Economic Fragility

Nervous? You bet. The only businesses that are not nervous are those who do not realize what’s going on. Oh, wait, there’s one other group that’s safe — those that are connected to people in the Obama administration.

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Currency as Art

The work of J.S.G. Boggs

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The BLS Has a Problem

This is yet another example of malfeasance at BLS. Future economists will be forced to exclude the 2013 – 2016 time period from their research because the numbers are not believable.

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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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