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        <title>MedWorm Tags: economists</title>
        <description>MedWorm provides a medical RSS filtering service. Over 6000 RSS medical sources are combined and output via different filters. This feed contains the latest medical blog items that have been tagged with 'economists'.</description>
        <link><![CDATA[http://www.medworm.com/rss/search.php?qu=%22economists%22&t=%22economists%22&r=Exact&o=d&f=tag]]></link>
        <lastBuildDate>Sat, 03 Sep 2011 02:53:48 +0100</lastBuildDate>
        <item>
            <title>More Hayek Sightings</title>
            <link>http://www.medworm.com/index.php?rid=4820828&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2Fa9wBSHLbz0o%2F</link>
            <description>By David BoazThe long Hayek Week continues, a full two weeks after Cato&amp;#8217;s all-star panel on The Constitution of Liberty. The Washington Post today features George Mason University professor Russell Roberts and his Hayek-Keynes rap videos.
And by reading the actual print edition of the New York Times Book Review, I discovered that the same issue that included Francis Fukuyama&amp;#8217;s review of the The Constitution of Liberty last Sunday also included a letter from one David Beffert of Washington, D.C., coincidentally responding to a review of Fukuyama&amp;#8217;s own new book. Beffert wrote:
I enjoyed Michael Lind’s April 17 review of Francis Fukuyama’s important new book, “The Origins of Political Order.” But even as someone who prefers John Maynard Keynes and Karl Polanyi to F. ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4820828</comments>
            <pubDate>Thu, 12 May 2011 14:15:36 +0100</pubDate>
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            <title>Austrian Economics in the News</title>
            <link>http://www.medworm.com/index.php?rid=4477707&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F8X7p1dYoGm4%2F</link>
            <description>By David BoazThe financial crisis of 2008 led to a lot of unfortunate Keynesian and corporatist policymaking, but also to a renewed interest in Austrian economics and particularly to the Austrian theory of the business cycle and the role of the Federal Reserve in creating bubbles and busts. Austrian ideas are most recently examined on BBC and in the Washington Post.
Sales of F. A. Hayek's book The Road to Serfdom have soared in the past three years, actually hitting no. 1 on Amazon last summer. The New York Times complained that Tea Party activists had &quot;reached back to dusty bookshelves for long-dormant ideas [in] once-obscure texts by dead writers&quot; such as Hayek, even as its reporters continually urged policymakers to Read. More. Keynes. A rap video on the intellectual battle between Ha...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4477707</comments>
            <pubDate>Mon, 14 Feb 2011 14:15:53 +0100</pubDate>
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            <title>The ‘Every Economist’ Myth</title>
            <link>http://www.medworm.com/index.php?rid=4082072&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FmPLoG_jV5Io%2F</link>
            <description>By David BoazJust days after we rapped Rep. Betsy Markey (D-CO) for claiming that &amp;#8220;every economist from the far left to the far right was saying the government needs to step in because there was absolutely no private sector investment,&amp;#8221; Rep. Gerry Connolly (D-VA) tells the Washington Post,
You&amp;#8217;re darn right I voted for the stimulus. Every economist, including [some] Republican economists . . . said, for God&amp;#8217;s sake, don&amp;#8217;t let it go off the cliff.
This is the myth that just won&amp;#8217;t die. Markey and Connolly are echoing similar claims by President Obama, Vice President Biden, and even the notoriously unreliable Robert Reich. When Biden said it, Harvard economist Greg Mankiw asked if he was &amp;#8220;disingenuous or misinformed&amp;#8221; and pointed out:
That statem...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4082072</comments>
            <pubDate>Mon, 18 Oct 2010 20:55:35 +0100</pubDate>
            <guid isPermaLink="false">4082072</guid>        </item>
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            <title>Betsy Markey: Misinformed or Misleading?</title>
            <link>http://www.medworm.com/index.php?rid=4074027&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F5FSTETcit7Y%2F</link>
            <description>By David BoazOn NPR stations this morning, the &amp;#8220;Power Breakfast&amp;#8221; segment from Capitol News Connection profiled Rep. Betsy Markey (D-CO), who is fighting hard to keep her seat this year. The reporter noted:
She’s a Blue Dog, one of those fiscally conservative Democrats who frequently complicate things for Party leaders by insisting on spending offsets and the like.
