Thursday, December 31, 2020

Florida counties give away vaccine for free and there are long lines

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See Florida's first-come, first-serve Covid-19 vaccination plan for the elderly leads to scramble by Eric Levenson, Angela Barajas an...
Wednesday, December 30, 2020

Milton Friedman vs. John F. Kennedy

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This is an old post. But JFK came up in yesterday's WSJ. See Biden’s Win for the American System by Rahm Emanuel. Mr. Emanuel was a s...
Tuesday, December 29, 2020

An AI Breaks the Writing Barrier

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A new system called GPT-3 is shocking experts with its ability to use and understand language as well as human beings do By David A. Price ...
Monday, December 28, 2020

Remembering the Radio Revolution

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This year marks the centennial of KDKA, the Pittsburgh station that initiated regular programming and sparked a transformation in how we lis...
Sunday, December 27, 2020

Physicist suggests that our seemingly 'irrational' decisions may be more accurate than previously thought by current economic and behavioral economic theory

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See Is Everything We Know About (Behavioral) Economics Wrong? The ergodicity problem—looking at decisions from more than one point of view...
Saturday, December 26, 2020

Biden won 95% of counties with Whole Foods but no Cracker Barrel, and just 18% of counties with a Cracker Barrel but no Whole Foods

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From Gabriel T. Rubin of The WSJ . " WHOLE FOODS-CRACKER BARREL GAP reached its highest level in the 2020 election. Biden won 85% of...
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Wednesday, December 23, 2020

Use Data to Buy Gifts

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See You’re Choosing a Gift. Here’s What Not to Do: Many of our natural impulses turn out to be wrong. Psychological research can help us ch...
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Tuesday, December 22, 2020

Do artists today respond to financial incentives? The answer, my friend, is blowin’ in the tax code

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Yesterday's post about Beethoven ended with a quote from him: "an artist has to be to a certain extent a businessman as well."...
Monday, December 21, 2020

On his 250th birth anniversary, remembering Beethoven the astute businessman

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The musical genius also had a flair for commerce, it turns out  By Luis Dias writing for Scroll.in magazine. Beethoven turned 250 this pa...
Sunday, December 20, 2020

Why being kind to others is good for your health (and that can include donating money)

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By Marta Zaraska writing for the BBC . She is the author of "Growing Young: How Friendship, Optimism and Kindness Can Help You Live t...
Saturday, December 19, 2020

The Best Herd Immunity Money Can Buy

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Paying people to get the Covid-19 shot may be the way to overcome skepticism about the vaccine Jason L. Riley of The WSJ . Excerpts: ...
Friday, December 18, 2020

The EU forbids the use of gender to help calculate car insurance premiums, leading women to pay more and men to pay less

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See The elusive equilibrium by Koen Smets. Excerpt: "Insurers only care about the risk, and not about gender. If a particular categ...
Thursday, December 17, 2020

Lower Costs Draw Tech Firms to Texas

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See Texas’ Tax Advantage Is All About Individuals, Not Business Taxes: Companies moving from California likely won’t see their own tax bil...
Wednesday, December 16, 2020

How Property Booms Eat Our Economic Future

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Growing body of research looking at U.S. and Chinese real-estate markets suggests long booms may drag on productivity of the economy By Mik...
Tuesday, December 15, 2020

Hand sanitizer and the law of increasing opportunity cost

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This is based on a WSJ article from last March. Rapidly increasing production of a certain good in a short period of time leads to increasin...