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New Jersey has a law that says that you are not allowed to pump your own gas. They have had this law for 70 years. This is, of course, absurd. But if it is so absurd, why do 63 percent … Continue reading

Posted in Economics | Tagged , , , | 4 Comments

TPP is about as good as it is supposed to be

Tyler Cohen stakes out quite a sensible position on whether or not we should approve the trade deal called TPP: What would convince me to oppose TPP if is somebody did a study showing the following: when you use a … Continue reading

Posted in Economics | Tagged , | 1 Comment

Private Firm vs. Public Firm Earnings

Robin Hanson asks: Interesting that private firms have 67% of employees yet only 20% of profits. Is this mostly because owners take “profits” off the books to avoid taxes, or because owners attend more to growing firm value than to … Continue reading

Posted in Economics, Uncategorized | Tagged , | 2 Comments