A claim slightly complicated by the reporter&amp;#8217;s earlier noting that Markey voted for the $787 billion stimulus bill, the health care overhaul, and cap-and-trade. How exactly does that make her a Blue Dog fiscal conservative? Oh, and in her first year she got a score of 19 percent on tax and spending issues from the National Taxpayers Union. The search for an actual Blue Dog goes on.
But I was really struck by t...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4074027</comments>
            <pubDate>Fri, 15 Oct 2010 17:37:02 +0100</pubDate>
            <guid isPermaLink="false">4074027</guid>        </item>
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            <title>How Herbert Hoover Didn’t End the Depression</title>
            <link>http://www.medworm.com/index.php?rid=4074038&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FoH04YsEeYK8%2F</link>
            <description>By David BoazJoshua Green writes in the Atlantic, after discussing the Austrian economists&amp;#8217; views in 1929 on what to do about the not-yet-great depression:
Herbert Hoover’s Treasury secretary, Andrew Mellon, offered similar counsel, famously urging Hoover to “liquidate” and “purge the rottenness out of the system.” But this failed to stop the catastrophe.
That&amp;#8217;s true. And you know, here&amp;#8217;s a general rule: Absolutely nothing that a treasury secretary says to a president will affect the real economy if the president ignores his advice and does something else.
Hoover didn&amp;#8217;t cut federal spending, he doubled it. He established the Reconstruction Finance Corporation. He propped up wages and prices. Indeed, he launched the New Deal. And Green is right: In the fac...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4074038</comments>
            <pubDate>Thu, 14 Oct 2010 19:25:54 +0100</pubDate>
            <guid isPermaLink="false">4074038</guid>        </item>
        <item>
            <title>Actually We Aren’t Running the World</title>
            <link>http://www.medworm.com/index.php?rid=4036624&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FRrvAJEDU3Ng%2F</link>
            <description>By Benjamin H. FriedmanBloggers have already noted the most glaring problems with Arthur Brooks, Edwin Feulner and Bill Kristol’s Monday Wall Street Journal op-ed, “Peace Doesn&amp;#8217;t Keep Itself,” which worries that conservatives are figuring out that trying to run the world is not conservative.
The op-ed pretends that the fact that defense spending isn’t the largest cause of the deficit means it isn’t a cause of the deficit. It obscures the fact that we spend more on defense than we did in the Cold War by counting the defense budget as a portion of the economy without noting the latter has grown faster than the former.
So I can limit myself to less obvious angles. The first is that neoconservatives like Kristol are for increasing the defense budget no matter what. For them ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4036624</comments>
            <pubDate>Wed, 06 Oct 2010 19:19:51 +0100</pubDate>
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            <title>Prof. Krugman Is Wrong, Again</title>
            <link>http://www.medworm.com/index.php?rid=3629623&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FRW1uWDdOyV0%2F</link>
            <description>By Steve H. HankeProf. Paul Krugman asserts in his New York Times column of May 31st that &amp;#8220;Both textbook economics and experience say that slashing spending when you&amp;#8217;re still suffering from high unemployment is a really bad idea &amp;#8212; not only does it deepen the slump, but it does little to improve the budget outlook, because much of what governments save by spending less they lose as a weaker economy depresses tax receipts.&amp;#8221;
While Prof. Krugman and most other fiscalists believe this to be self-evident, it is not.  Indeed, this fiscalist dogma fails to withstand the indignity of empirical verification.  Prof. Paul Krugman&amp;#8217;s formulation fails to mention the state of confidence.  This is an important oversight.  As Keynes himself put it: &amp;#8220;The state of conf...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3629623</comments>
            <pubDate>Thu, 03 Jun 2010 15:16:13 +0100</pubDate>
            <guid isPermaLink="false">3629623</guid>        </item>
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            <title>Obama to Increase FHA Risk</title>
            <link>http://www.medworm.com/index.php?rid=3424836&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FqLrVGKVqc9Y%2F</link>
            <description>By Tad DeHavenThe Federal Housing Administration is heading toward a taxpayer bailout, yet the president’s latest mortgage modification plan would further increase the agency’s exposure to risky mortgages. Mark Calabria calls it a “Backdoor Bank Bailout.”
