HispanicPundit + cato   75

Reflections on Carey at Cato, Bryan Caplan | EconLog | Library of Economics and Liberty
8. If Hanushek's "effects of math and science scores" are disguised "effects of IQ", does this mean that all international IQ differences are genetic?  Of course not.  International IQ differences depend on genetics, educational environment, and non-educational environment.  My doubts about the power of educational environment leave both other explanations on the table.  Indeed, you can doubt the power of education but still suspect it makes a slight difference, which is probably the most reasonable view. 
signaling  Caplan  debates  Cato 
february 2018 by HispanicPundit
The Fatal Flaw in John R. Lott Jr.’s Study on Illegal Immigrant Crime in Arizona | Cato @ Liberty
Lott erroneously assumed that the third category, called “non-US citizen and deportable,” only counted illegal immigrants. That is not true, non-US citizen and deportable immigrants are not all illegal immigrants. A significant proportion of non-U.S. citizens who are deported every year are legal immigrants who violate the terms of their visas in one way or the other, frequently by committing crimes. According to the American Immigration Council, about 10 percent of people deported annually are Lawful Permanent Residents or green card holders—and that doesn’t include the non-immigrants on other visas who were lawfully present in the United States and then deported. I will write more about this below.
Immigration  crime  lott  Cato  nowrasteh 
february 2018 by HispanicPundit
The Interest Rate is a Price, not a Prediction – spottedtoad
I’d like, however, to press a more subtle, though potentially more damaging, concern. Lower population growth rates have the potential to undermine the virtuous cycle of risk-taking and innovation. Without policy changes, economies will find themselves trapped in rapid boom-and-bust cycles that net out to pathetically slow growth rates even in per capita terms.
population  innovation  economic-growth  SpottedToad  Cato 
february 2018 by HispanicPundit
Proposition 187 Turned California Blue
...a pretty deep dive into Proposition 187 and 1990s politics in California and Texas. Turns out that the GOP's embrace of nativism turned the state blue.
California  immigration  hispanic  Prop187  CATO 
july 2016 by HispanicPundit
Goodman on Henderson on Krugman | John Goodman's Health Policy Blog | NCPA.org
Michael Stroup has shown that the Bush tax cuts actually made the tax system more progressive than it was and so did other Republican tax cuts, including the capital gains tax cut pushed on President Clinton by a Republican Congress. If high incomes are growing faster than other incomes, the tax system will naturally look more progressive. But the main reason almost half the country pays no income tax is because Republican tax legislation explicitly took them off the tax rolls. Then let’s not forget that (Nixon’s) Earned Income Tax Credit is Milton Friedman’s negative income tax.
CATO  goodman  progressive  krugman  henderson  republicans  sidebar  tax-cuts 
july 2013 by HispanicPundit
The Duty to Give Away Everything You Don't Need, Bryan Caplan | EconLog | Library of Economics and Liberty
A view of property rights that would REQUIRE you to give everything you have, in excess of substance living, to the truly poor.
CATO  poverty  caplan  philosophy  property-rights  sidebar  moralissues 
march 2013 by HispanicPundit
Brink Lindsey on postwar growth: Making the case for dirigisme.
I don't have a big problem with those policies (though certainly it's hard to be so blasé about financial deregulation writ large) but note that none of them relate to aspects of postwar state capitalism that Lindsey attributed the growth miracle to. Brining price competition to the passenger aviation and interstate trucking industries didn't require us to start scaling back investments in infrastructure and human capital. Indeed, the thrust of Lindsey's initial analysis is that massive government-directed investments in education, transportation, and communications infrastructure are so amazingly beneficial that they swamp the negative impact of other bad aspects of our 1950s and 1960s policy paradigm.
sidebar  yglesias  lindsey  cato  infrastructure  history  brentonwoods 
november 2012 by HispanicPundit
The auto bailout: Why Obama wanted a bailout for Chrysler and GM
The executives had no desire to put unions ahead of bondholders or bolster the re-election of a president who hadn't even been inaugurated yet. If they could have organized a Chapter 11 bankruptcy they would have. But they couldn't. Given the financial crisis they were going to be forced into a Chapter 7 liquidation. That's what happened to Borders a little while back. They literally sold everything in the stores—including the lamps and the shelves—and then gave whatever money that raised to the bondholders. But liquidating an ongoing manufacturing enterprise is much uglier than liquidating a bookstore. Nobody really needs half a car factory.
