Bill Gates is obsessed with his theory on vaccines and is clueless with regard to the economy and all the loss of jobs. People should lose their pensions, their livelihoods, and crime has already risen by 22.5% in New York City. None of this bothers Gates. Then we have the Democrats who are so […]
Read moreEmergent Ventures, a project of the Mercatus Center at George Mason University, is leading a new “Fast Grants” program to support research to fight Covid-19. Here is the bottom line: Science funding mechanisms are too slow in normal times and may be much too slow during the COVID-19 pandemic. Fast Grants are an effort to […]
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Read moreChina bent the curve, Italy bent the curve and I believe that the curve is bending in the United States. Suppression is working and the second part of the strategy of test, trace and isolate will start to come into play in a few weeks. The states are gearing up to test, trace and isolate […]
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Read moreQUESTION: Your explanation of why increasing the quantity of money has failed seems to be the only explanation that is viable. Do you see the same outcome this time around? PA ANSWER: The academics assume we are morons. There is no comprehension of how human nature responds. Hoards of debased coins are found from […]
Read moreThere is a new paper by Benjamin Enke, Uri Gneezy, Brian Hall, David Martin, Vadim Nelidov, Theo Offerman, and Jeroen van de Ven: Despite decades of research on heuristics and biases, empirical evidence on the effect of large incentives – as present in relevant economic decisions – on cognitive biases is scant. This paper tests […]
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Read moreOne of the best books on the history of American higher education, author Miguel Urquiola of Columbia argues for the importance of market competition in the rise and dominance of the American system. Strongly argued and full of good evidence and stories, here is one excerpt I found of interest: That Columbia would be among […]
The post *Markets, Minds, and Money: Why America Leads the World in University Research* appeared first on Marginal REVOLUTION.
Read moreThe airlines are hit really hard. United Airlines sent out an announcement that the qualification for their mileage status has been cut by 50%. “Since you’re a member of our MileagePlus program, I’m writing to let you know that we’re reducing status qualifications by 50% for 2021, therefore making it easier to achieve status with […]
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