The administration’s plan would encourage borrowers who owe more than their house is worth to refinance into FHA-insured mortgages. Therefore, the risk of a future foreclosure on these mortgages would fall to the government and taxpayers instead of private lenders.
A recent study from economists at New York University found that the FHA is underestimating its risk exposure. One of the problems is that the FHA isn’t properly accounting for the risk to underwater FHA mortgages that have been refinanced into new FHA mortgages. So...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3424836</comments>
            <pubDate>Tue, 30 Mar 2010 18:00:51 +0100</pubDate>
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            <title>State of the Union Fact Check</title>
            <link>http://www.medworm.com/index.php?rid=3220515&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FdC1O9e04uXY%2F</link>
            <description>By Cato EditorsCato experts put some of President Obama’s core State of the Union claims to the test. Here’s what they found.
THE STIMULUS
Obama’s claim:
The plan that has made all of this possible, from the tax cuts to the jobs, is the Recovery Act. That&amp;#8217;s right &amp;#8212; the Recovery Act, also known as the Stimulus Bill. Economists on the left and the right say that this bill has helped saved jobs and avert disaster.
Back in reality: At the outset of the economic downturn, Cato ran an ad in the nation’s largest newspapers in which more than 300 economists (Nobel laureates among them) signed a statement saying a massive government spending package was among the worst available options. Since then, Cato economists have published dozens of op-eds in major news outlets poking hol...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3220515</comments>
            <pubDate>Thu, 28 Jan 2010 17:54:17 +0100</pubDate>
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            <title>Another Reason Imports Get a Bad Rap</title>
            <link>http://www.medworm.com/index.php?rid=3167090&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F6hNK1oMEAhA%2F</link>
            <description>By Daniel IkensonWhy blame only media and politicians for the public’s confusion about imports and trade deficits? Surely economists deserve some scorn. Some of the misunderstanding can be traced to the famous National Income Identity, which expresses gross domestic product, as: Y = C + G + I + (X-M). That is, national output (Y) equals personal consumption (C) plus government spending (G) plus investment (I) plus exports (X) minus imports (M).
The expression clearly lends itself to the wrong interpretation. The minus sign preceding imports suggests a negative relationship with output. It is the reason for the oft-repeated fallacy that imports are a drag on growth. Here’s why that conclusion is wrong.
The expression is an accounting identity, which &amp;#8220;accounts&amp;#8221; for all of the...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3167090</comments>
            <pubDate>Wed, 13 Jan 2010 15:03:39 +0100</pubDate>
            <guid isPermaLink="false">3167090</guid>        </item>
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            <title>Vikings and Pirates and Taxes, Oh My!</title>
            <link>http://www.medworm.com/index.php?rid=2984779&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FUPeuK9WidMo%2F</link>
            <description>Today&amp;#8217;s episode of &amp;#8220;Hagar the Horrible&amp;#8221; could be an epigraph for the new Fall 2009 issue of Cato Journal.

