- The Economist on who is hurt most by protectionist policies: (hint): if you buy more from China, you benefit more.
But the poorest 10% of consumers would lose 63% of their spending power, because they buy relatively more imported goods. The authors find a bias of trade in favour of poorer people in all 40 countries in their study, which included 13 developing countries.
- Kevin Erdmann with a hilarious post about the shape of the housing demand curve: if only enough people would realize the implications, we might solve a lot of problems.
- David Henderson points out the terrible reporting on Trump’s taxes: I’m glad he noticed what I did, that the reporting was sloppy, stupid, and didn’t mean a goddamn thing. I guess they did the best they could with a big loss as the “smoking gun”, but all the parading around of the meaningless 18 year number was a farce.
They hired people–and, notice, more than one–to tell them that when you have a big loss in one year, you can use it to offset income
- Berkeley shutters free programs after DOJ comes after them for not having subtitles and therefore being non-ADA compliant: I have mixed feelings and I’m not sure why, but mostly I think this is a terrible loss.
In many cases the requirements proposed by the department would require the university to implement extremely expensive measures to continue to make these resources available to the public for free.
- Ben Carlson on Risk Taking: One point that is often lost on people is that years ‘far away’ from the mean are normal, not the other way around.
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