All things considered, I still think liquidation combined with a gigantic helicopter drop of money on Michigan and Oghio would probabl have been a better policy than government-organized bailout. But the Chapter 11 option O'Toole is recommending wasn't on the table. If it had been, everyone from the executives to the administration would have pre
sidebar  CATO  yglesias  obamaadministration  unions  bailouts 
september 2012 by HispanicPundit
Is Damon right on teachers’ ‘shitty’ salary? — Joanne Jacobs
On a per-hour basis — using reported hours worked in a year — teachers do well compared to other college-educated professionals, even when fringe benefits are excluded, he argues.
teachers  wages  CATO  jacobs  sidebar 
august 2011 by HispanicPundit
TheMoneyIllusion » Still not blogging (Comments on Brink Lindsey)
So Denmark isn’t just the most free market economy, and the most egalitarian, and the most civic-minded, and the happiest.  It’s also the most entrepreneurial.  And is has the world’s best restaurant.  Thank God the weather will always be awful.  Oh wait  . . .  global warming is coming.
denmark  entrepreneurs  CATO  sumner  sidebar 
april 2011 by HispanicPundit
U.S. Tax Code Is One of World's Most Progressive | John Goodman's Health Policy Blog | NCPA.org
# The top 1 percent of taxpayers pay 38 percent of all the income taxes despite having just 20 percent of the income.
# The top 10 percent of taxpayers pay 70 percent of the income tax while having just 46 percent of the income.
# At the other end, the bottom 50 percent of taxpayers pay just 2.7 percent of the income tax while having 13 percent of the income.
taxes  progressive  cato  goodman  sidebar 
april 2011 by HispanicPundit
The national-greatness imperative: Why neocons think we need war | The Economist
Over at Cato Unbound (I used to be the editor), C. Bradley Thompson, a professor of political science at Clemson University and author of "Neoconservatism: An Obituary of an Idea", offers a fascinating critical summary of the content of neoconservatism as practical political creed, which is, more or less, Irving Kristol's operationalisation of Leo Strauss' political philosophy. The piece is too rich to fairly summarise, and I encourage you to read it all. For now I want to focus on the elements of neoconservatism that help explain the alarming truculence of its adherents.
neocons  history  cato  wilkinson  economist  sidebar 
march 2011 by HispanicPundit
Greg Mankiw's Blog: Tax Fact of the Day
"The U.S. effective corporate tax rate on new investment was 34.6 percent in 2010, which was the highest rate in the OECD and the fifth-highest rate among 83 countries. The average OECD rate was 18.6 percent, and the average rate for 83 countries was 17.7 percent."
corporate  cato  mankiw  sidebar 
february 2011 by HispanicPundit
Yglesias » Parking Feedback Loops
It’s perfectly appropriate that some places are built around this dynamic. Everyone owns cars so all the retail facilities assume car ownership so anyone who moves there buys a car. But it’s pernicious that in many metro areas all places are like that. And mandatory parking regulations essentially make their emergence inevitable. There are tipping points where you either have a critical mass of retail that’s meant to be accessed on foot, or else you don’t.
parking  cowen  EconomicView  CATO  yglesias  sidebar 
december 2010 by HispanicPundit
Free Parking and the Geography of Cities | Cato @ Liberty
As Jane Jacobs pointed out, pedestrian traffic is highly sensitive to density. Even a modest reduction in the density of a neighborhood can have a big effect on pedestrian traffic. And as the number of pedestrians falls, so too will the number of businesses that cater to pedestrians. So it’s probably true, as O’Toole says, that charging for parking spaces wouldn’t dramatically reduce the amount of driving people do. But this is partly because the proliferation of parking lots has made walking impractical. Fewer free parking spaces wouldn’t just raise the price of car ownership; it would make car non-ownership more pleasant and convenient.

Government regulations often have subtle unintended consequences. Parking regulations have been on the books so long that the results have come to seem perfectly natural to us. But free markets are unpredictable. If developers had the freedom to decide how much parking to supply, the results might surprise us.
parking  cowen  EconomicView  CATO  sidebar 
december 2010 by HispanicPundit
Free Markets for Free Parking | Cato @ Liberty
"Shoup assumes that every municipality in the country has such parking requirements, even though many do not, and that without such requirements there would be less free parking. This last assumption is extremely unlikely, as entrepreneurs everywhere know that (outside of New York City) 90 percent of all urban travel is by car, and businesses that don’t offer parking are going to lose customers to ones that do."