This issue includes Greek economists Michael Mitsopoulos and Theodore Pelagidis on &amp;#8220;Vikings in Greece: Kleptocratic Interest Groups in a Closed, Rent-Seeking Economy&amp;#8221; as well as Peter Leeson, author of The Invisible Hook: The Hidden Economics of Pirates, writing (with David Skarbek) on the effects of foreign aid. As for taxes, well, editor Jim Dorn has assembled a number of useful papers:

Andrew T. Young on taxing, spending, and &amp;#8220;fiscal illusion&amp;#8221;
Michael J. New on the &amp;#8220;starve the beast&amp;#8221; hypothesis
Alan Reynolds on Paul Krugman&amp;#8217;s misunderstanding of the monetary and fiscal lessons of the Great Depression and Japan&amp;#8217;s l...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2984779</comments>
            <pubDate>Wed, 11 Nov 2009 19:44:22 +0100</pubDate>
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            <title>ACORN and Health Care</title>
            <link>http://www.medworm.com/index.php?rid=2904857&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FCi50C2kTAYs%2F</link>
            <description>Last week, editors at Politico posed two questions to an online panel to which I contribute: &amp;#8220;ACORN: Underplayed or overblown?&amp;#8221; and &amp;#8220;Will the Dems ever get their act together on healthcare?&amp;#8221;
The two are intimately connected by a simple proposition: &amp;#8220;Most people want more housing and health care than they can afford.&amp;#8221; Of course, for &amp;#8220;housing&amp;#8221; or &amp;#8220;health care&amp;#8221; one could substitute whatever one wishes: food, clothing, cars, education, entertainment, vacations, you name it. Economists call this the problem of scarcity, and it&amp;#8217;s the beginning of economics.
In a free society, most individuals, families, and firms will deal with that problem through such homely measures as creating and husbanding wealth, planning for the future, an...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2904857</comments>
            <pubDate>Mon, 19 Oct 2009 14:27:00 +0100</pubDate>
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            <title>What Is Regulation?</title>
            <link>http://www.medworm.com/index.php?rid=2894487&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FeQAoROzALrs%2F</link>
            <description>The New York Times tries to spin the work of Nobel laureates Elinor Ostrom and Oliver Williamson as not anti-regulation:
Neither Ms. Ostrom nor Mr. Williamson has argued against regulation. Quite the contrary, their work found that people in business adopt for themselves numerous forms of regulation and rules of behavior — called “governance” in economic jargon — doing so independently of government or without being told to do so by corporate bosses.
But none of us &amp;#8220;anti-regulation&amp;#8221; folks are against &amp;#8220;rules of behavior that people in business adopt for themselves independently of government.&amp;#8221; The world is full of rules, from wearing clothes in the office to customary trade practices to the rules for managing common-pool resources that Ostrom studied. Anyone ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2894487</comments>
            <pubDate>Wed, 14 Oct 2009 17:38:58 +0100</pubDate>
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            <title>The VAT Debate: Should Politicians in Washington Get a Huge New Source of Tax Revenue as a Reward for Overspending?</title>
            <link>http://www.medworm.com/index.php?rid=2851743&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FNICl_7Jx-5Y%2F</link>
            <description>Based on five criteria, James Pethokoukis of Reuters connects the dots and warns that President Obama is going to propose a value-added tax.
Does President Obama have a secret plan to raise taxes on middle-class Americans — and,well, pretty much everybody else — with a European-style, value-added tax? Actually, it’s not such a big secret. &amp;#8230;Obama’s campaign promise to not raise taxes on households making less than $250,000 a year was always considered a joke here inside the Beltway. &amp;#8230;Maybe it was a joke inside the campaign, too. Since being elected, Obama has raised cigarette taxes and has advocated raising healthcare taxes, energy and small business taxes, in addition to corporate taxes. What’s more, economic advisers like Larry Summers seem eager to get rid of all t...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2851743</comments>
            <pubDate>Thu, 01 Oct 2009 14:13:47 +0100</pubDate>
            <guid isPermaLink="false">2851743</guid>        </item>
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            <title>Tuesday Links</title>
            <link>http://www.medworm.com/index.php?rid=2823970&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F2YZKytwWvzs%2F</link>
            <description>Richard Rahn on the growing debt bomb, set to explode within three years: &amp;#8220;Expect to see record high real interest rates and/or inflation, coupled with a collapse of many &amp;#8216;entitlements.&amp;#8217;&amp;#8221;


Why right wing &amp;#8220;czar mania&amp;#8221; is a needless distraction.


