About the current trend for political localities in the United States to raise their legislated minimum wages, Tyler Cowen correctly observes :
This is a classic instance of expressive voting at the expense of good economic policy.
Speaking of expressive preferences – and of how these preferences often are indulged to make the ‘expessers’ feel good about themselves regardless of the consequences such indulging has on other people – Mike Munger has more .
Bjorn Lomborg, writing a few weeks ago in the Wall Street Journal, debunks some myths about subsidies for fossil fuels . (Subscription required.)