– The new clerisy.
– Immigration and Social Security (and unemployment).
– Paleo retiree on Jared Diamond.
He also asks, “How is that a few people who become parents continue to be fun and interesting nonetheless?” I’ve been thinking about this a lot lately too.
– On Ferdinand Bardamu.
– Devin on economic classes.
– Derb on the inaugural poem.
– “Big Five traits and IQs of various cultures statistically explained 70% of a nation’s gross domestic product (GDP) per capita.”
– I’m late to this, but it’s worth reading.
– It’s becoming increasingly obvious that economic interventions by the Fed are helping only the large banks (after the last round of QE, mortgage rates didn’t move, but big banks sure have gotten a lot of crappy mortgages off their books). As Arnold Kling notes, the bailout of AIG, “looks much more like a bailout of Goldman Sachs (and many other large banks, domestic and foreign), financed by the sale of some profitable AIG subsidiaries. From the vantage point of the central bank, that was good policy.” I’ve argued for a long time that the Fed is at least as concerned with the health of the largest institutions it regulates than with inflation or unemployment.
– Professor Caplan briefly takes a break from arguing that he likes immigration more than anyone else to argue that signaling ossifies behavior.