Obama says that &amp;#8220;nobody&amp;#8221; considers the government mandate to buy health care a tax. But here are a couple of Obama appointees who do. 


Let the battle of ideas begin: Economists debate the monetary lessons of the last recession.


Podcast: &amp;#8220;Muddling Missions in Afghanistan&amp;#8221; featuring Malou Innocent. More on Afghanistan here. (Source: Cato-at-liberty)</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2823970</comments>
            <pubDate>Tue, 22 Sep 2009 20:17:31 +0100</pubDate>
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            <title>Nobody Considers Health Insurance Mandates a Tax? Really??</title>
            <link>http://www.medworm.com/index.php?rid=2820204&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2Fu4DpfiwkIDU%2F</link>
            <description>As my colleague Jeffrey Miron noted earlier today, when grilled by George Stephanopolous on whether the so-called &amp;#8220;individual mandate&amp;#8221; is a tax increase, Obama replied, &amp;#8220;Nobody considers that a tax increase&amp;#8230;.You can&amp;#8217;t just make up that language and decide that that&amp;#8217;s called a tax increase&amp;#8230;My critics say everything is a tax increase.&amp;#8221;
Where do Obama&amp;#8217;s critics get these wacky ideas?  From a bunch of nobodies, that&amp;#8217;s who!
Princeton economist Uwe Reinhardt, quoted by Larry Summers (1987):

[Just because] the fiscal flows triggered by mandate would not flow directly through the public budgets does not detract from the measure&amp;#8217;s status of a bona fide tax.

Economist Larry Summers, Obama&amp;#8217;s National Economic Council chair (1...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2820204</comments>
            <pubDate>Mon, 21 Sep 2009 20:05:14 +0100</pubDate>
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            <title>A Super-Majority of Economists Agree: Trade Barriers Should Go</title>
            <link>http://www.medworm.com/index.php?rid=2809660&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FDUlI1W-hTgM%2F</link>
            <description>Sure, economists disagree among themselves about a number of public policy issues, but not about the desirability of free trade. The latest edition of Econ Journal Watch, published by the American Institute for Economic Research in Great Barrington, Mass., reports the results [pdf] from a random survey of members of the American Economic Association.
Based on questionnaires returned by more than 100 members, all with Ph.D.s in economics, the survey’s author, Robert Whaples, reports:

The economics profession continues to show a consensus in favor of unfettered international trade, as 83 percent agree and only 10 percent disagree that the United States should eliminate remaining tariffs and other barriers.
Other issues in which the economists reached a strong consensus:

82 percent d...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2809660</comments>
            <pubDate>Sat, 19 Sep 2009 02:55:26 +0100</pubDate>
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            <title>Why Chile Is More Economically Free Than the United States</title>
            <link>http://www.medworm.com/index.php?rid=2807574&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FmYnfZsuC1Nc%2F</link>
            <description>In the 2009 Economic Freedom of the World Report, Chile is now #5, one place ahead of the United States.
In 1975, of 72 countries, Chile was No 71. How did this happen? The explanation lies in what I call the “Chilean Revolution”, because it was as important and transformative to my country as the celebrated American Revolution that gave birth to the United States.
The exceptional political circumstances of this period have obscured the fact that from 1975 to 1989 a true revolution took place in Chile, involving a radical, comprehensive, and sustained move toward economic and political freedom (from a starting point where there was neither one nor the other). This revolution not only doubled Chile&amp;#8217;s historic rate of economic growth (to an average of 7% a year, 84-98),  drastica...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2807574</comments>
            <pubDate>Thu, 17 Sep 2009 20:52:50 +0100</pubDate>
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        <item>
            <title>Early Education: Lots of Noise, Little to Hear</title>
            <link>http://www.medworm.com/index.php?rid=2796412&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FK_3gIPrDQBc%2F</link>
            <description>This weekend, the Detroit News ran a letter to the editor taking issue with a piece I wrote about the Student Aid and Fiscal Responsbility Act (SAFRA). Strangley, though the main part of SAFRA deals with higher education loans; the bill contains new spending all over the education map; and I made no specific mention of early-childhood education in my piece (though there is an early-ed component in the bill); the letter is all about pre-K education.
