The New York Times reports that Phoenix is figuring out how to reduce the demand for water during a time when it isn’t raining. For economists who read the RBC, note that the words “water prices” are not mentioned in the article. Instead, conservation is achieved through rebates and on the supply side water [...]
Archive for the ‘Uncategorized’ Category
The NSA Director walks into a bar. Bartender: I’ve got a new joke for you. NSA Director: Heard it.
Daniel Kahnemann illuminates why drug policy is so hard.
Now that you’ve suddenly noticed that Rep. Issa is telling lies about the IRS scandalette, why not consider the probability that he’s doing so because there’s no actual scandal there, any more than there is in Benghazi!? And why not at least raise the question of the culpability of the Speaker and the rest of [...]
Leading macroeconomists know that they don’t know how our aggregate economy operates. As reported in today’s WSJ, these researchers are pursuing a variety of different empirical strategies in order to make progress.
Are you a supporter of Anthony Weiner’s comeback in politics? While I have mixed feelings about him, I do support Mayor Dawn Zimmer and Mayor Kristin Jacobs. Their recent piece in the USA Today on how cities are preparing to adapt to climate change is quite good. In a calm, logical way, they seek [...]
… when your sleep debt gets referred to a collection agency.
Bill Keller on mj legalization: Can we get to “orderly market” without passing through “way too stoned”?
The following photo was left for me at a dead drop during my trip this week to Bogota, Columbia, at the International Society for the Study of Drug Policy. The photographer was apparently spotted sitting at the very back of the lecture hall, trying and failing to take a sharp picture in automatic mode without [...]
The NY Times reports that University Presidents continue to be paid quite well. The Marginal Revolution blog reports that coaches are earning larger raises than these Presidents. An ongoing economics literature has studied CEO pay and how it tracks corporate performance. A famous early paper is available here. Another well known paper [...]