From the S&P report (via HollyontheHill): Political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. Thestatutory debt ceiling and the threat of default have becomepolitical bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, […]
Reading right now: “The Myth of the Rational Voter: Why Democracies Choose Bad Policies.”
August 4, 2011 by
Lately, I’ve not had a lot of time to read. But when I have had time, I’ve enjoyed reading the wonkish and pointed “The Myth of the Rational Voter” by Bryan Caplan. It’s an economist’s look at why, as the sub-title says, voters tend to support bad public policies. The reason, Caplan argues, is not […]
Is your University short of cash? Just increase law school tuition.
August 1, 2011 by
Let’s say you’re the dean of a law school on the East Coast with just four years as dean under your belt. As your accomplishments, you can list the following: Increasing the school’s US News Ranking from 170 to 117 Higher bar passage than when hired A new building almost completed Securing a donor willing […]
Negative externalities add up.
August 1, 2011 by
No one faces the choice, “Drive a lot less, or get lung cancer,” or “Rethink your economic views, or spiral down to poverty.” In both driving and democracy, negative externalities irrelevant to individual behavior add up to a large collective misfortune.
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