That the pre-K pushers even saw my op-ed as something to write about illustrates how very agressive they are. Unfortunately, the letter also demonstrates how dubious is the message that they are so loudly and energetically proclaiming. Here&amp;#8217;s a telling bit:
Economists, business leaders and scientists all know from cold, hard dat...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
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            <pubDate>Mon, 14 Sep 2009 19:08:31 +0100</pubDate>
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        <item>
            <title>Research Shows $100 Billion Ed. Stimulus Likely Hurting Economy</title>
            <link>http://www.medworm.com/index.php?rid=2778395&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FP2BtG8Vt7nk%2F</link>
            <description>Tomorrow morning, the president&amp;#8217;s Council of Economic Advisers will release a report assessing the short and long-term effects of the stimulus bill on the U.S. economy. As with previous iterations, this report will attempt to forecast overall effects of the stimulus across its many different components and the different economic sectors it targets. In doing so, it ignores the clearest research findings available pertaining to a key portion of the stimulus: k-12 education.
The president has committed $100 billion in new money to the nation&amp;#8217;s public school systems, and required that states accepting the funds promise not to reduce their own k-12 spending. The official argument for this measure is that higher school spending will accelerate U.S. economic growth. But a July 2008 st...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
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            <pubDate>Wed, 09 Sep 2009 12:34:21 +0100</pubDate>
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        <item>
            <title>Have Mexican Dishwashers Brought California to Its Knees?</title>
            <link>http://www.medworm.com/index.php?rid=2737704&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F7X_pJG6gRnI%2F</link>
            <description>An article published this week by National Review magazine blames the many problems of California on—take a guess—high taxes, over-regulation of business, runaway state spending, an expansive welfare state? Try none of the above. The article, by Alex Alexiev of the Hudson Institute, puts the blame on the backs of low-skilled, illegal immigrants from Mexico and the federal government for not keeping them out.
Titled “Catching Up to Mexico: Illegal immigration is depleting California’s human capital and ravaging its economy,” the article endorses high-skilled immigration to the state while rejecting the influx of “the poorly educated, the unskilled, and the illiterate” immigrants that enter illegally from Mexico and elsewhere in Latin America.
Before swallowing the article’s ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
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            <pubDate>Wed, 26 Aug 2009 15:34:18 +0100</pubDate>
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        <item>
            <title>Rose Friedman Passes</title>
            <link>http://www.medworm.com/index.php?rid=2712066&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F2oG1UXMFu88%2F</link>
            <description>Rose Friedman, co-author of several books with her late husband and Nobel laureate economist Milton, passed away this morning. Rose and Milton co-wrote Free to Choose the wonderful book that formed the basis of Milton&amp;#8217;s PBS television series, as well co-writing their joint auto-biography &amp;#8220;Two Lucky People.&amp;#8221;
She was intimately involved in the school choice movement both before and after Milton&amp;#8217;s passing, as co-founder of the Milton and Rose D. Friedman Foundation for School Choice, ably led by Robert Enlow.
Rose and Milton were not just skilled economists who cared about kids, they were a charming couple. At a casual policy event a decade ago, they shared a single armchair to ensure that there would be enough seats for everyone. They weren&amp;#8217;t just models of co...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2712066</comments>
            <pubDate>Tue, 18 Aug 2009 21:03:38 +0100</pubDate>
            <guid isPermaLink="false">2712066</guid>        </item>
        <item>
            <title>Is an Independent Fed Better?</title>
            <link>http://www.medworm.com/index.php?rid=2613827&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FN0C09Kl2jwA%2F</link>
            <description>Rep. Ron Paul now has a majority of the House of Representatives supporting his bill for an independent audit of the Federal Reserve System. He presented his case at a Cato Policy Forum recently, with vigorous responses from Bert Ely and Gilbert Schwartz.