parking  cowen  EconomicView  cato  sidebar 
december 2010 by HispanicPundit
Did The Americans With Disabilities Act Work? - NYTimes.com
"O.K., but did the A.D.A. actually work as well as its advocates predicted? Maybe so, but you wouldn’t know it from Cohn’s post. He supplies absolutely no evidence to back up the claim that the act was an obvious success story, while linking (in a throwaway, “the critics were not totally wrong” aside) to Walter Olson’s post on the subject for the Cato Institute, which marshals plenty of actual facts and figures suggesting that it hasn’t. Among other seemingly telling points, Olson notes that labor force participation for the disabled actually declined after the A.D.A.’s passage — whereas Cohn’s entire case for the act (and for the shocking extremism of any Republican who wouldn’t vote for it) consists of a story about “a disabled college student in the early 1990s, who observed that people were less hostile when he took city buses because wheelchair riders had become so common.” That’s a nice anecdote, but it isn’t exactly an argument."
regulations  CATO  douthat  sidebar 
december 2010 by HispanicPundit
The Limits of Context: A Critique of Bernstein's Case for Discrimination Law, Bryan Caplan | EconLog | Library of Economics and Liberty
"As my co-blogger David Henderson points out, "The fact of the matter is that this country moved from segregation required by law to segregation forbidden by law without trying freedom of association for a millisecond." Bernstein tries to defend this sudden switch by pointing to historical context. But the real lesson of history is that when we tried freedom of association, it worked. There may be cases where you've got to restrict liberty to protect liberty, but this wasn't one of them."
civil-rights  RandPaul  history  libertarians  CATO  henderson  caplan  sidebar 
december 2010 by HispanicPundit
The Volokh Conspiracy » The Cato Institute’s Supposed “Purge” of the Liberaltarians
"Second, it is strange to claim that Cato got rid of Lindsey for promoting a political alliance with the left at the very time when Lindsey himself recently disavowed that very idea, stating that “it’s clear enough that for now and the foreseeable future, the left is no more viable a home for libertarians than is the right.” If Cato objected to Lindsey’s advocacy of an alliance with the left, one would think they would have purged him back when he was actually advocating it, not after he has repudiated it. Wilkinson does still favor liberaltarianism, but apparently only as a philosophical dialogue. He holds out little if any prospect of an actual political coalition between the two groups."
wilkinson  lindsey  cato  volokh  sidebar 
august 2010 by HispanicPundit
What public schools really cost « Joanne Jacobs
"The True Cost of Public Education is much higher than school districts admit, says a Cato video. Capital costs and pensions often are omitted."
vouchers  education  costs  CATO  jacobs  video  sidebar 
august 2010 by HispanicPundit
ADA’s 20th Anniversary | Cato @ Liberty
The litigation boom that was created by the disabilities act.
regulations  lawyers  cato  sidebar 
july 2010 by HispanicPundit
Up from Slavery - Reason Magazine
"The Cato Institute's boilerplate description of itself used to include the line, "Since [the American] revolution, civil and economic liberties have been eroded." Until Clarence Thomas, then chairman of the Equal Employment Opportunity Commission, gave a speech at Cato and pointed out to us that it didn't seem quite that way to black people"
slavery  history  libertarianism  freedom  thomas  cato  boaz  sidebar 
may 2010 by HispanicPundit
CARPE DIEM: Flat Tax: How it Works and Why It's Good for U.S.
"This Center for Freedom and Prosperity Foundation video featuring Dan Mitchell of the Cato Institute shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code."
taxes  flat  cato  perry  video  sidebar 
may 2010 by HispanicPundit
Matthew Yglesias » Schools and Competition
"In other words, there really is decent evidence from these countries that more school competition can improve outcomes, but the terms on which the competition is organized makes a huge amount of difference."
vouchers  charter  sweden  cato  yglesias  sidebar 
february 2010 by HispanicPundit
Average vs. Marginal Effects of Health Insurance | Cato @ Liberty
"I don’t know anyone who thinks health insurance has zero effect on mortality overall. Yet it is entirely possible for the average effect to be positive and the marginal effect to be zero. One reason may be that the uninsured do benefit from the human and physical capital that health insurance makes possible. It may also be the case that when the uninsured do obtain health insurance, the additional medical care they receive is more likely to harm them than to help them. The researchers behind the RAND Health Insurance Experiment make essentially the same point."
healthcare  lifeexpectancy  mcardle  klein  cato  sidebar 
february 2010 by HispanicPundit
The Volokh Conspiracy » Blog Archive » Debating Ayn Rand’s Philosophy
"Cato Unbound has recently completed an interesting debate between several scholars on the strengths and weaknesses of Ayn Rand’s philosophy. All of the contributions are worth reading for those interested in the subject. But I agree most with University of Colorado political philosopher Michael Huemer"
Rand  cato  volokh  sidebar 
february 2010 by HispanicPundit
The College Earnings Premium — Why It’s Meaningless | Cato @ Liberty
"For a college earnings premium figure to be of any value to policymakers or prospective college students, it would be necessary to break it down by field and by student characteristics. What’s the premium difference, for instance, between workers who majored in engineering, chemistry, computer science, mathematics, economics, etc., compared to those who majored in communications, art history, social work, multicultural studies, etc.? A similar breakdown of interest would be by SAT score."
