4,000 words that dealt with more arcane academic topics, such as Derridean deconstruction. Below is an example of the markup...

I confess. I posted The Barr Letter and Useful Idiots of the Jaded Left to troll for tin-foil hats. I am agnostic on the Mueller investigation. I have never viewed Mueller, Comey or Rachel Maddow as the savior of truth, justice and the American Way. My objection to Taibbi, Greenwald et al.'s gloating is primarily against their premature ejaculation -- although their glee is also reprehensible under the circumstances.But here is the thing about tin-foil hat thinking: if you are going to...

Trump and his supporters have been loudly claiming that the Barr letter about the Mueller report has shown "no collusion!" which has been shouted loudly from the rooftops, with many supposedly respectable sources such as the New York Times agreeing with this assessment, thus supporting the long running Trump/Hannity repeated claim.But I note that the big headline on this morning's Washington Post was "Mueller Finds No Conspiracy," not "No Collusion."  Indeed, a careful reading of the clearly...

As everyone knows by now, President Trump has been totally "exonerated" for everything, ever, by a four-page letter from William Barr, the Attorney General whom he appointed expressly to "exonerate" him. With regard to potential obstruction-of-justice, on page three of his letter, Barr cited Special Counsel Mueller's statement that "while this report does not conclude that the President committed a crime, it also does not exonerate him."Understandably, Trump's allies and surrogates are...