Some Links

by Don Boudreaux on March 24, 2015

in Books, Crony Capitalism, Economics, Financial Markets, Health, Regulation, Seen and Unseen, Work

As I suggested yesterday, and – on a different matter – as Bob Murphy suggests elsewhere, Robert Reich’s knowledge of economics is no better than is a teenaged shoe-salesman’s knowledge of cardiology.

Speaking of former U.S. Secretary of Labor Robert Reich, Bob Hessen just sent to me Jonathan Rauch’s 1997 Slate review of Reich’s book Locked in the Cabinet.

Ilya Somin, my GMU colleague from over in the law school, addresses Pres. Obama’s support for mandatory voting.

John Cochrane rightly condemns government-imposed restrictions on the supply of medical care.  Here’s his opening paragraph:

In my view, health care supply restrictions are more important than the insurance or demand features that dominate public discussion. If you are spending your own money, yes, you shop for a good deal. But spending your own money in the face of restricted supply is like hailing a cab to LaGuardia at 5 o’clock on a rainy pre-Uber Friday afternoon. We need to free up innovative, disruptive health-care supply. Let the Southwest Airlines, Walmarts, Amazons and Apples in.

In the same vein, see Chris Conover.

Thomas MaCurdy’s study of the effects of minimum-wage legislation on output prices is now out; it’s in the April 2015 issue of the Journal of Political Economy.

Things at that great geyser of cronyism, the U.S. Export-Import Bank, are getting sleazy.  Tim Carney explains.

Norbert Michel exposes the ways that Dodd-Frank restricts competition among financial firms.

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