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Japan PMI "Strongest Since March": Does That Mean "Strong"?

The spin in media reporting, in both directions (but typically bullish), is pervasive.Here is a case in point. Markit reports Japan PMI Points to Strongest Manufacturing Expansion Since M...


When do economists matter?

Christopher D. Johnston and Andrew Ballard have a new paper on this neglected topic, the abstract is this: Given an increasing presence in the public sphere, what role do economic experts...


China Manufacturing PMI Treads Water

Chinese manufacturing is once again treading water, barely above contraction according to the HSBC Flash China Manufacturing PMI. Key pointsFlash China Manufacturing PMI™ at 50.3 in Augus...


Parking Is Hell (Rebroadcast)

There ain't no such thing as a free parking spot. Somebody has to pay for it -- and that somebody is everybody.


(Not) The Leader of the Pack: Wisconsin and Her Neighbors

Today the Philadelphia Fed released coincident indices for the states and the US. Wisconsin outperforms Kansas — a very low bar — and yet has lagged all her neighbors. Conside...


Acemoglu and Robinson on Piketty

There is a new paper out by them: Thomas Piketty’s recent book, Capital in the Twenty First Century, follows in the tradition of the great classical economists, Malthus, Ricardo and...


Wednesday Night

Tomorrow is Thursday. #shocker


Fargo

Frances McDormand couldn't play the part now, I guess.



Paul Krugman on Why We Fight

(August 21, 2014 12:10 AM, by David Henderson) I often criticize Paul Krugman's writing on economics. But I also give him credit where credit is due. And credit is due for his excellent r...


What's the Use of Crying Over Spilled Blood?

(August 21, 2014 12:04 AM, by Bryan Caplan) The U.S.-led invasion of Iraq in 2003, you may recall, was dubbed Operation Iraqi Freedom.  Eleven years and over 100,000 civilian deaths ...


Rare Midsize Black Hole

NASA: Astronomers from the University of Maryland, College Park (UMCP) and NASA’s Goddard Space Flight Center have uncovered rhythmic pulsations from a rare breed of black hole in a...


Reconsider That Happy Narrative About Minimum Wages

(Don Boudreaux) One of George Mason University’s star PhD economics students, Ms. Liya Palagashvili, along with a GMU undergrad student, Ms. Rachel Mace (who was taught recently in ...


Who-d a-thunk it? Game ranching and private ownership of wildlife for hunting, tourism and meat are saving rhinos, etc.

There’s a pretty interesting and stark contrast between two completely different approaches to saving wildlife in Africa (rhinos, elephants, lions, leopards and African buffaloes, e...



Hasn’t law enforcement become more dangerous, justifying the United States of SWAT? No, it’s actually safer than ever

Here’s a shortened version of Daniel Bier’s excellent article in The Freeman, “By the Numbers: How Dangerous Is It to Be a Cop?”: Defenders of police militarizatio...



A Mississippi hairbraider challenges state cosmetology cartel and wins victory for economic freedom and entrepreneurship

From Reason.tv: Hairbraider Melony Armstrong just wanted to earn an honest living. Armstrong had learned how to braid hair from an renowned expert in Atlanta, and she had the drive to ope...



Election Jackpot Scratch and Sniff: LA Proposes Free Lottery Tickets if You Vote; Romney Says Obama Worse Than Expected

Turnout in some Los Angeles elections is so low that LA Considers Giving Citizens Lottery Tickets if they Vote. With as few as 8% of registered voters showing up to vote in some recent e...


10 Wednesday PM Reads

My afternoon train reads:  • How can you have euphoria when nobody gives a sh*t? (Reformed Broker) see also Seventy Years After Stock Market Crash, Six of Ten American Households Invested...


Looks Like The Perfect Spot For A Convention Center

I mean, who wouldn't want to go to a convention there?It'd be great if occasionally we "wasted" money on actual nice things that benefited residents.


Germans Happily Pay More for Renewable Energy. But Would Others?

Germany has embraced subsidies for renewable energy, but not every country is willing to bear the economic burden



Argentinian Peso in Massive Slide; Argentina’s Bonds Decline on Plan to Offer Local-Law Swap

In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on a small group of hold-outs demanding full payment on otherwise restructured government bonds.The problem w...