Vox’s Detachment from Reality

Pascal-Emmanuel Gobry shows that "voxsplaining" is nothing more than taking a collection of talking points from the port side of the partisan divide and pretending that they explain complex policy issues, and further points out that those talking points are compiled in a manner that is at best misinformed, and at worst, utterly disingenuous. I think "disingenuous" …

It Is Time to Paraphrase Napoleon

For those who are not quite "Ready for Hillary," my advice is to never interfere with the Clintons when they are in the process of destroying themselves: Hillary Clinton's multimillion dollar fortune has caused some negative headlines during the media tour for the release of her new book "Hard Choices," which is widely seen as …

Inherited Wealth and Societal Benefits

Contrary to popular belief, inherited wealth can be very good for the economy as a whole, as Greg Mankiw points out: From a policy perspective, we need to consider not only the direct effects on the family but also the indirect effects on the broader economy. Rising income inequality over the past several decades has …

Hypocrisy, Thy Name Is “Clinton”

Call me a revolutionary, but I've always thought that if one is an advocate of higher estate taxes, then one shouldn't take advantage of even legal methods by which those taxes can be reduced. But try telling that to the putative next president of the United States, and her husband: Bill and Hillary Clinton have long supported …

Is Chris Hedges a Plagiarist?

Christopher Ketcham thinks so. And he backs up his claim: In early 2010, the editors at Harper’s Magazine began reviewing a lengthy manuscript submitted by Chris Hedges, a former New York Times reporter. In the piece, Hedges had turned his eye to Camden, New Jersey, one of the most downtrodden cities in the nation. Hedges’s editor at Harper’s, Theodore Ross, who …

Hillary Clinton’s Bad Week Continues

Oh dear, this just is not very good at all: Hillary Rodham Clinton tersely defended her initial opposition to gay marriage, denying in a radio interview that political reasons were behind her shift last year to supporting same-sex marriage. She accused the host of the show of ‘‘playing with my words.’’ ‘‘I did not grow …

Revelation of the Day

I am going to turn over the microphone to Alex Tabarrok: Economics assumes that people are rational, self-interested, lightning fast calculators. Obviously a bad assumption as we are constantly told. Chimps, on the other hand, are rational, self-interested, lightning fast calculators. That is the surprising conclusion to a great paper by Colin Camerer and co-authors. Camerer had chimps …