Monthly Archives: November 2012

Abolishing The Mortgage Interest Deduction On New Purchases Only Also Runs Against A Reliance Interest

Over at the Volokh Conspiracy, Ilya Somin talks about the possible abolition of the mortgage interest tax deduction. As many have pointed out, such an abolition would run against the reliance interest of current homeowners. When budgeting for a house, they assumed … Continue reading

Posted in Economics, Law, Politics | Tagged , , | 3 Comments

The Unifying Force That Is Capitalism

I have heard countless times the trope that capitalism is an individualistic philosophy. That a capitalistic world is one where every man, woman and child stands alone. The critiques of capitalism are often fond of phrases such as: “No man … Continue reading

Posted in Economics, Uncategorized | Tagged , | 1 Comment

I really don’t understand Matt Yglesias

Again, Matt Yglesias writes that the Republicans will cave and vote for Obama’s tax proposal. Of course, that’s possible, but his explanation makes no sense to me. And they won’t refuse to pass middle class tax cuts. It’s true that … Continue reading

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Quote of The Day

“No. I’m not interested in the real world. I am interested in the record.” -Associate Justice Breyer at oral arguments in Already, LLC v Nike, Inc

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Le Blog De Jean-Paul Sartre

This is immensely humorous and I can only empathize with the last post. (HT: Eugene Volokh)

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Matt Yglesias’ game theory is missing something.

Yesterday, Matt Yglesias treated us to a game theoretic analysis of the recent statements by John Boehner. I think he’s using the wrong model. By the end of this year, the Bush tax cuts are going to expire. That means … Continue reading

Posted in Politics | Tagged , , , , , | 1 Comment

Why I’m once again taking Brad DeLong off my reading list

When I first got into econ blogs, I put a couple of blogs in my RSS feed: Cafe Hayek, EconLog, Conscience of a Liberal and Brad DeLong’s blog. By now, my RSS feed is a scary monster which never gets … Continue reading

Posted in Uncategorized | Tagged , , , | 2 Comments