Lecture on economic history by Deirdre McCloskey

Mostly Economics

Here is video of Prof McCloskey’s recent lecture given on 30 May 2018.

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“It Is A Terrorist Organization”: Leading Democrats Call For The Abolishing Of ICE

Trump believes that immigration is the ultimate wedge issue for voters and polls would seem to support that view.


images-e1529890639738.jpgIt was in vogue in past years for Republicans to call for the elimination of the IRS, a ridiculous and demagogic call. Now Democrats appear to have their own demagogic rallying cry in suggesting the elimination of ICE.  Various Democrats went to the airways in the last week to suggest that the U.S. Immigration and Customs Enforcement should be abolished, including Rep. Earl Blumenauer (D-Ore.) who wrote in a Medium pos that ICE had to be abolished “to protect our families.”  Sen. Kamala Harris (D. Cal.) also said that the elimination of ICE might have to be occur to protect innocent people.  New York Democratic candidate and former “Sex in the City” star Cynthia Nixon went as far to call ICE a “terrorist organization” and demanded its abolishment.

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Trump Calls For Deportations Without Hearings Or Judges


donald_trump_president-elect_portrait_croppedPresident Donald Trump escalated the debate over immigration this weekend in calling for the deportation of people who “invade our Country”, without hearings or judges.  The call would raise serious questions under both U.S. and international law.  It would be a denial of the most basic protections of due process for those with credible claims for asylum. The position is both extreme and untenable. It also undermines otherwise strong arguments being asserted for expedited procedures for dealing with the influx of undocumented persons.

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Thoughts on Scarcity: A Discussion on Keynsian Recessionary Spending (Wonky)

A Force for Good

Last week I guest-taught a class for my friend and colleague at GMU Dr. Colin Doran.  The course was Introductory Macroeconomics and the lecture was on fiscal policy.  The textbook is Paul Krugman and Robin Wells’ popular book Macroeconomics (5th ed).  In the chapter on fiscal policy, after explaining its goals and implementation, Krugman & Wells discuss several common objections.  They write (Page 386):

In practice, the use of fiscal policy—in particular, the use of expansionary fiscal
policy in the face of a recessionary gap—is often controversial….But for now, let’s quickly summarize the major points of the debate over expansionary fiscal policy, so we can understand when the critiques are justified and when they are not.
There are three main arguments against the use of expansionary fiscal policy.
• Government spending always crowds out private spending
• Government borrowing always crowds out private investment spending
• Government budget deficits…

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Here we go again: El Al complies with the desire of Orthodox Jews to not sit next to women

Why Evolution Is True

The Haredim comprise a number of sects of ultra-Orthodox Jews who adhere strictly to a religious code of conduct. The Haredi code happens to prohibit tactile contact of any sort between men and women. And so it happens that Haredim often refuse to sit next to women on planes. They might accidentally touch them! And get cooties!

As a secular Jew, I am especially embarrassed and revulsed when Jews engage in this type of ridiculous behavior. But of course few religions are exempt from irrationality. I’ve posted before on men of the Haredim refusing to sit next to women on planes, and how the airlines (including El Al, the Israeli national carrier) try to accommodate them.

What those airlines should be doing is to either heave the buggers off the plane (calling security if they have to), or require the Haredim to purchase an empty seat next to them beforehand…

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