Schools Require Parent Participation

Charter schools are legal in California. The state education code as well as voter-passed propositions, have consistently shown broad public support for them. There are rules about the types and amounts of support a local school district must give each charter. Instead of fighting charter schools, perhaps folks should consider the model advanced by San Carlos. That town (where I once lived) has basically turned their entire school system into charter schools.

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Maryland Taxes Rain

But consider the meta-implications. Taxing an activity usually reduces the equilibrium quantity. In this case, rain is being taxed. Will Maryland begin to experience droughts? We shall see. But remember — you read it here first.

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Monopoly Pricing in a Government Agency

I’ve been looking into detailed election results, specifically our local school district. There are 31 precincts. To save some time I thought I’d get the GIS maps. Imagine my surprise when I found out they would cost $86 per precinct! I wondered if this came close to the monopoly profit-maximizing price. Have I found monopoly pricing in a government agency?

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Exchange Rate Risk Part 999

Assuming the current exchange rate remains the same, she will never pay off this mortgage. Her payment in Swiss francs is less than the monthly interest. Therefore, she is experiencing negative amortization in forints.

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Healthcare.gov Begins a New Season

First up, the state of Washington’s HealthPlanFinder

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Operation Choke Point

So much for the second amendment: firearms and ammunition sales. So much for your social life: dating services (no, I won’t include escort services). And pharmaceutical sales? Are they talking about the drugs I regularly get from Kaiser via USPS? Needless to say, racist materials, telemarketing, and even pornography are broadly protected by the first amendment.

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Information, Incentives, and the Hospitality Business

nformation is important. Try to make sure you get correct information. Businesses need to make sure their employees are giving correct information. Incentives are also important. If a business gives customers an incentive to distort information at no cost to the customers, then their customers will behave accordingly.

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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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