Chicago and Puerto Rico Show How Not to Do It

Don’t buy Chicago bonds. Unless your net worth is at least $1 billion, don’t buy Puerto Rico bonds. Scrutinize the holdings of any bond funds in which you own an interest.

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Greek and German Pensions

No wonder the German public is, um, peeved.

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Reddit

After dustup at Reddit, looks like Kleiner Perkins was right about Ellen Pao

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The Best Take on Greece

This is the best take on Greece that I have seen. Warning: NSFW (language).

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Puerto Rico Update

Today Megan McArdle pointed me to a piece on Puerto Rico by Matt Levine. I won’t even try to sommarize it. Instead, just click here.

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Advent of the Southern Euro

I don’t think ECB will force Greece out of euro; I think it will have to devalue if it wants to reopen its banks ever.

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Happy to be Wrong About TPA

Like every economist worthy of the name I favor free trade. But I also predicted that TPA would never make it to the Oval Office. I was wrong, but in this case I’m happy to be wrong about TPA. Mea culpa.

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Tax Revenue and the Obergefell Decision

Pulling together these disparate elements, my estimate is that the federal government will collect about $375 million in additional tax revenue.

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How Much a Human Life is Worth

The implied value of a human life is between $1,270,181.30 and $1,750,790.44. This compares favorably with the accepted standard of $5 million per human life.

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Letter From Anna Eshoo

Got that? A free, open and accessible Internet requires government regulation! Only in certain parts of Washington, D.C. does that make any sense.

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