university  wages  wsj  cato  sidebar 
february 2010 by HispanicPundit
The unknown college payoff « Joanne Jacobs
Not what you think - after you factor in college debt and major taken.
university  costs  wages  wsj  cato  jacobs  sidebar 
february 2010 by HispanicPundit
Defending Obama…Again | Cato @ Liberty
"Let’s use an analogy. Obama’s FY2009 performance is like a relief pitcher who enters a game in the fourth inning trailing 19-0 and allows another run to score. The extra run is nothing to cheer about, of course, but fans should be far more angry with the starting pitcher. That having been said, Obama since that point has been serving up meatballs to the special interests in Washington, so his earned run average may actually wind up being worse than his predecessor’s. He promised change, but it appears that Obama wants to be Bush on steroids."
bush  deficits  budget  obamaAdministration  ObamaFailures  cato  sidebar 
november 2009 by HispanicPundit
Can good schools help poor kids? « Joanne Jacobs
". . . moving from our current monopoly school system to a free and competitive education marketplace would shift the bell curve of academic achievement significantly to the right, raising the mean achievement substantially above its current level".
vouchers  minorities  murray  aei  cato  jacobs  sidebar 
october 2009 by HispanicPundit
CARPE DIEM: 8 Reasons Why Big Gov't. Hurts Economic Growth
"The graph shows that as the size of government (share of GDP) increases for OECD countries, economic growth (real GDP) suffers. Economic growth is more than 4 times greater (6.6% vs. 1.6%) in the countries with the lowest government spending (<>60%)".
laissez-faire  government  economic-growth  cato  video  perry  sidebar 
september 2009 by HispanicPundit
Nostalgianomics: Liberal economists pine for days no liberal should want to revisit. - Reason Magazine
"Paul Krugman may long for the return of selfdenying corporate workers who declined to seek better opportunities out of organizational loyalty, and thus kept wages artificially suppressed, but these are creatures of a bygone ethos—an ethos that also included uncritical acceptance of racist and sexist traditions and often brutish intolerance of deviations from mainstream lifestyles and sensibilities."
krugman  books  liberalism  cato  Reason  sidebar 
july 2009 by HispanicPundit
Gods That Fail (Cato-at-liberty)
Even if we consider the current crisis a failure in capitalism...you can't even compare it to the real failure of communism.
subprime  capitalism  communist  History  cato  sidebar 
october 2008 by HispanicPundit
College bound - Megan McArdle
Signaling is even bad for below average students...McArdle responds to Caplan.
education  university  signaling  cato  debates  caplan  McArdle  sidebar 
october 2008 by HispanicPundit
The Buck Stops Here: Charles Murray on Education
"Murray's point is systemic, not individual: regardless of whether any given individual benefits from going to college, it’s not good to have a world in which failing to go to college has a high penalty."
education  university  debates  cato  murray  buck  sidebar 
october 2008 by HispanicPundit
Cafe Hayek: Fannie's and Freddie's Fates No Surprise to Good Economists
CATO warned about the future fate of Fannie Mae and Freddie Mac in early 2000.
cato  subprime  FannieMae  boudreaux  sidebar 
september 2008 by HispanicPundit
Cafe Hayek: Griswold on NAFTA, Manufacturing, and Ohio
The Democrats strategy to win the election, "ignorance informed only by the grotesque desire to win political office by pandering to many voters' delusions."
nafta  cato  campaign2008  wsj  boudreaux  sidebar 
march 2008 by HispanicPundit
CARPE DIEM: Laffer Curve, Part I: Understanding the Theory
video, featuring Cato Institute Senior Fellow Dan Mitchell, shows the middle ground between those who claim "all tax cuts pay for themselves" and those who claim tax policy has no impact on economic performance.
video  taxes  Laffer  cato  perry  sidebar 
january 2008 by HispanicPundit
Cato Unbound » Blog Archive » Marriage and the Market
"Hedonic marriage is different from productive marriage. In a world of specialization, the old adage was that “opposites attract,” and it made sense for husband and wife to have different interests in different spheres of life. Today, it is more impor
marriage  cato  sidebar 
january 2008 by HispanicPundit
Marginal Revolution: Trudie and Prudie meet
You can subscribe to Cato podcasts on iTunes here.
cato  podcasts  sidebar 
november 2007 by HispanicPundit

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