Yellen Decries Wealth Inequality, Fails to Mention Fed’s Role

It happens that the Fed critics are exactly right. While interest rates on debt held by those in the bottom 80% may be slightly cheaper, much of that debt is probably credit cards. Those interest rates are still way, way above 1%.

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DExit Revisited

A rising political party in Germany strongly favors leaving the eurozone.

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A Dearth of Cults?

Mr. Douthat is mistaken. There are plenty of cults in the U.S. As Mr. Thiel suggests, they are found in many startups and other small companies.

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Derek Jeter

If anything, Mr. Jeter earned less than his marginal revenue product over the entire 162 game season.

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Another Hidden California Tax

I called my smog guy (Mountain View Smog Check Only) and explained the situation. After inquiring about the year, make, and model, he said, “120 miles, can’t all be in one trip or on the same day.”

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Water Runs Downhill

My hypothesis is that is simply confused about geography. Since most maps have north at the top and south at the bottom, he assumes that north to south is downhill.

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A Bad Corporate Tax Alternative

Short version: let’s replace the current impossibly complex tax code with another one that’s equally complex, but with the added features of (1) being unenforceable and (2) collecting far less tax revenue than Mr. Osgood supposes.

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Feeling Suicidal? Try a Dose of The New Yorker

If you have friends who are depressed and frequently talk about suicide buy them subscriptions to the New Yorker.

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Hypocrisy at the New York Times

So when will the Times editors come clean and admit that they are being hypocritical about the minimum wage? I’m not holding my breath and you probably shouldn’t either.

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The President Wants to Cut Hawai’i Loose

One of the reasons the legislation has failed in Congress is that no one has been able to produce a workable definition of a “native Hawai’ian.” Centuries of genetic intermingling have reduced the number of 100 percent pure Hawai’ians to zero according to the best estimates.

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