In today’s Wall Street Journal, John Cochrane writes sensibly about interest rates, Fed policy, and the term structure of Uncle Sam’s debt . (Unfortunately, Cochrane’s essay is gated.) Here’s Cochrane’s related blog post .
Here’s another from David, this one on Derek Thompson’s piece on the dramatic fall, since deregulation, in the cost of air travel . David’s personal story about pre-deregulation air-travel calls to mind the time, in the early 1970s, when my uncle Malcolm – who worked in New Orleans for the Maryland Casualty Co. – flew to Baltimore. It was big family news; it was an event. My parents and siblings and grandparents all went to the New Orleans airport, with my aunt and cousins, to see uncle Malcolm off on the plane. I recall, very distinctly, wondering – as I watched the plane taxi away from the gate – if there would ever be an occasion for me to fly on an airplane.
Sheldon Richman is no fan of minimum-wage legislation . (And, please pardon my unpardonable vanity, but Sheldon’s essay brought to mind one of the first essays that I ever wrote for The Freeman .)