Now more than 200 economists have signed a petition calling on Congress to “defend the independence of the Federal Reserve System as a foundation of U.S. economic stability.” The petition seems implicitly a rebuttal to Paul&amp;#8217;s bill.
Allan Meltzer, a leading monetary scholar and frequent participant in Cato&amp;#8217;s annual monetary conferences, declined to sign the petition and explained why: “I wrote them back and said, ‘the Fed has rarely been independent and it strikes me that being independent is very unlikely’” in th...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2613827</comments>
            <pubDate>Fri, 17 Jul 2009 21:05:22 +0100</pubDate>
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        <item>
            <title>How Protectionism Crashed the World Economy…and How to Stop It This Time Around</title>
            <link>http://www.medworm.com/index.php?rid=2380728&amp;cid=t_189711_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FTH9YJzJh5n4%2F</link>
            <description>A coalition of more than 70 groups around the world, from Canada to Brazil to Kyrgyzstan to Germany to China to Japan to Kenya, has joined together to stop the dangerous stirrings of protectionism.  The FreedomToTrade.org coalition (coordinated internationally by the Atlas Economic Research Foundation and the International Policy Network) has circulated a petition (signed by over 1,000 economists and thousands of others) and is now producing documentaries to alert the public to the dangers posed by protectionism.  This one is on the role the Smoot-Hawley Tariff played in turning a serious recession into the Great Depression.

The mini-documentary is also being made available in 12 other languages.  The Spanish version will be available on Cato&amp;#8217;s Spanish-language project, ElCato.or...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2380728</comments>
            <pubDate>Thu, 30 Apr 2009 13:41:00 +0100</pubDate>
            <guid isPermaLink="false">2380728</guid>        </item>
        <item>
            <title>Videogames for Cognitive Training?</title>
            <link>http://www.medworm.com/index.php?rid=1730854&amp;cid=t_189711_122_f&amp;fid=36582&amp;url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FSharpBrains%2F%7E3%2F373515207%2F</link>
            <description>There were a few interesting research papers presented at the last  American Psychological Association conventions around the theme:
Playing Video Games Offers Learning Across Life Span, Say Studies
Skills Transfer to Classroom, Surgical Procedures, Scientific Thinking (press release).
Probably the most interesting study was that of 303 laparoscopic surgeons, which &amp;quot;showed that surgeons who played video games requiring spatial skills and hand dexterity and then performed a drill testing these skills were significantly faster at their first attempt and across all 10 trials than the surgeons who did not the play video games first.&amp;quot;
The note goes further to explain the implications from this research:
&amp;quot;The big picture is that there are several dimensions on which games have ef...</description>
            <author>SharpBrains</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=1730854</comments>
            <pubDate>Sun, 24 Aug 2008 16:05:45 +0100</pubDate>
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        <item>
            <title>Humility Transforms a Workplace</title>
            <link>http://www.medworm.com/index.php?rid=1556496&amp;cid=t_189711_109_f&amp;fid=35677&amp;url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F323162808%2Fhumility_transforms_a_workplac.html</link>
            <description>Humility yields to arrogance in firms that fail to nip its buds. Champions of modesty on the other hand can inspire an entire workplace to innovations that lead to growth.Some say you cannot make it to the top with mere meekness. Others say you&amp;rsquo;ll become the only one there and fall alone, if arrogance propelled you.What do you say?Brain based business works on the premise that people work harder, longer and better around unassuming leaders. A Jones 2000 study showed that people are 52% less likely to leave jobs where they receive respect. Ready to risk reducing arrogance at work? People shake hands with humility and activate brain cells for invention, when: 1. Doctors ask two-footed questions to collaborate with patients for care and cures.2. Faculty at university raise achievement b...</description>
            <author>BrainBasedBusiness</author>
            <type>blogs</type>
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            <pubDate>Tue, 01 Jul 2008 09:27:53 +0100</pubDate>
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