This is already all over the Internet but I could not help myself posting it here:
The Tax Poem
Tax his land, tax his wage,
Tax his bed in which he lays.
Tax his tractor, tax his mule,
Teach him taxes is the rule.
Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirts,
Tax his work, tax his dirt.
Tax […]
Roger Pielke, Jr. writes:
Brad DeLong emailed me with a verbatim version of comments entered on my post about his attack-by-proxy on me by someone named “brad”. I had assumed that “brad” was not Professor Brad DeLong because “brad“‘s comments were so sophmoric and inane, but apparently they are one and the same person.
(…)
A comment shows up:
Roger, I find […]
Everything that starts out as a cultural revolution ends up as capitalist routine.
One of the most common ideas about the behavior of a perfectly structured market is that it would provide higher rewards for people who work harder. In the end, this is how it should work, this is the fair way to distribute income - rewarding effort, punishing idleness. Or should it?
Keith Hennessey, at Freakonomics:
Since much of economic policy is determined by law, rather than executive action, the biggest constraint is “How many votes can you get for that?”
Read the rest, it is quite entertaining.
In modern societies the bulk of political discussions about what set and structure of political and economic institutions would serve the society best revolves around the question of how much market regulation there should be.
Hal Varian says:
If you are looking for a career where your services will be in high demand, you should find something where you provide a scarce, complementary service to something that is getting ubiquitous and cheap. So what’s getting ubiquitous and cheap? Data. And what is complementary to data? Analysis. So my recommendation is to take […]
This is a wonderful quote from Warren Buffett:
Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of […]
Just for the record, as the economic blogosphere and mainstream media have already been commenting on this for hours: this year’s Nobel laureate in Economics is Paul Krugman, a scientist known mostly for his work on economic geography and foreign trade and also from his left-wing column in New York Times. His sharp public profile […]