Market failures in market-based finance

Fascinating paper by ECB economists: We construct a three-period mannequin to analyze market failures within the market-based monetary system. Institutional traders (IIs), corresponding to insurance coverage firms and pension funds, have liabilities providing assured returns and function below a risk-sensitive solvency constraint. They search to […]

Bonus Quotation of the Day…

… is from page 214 of Deirdre McCloskey’s and Alberto Mingardi’s superb 2020 book, The Myth of the Entrepreneurial State: Singling out certain kinds of activities as parasitic (“value extracting”) reveals an amateurish understanding of how an economy works. “Value extracting” financial businesses, the usual […]

The High Cost of Noise in Decision Making

How does “Noise” affect decision making? According to Danny Kahneman, winner of the 2002 Nobel Memorial Prize in Economic Sciences, it manifests as an interference in judgement, especially in institutional decision-making. We discuss the problem in his new book is Noise: A flaw in human […]

Who Was James Buchanan?

This short video is the first in the series of six that accompanies my and Randy Holcombe’s new book, The Essential James Buchanan. Comments Original Article

Anti-poverty policies for children must level the playing field across both racial and economic lines

By Lisa A. Gennetian, Hirokazu Yoshikawa The expanded baby tax credit score proposed beneath the Biden American Rescue Plan is the most important single anti-poverty funding in youngsters for the reason that introduction of Head Begin to over half 1,000,000 households in the summertime of […]

Meghan Markle Wears $38 “Raising the Future” Shirt in New Trailer For Prince Harry’s Documentary

Within the new trailer for Prince Harry and Oprah Winfrey’s psychological well being documentary, The Me You Cannot See, Meghan Markle’s shiny smile and easy model make a quick cameo whereas Harry is on a video name. And even when lounging at house, the Duchess […]

10 Tuesday AM Reads

My Two-for-Tuesday morning train WFH reads: • Elon Musk, Chamath Palihapitiya and Cathie Wood Face a Reddit Reckoning Profits beat prophets in today’s stock market. While the broader stock market remains near record levels, the trio’s portfolios and businesses have been pummeled by inflation worries […]

Some Covid Links

Robby Soave rightly criticizes Team Blue’s dogmatic refusal to follow the science on masks. A slice: But last week, the CDC abruptly reversed course. While Walensky had up until recently warned of “impending doom” if people did not continue to practice aggressive masking and social […]

I’m All About Minimalist Workout Sets Right Now—These Have My Full Attention

As an everyday health club go-er earlier than the entire world turned the wrong way up, it felt a bit of disheartening to say goodbye to my assortment of cute exercise garments at the beginning of final yr. I do know most individuals contemplate leggings […]

Journal round-up: Health Policy and Planning 36(1)

Our authors present common round-ups of the most recent peer-reviewed journals. We cowl all problems with main well being economics journals in addition to different notable releases. Go to our journal round-up log to see previous editions organised by publication title. For those who’d like […]