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The Prisoner's Dilemma of Non-Competes - Marginal REVOLUTION

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I agree with Tyler, that the FTC ban on non-competes is overly broad and not tailored...
I agree with Tyler, that the FTC ban on non-competes is overly broad and not tailored to fields where the drawbacks outweigh the benefits. Additionally, the FTC’s authority to enact this rule, rather than Congress, is questionable. Nevertheless, I don’t think banning non-competes is without merit. The reason is not the standard Twitter-econ view that […] The post The Prisoner’s Dilemma of Non-Competes appeared...

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Tying the Knot - Marginal REVOLUTION

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Dobbs, of course, was the Supreme Court decision saying that the constitution does not provide a...
Dobbs, of course, was the Supreme Court decision saying that the constitution does not provide a right to abortion, thus leading to restrictions on abortion in many states. The pictures is from The Economist, the original paper is here. The post Tying the Knot appeared first on Marginal REVOLUTION. CommentsIn reply to Mark Bahner. Cool. You play “Most National ... by mikeInThe716In reply...

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Decoupling from China? - Marginal REVOLUTION

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Maybe, but maybe not: Amid the current U.S.-China technological race, the U.S. has imposed export controls...
Maybe, but maybe not: Amid the current U.S.-China technological race, the U.S. has imposed export controls to deny China access to strategic technologies. We document that these measures prompted a broad-based decoupling of U.S. and Chinese supply chains. Once their Chinese customers are subject to export controls, U.S. suppliers are more likely to terminate relations […] The post Decoupling from China? appeared first on...

current affairs law uncategorized
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Why a Housing Shortage Exists Despite More Houses Per Person - Marginal REVOLUTION

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When I post about the skyrocketing price of housing and the need to build, commentators (include...
When I post about the skyrocketing price of housing and the need to build, commentators (include some of the most astute commentators on MR), will sometimes object by pointing to the increasing and historically high number of houses per capita. They question how this aligns with rising prices and wave vaguely towards factors like monopoly […] The post Why a Housing Shortage Exists Despite...

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U.S.A. fact of the day - Marginal REVOLUTION

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Latin American immigrants are starting businesses at more than twice the rate of the U.S. population...
Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole. The jump in Latino entrepreneurship has driven up the overall share of new businesses owned by immigrants, who accounted for 36% of launches last year compared with 25% in 2019, according to a new analysis of […] The post U.S.A. fact of the day appeared...

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The Ludwig von Mises comeback - Marginal REVOLUTION

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That is the subject of my latest Bloomberg column. Here is one excerpt: The Austrian economist Ludwig...
That is the subject of my latest Bloomberg column. Here is one excerpt: The Austrian economist Ludwig von Mises is having a moment, especially in Latin America. Argentine President Javier Milei admires Mises, and he has adopted some Misesian ideas, such as the notion that “the middle of the road leads to socialism.” Milei used to be an academic […] The post The Ludwig von Mises comeback appeared...

current affairs economics uncategorized
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A portrait of Portugal - Marginal REVOLUTION

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…at least half of a population of ten million depend on the state in some way—35% are...
…at least half of a population of ten million depend on the state in some way—35% are retirees, 10% government workers, and another 5% receive either unemployment benefits or integration benefits. They would see a country with less youth than they once saw; they would see what is in fact, after Italy, the second-oldest country in […] The post A portrait of Portugal appeared first...

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The Culture that is Germany - Marginal REVOLUTION

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FT: When it launched its fully automated stores four years ago, Germany’s regional supermarket chain Tegut...
FT: When it launched its fully automated stores four years ago, Germany’s regional supermarket chain Tegut billed the experiment as a window into the future of shopping. But the Fulda-based retailer has since been embroiled in a legal fight over a centuries-old principle enshrined in the German constitution: Sunday rest. Be they robotic or staffed […] The post The Culture that is Germany appeared...

current affairs economics
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Iranian drone launch - Marginal REVOLUTION

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Zimbabwe launches new gold-backed currency - Marginal REVOLUTION

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Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”....
Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”. It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at […] The post Zimbabwe launches new gold-backed currency appeared...

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Your Subsidies are Undercutting My Subsidies! - Marginal REVOLUTION

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NYTimes: Treasury officials say that they fear that elevated Chinese production targets are causing its firms...
NYTimes: Treasury officials say that they fear that elevated Chinese production targets are causing its firms to produce far more electric vehicles, batteries and solar panels than global markets can absorb, driving prices lower and disrupting production around the world. They fear that these spillovers will hurt businesses that are planning investments in the United […] The post Your Subsidies are Undercutting My Subsidies!...

current affairs economics
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Is an African debt crisis returning? - Marginal REVOLUTION

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Africa's debt crisis is back to where it was in the late 1990s, with almost one...
Africa's debt crisis is back to where it was in the late 1990s, with almost one fifth of government revenues now used to service foreign loans. The cost is being counted in crumbling clinics and schools, and economic stagnation pic.twitter.com/3zAGRC6ule — Patrick Watt (@WattPatrick) April 2, 2024 The post Is an African debt crisis returning? appeared first on Marginal REVOLUTION. CommentsIs california yimby...

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My contentious Conversation with Jonathan Haidt - Marginal REVOLUTION

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Here is the transcript, audio, and video. Here is the episode summary: But might technological advances...
Here is the transcript, audio, and video. Here is the episode summary: But might technological advances and good old human resilience allow kids to adapt more easily than he thinks? Jonathan joined Tyler to discuss this question and more, including whether left-wingers or right-wingers make for better parents, the wisest person Jonathan has interacted with, […] The post My contentious Conversation with Jonathan Haidt...

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Build Back Key Bridge Better - Marginal REVOLUTION

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The collapse of the Key Bridge is a national disaster but also an opportunity for societal...
The collapse of the Key Bridge is a national disaster but also an opportunity for societal advancement. We must rebuild but in doing so we must also address the historical discrimination faced by workers in Baltimore and beyond. Ensuring the participation of Baltimore’s workforce in the reconstruction project is essential. It’s Baltimore’s bridge and in […] The post Build Back Key Bridge Better appeared...

current affairs economics political science religion
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Guyana fact of the day - Marginal REVOLUTION

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Guyana has lost a greater share of its people than any other country, with two in...
Guyana has lost a greater share of its people than any other country, with two in five people born there living abroad. Here is much more from Gaiutra Bahadur at the NYT, mostly about how Guyana now is becoming very wealthy, albeit with major issues of distribution. The post Guyana fact of the day appeared first on Marginal REVOLUTION. CommentsIn reply to Ben....

current affairs
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The problems of Milei, restated - Marginal REVOLUTION

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Milei wants to improve Argentina's primary balance by 5.5% of GDP quickly. Almost no IMF program...
Milei wants to improve Argentina's primary balance by 5.5% of GDP quickly. Almost no IMF program in history did that. The typical program achieves just 1% of GDP in adjustment. Macri tried 4.8% in late 2018 and everything blew up. History will repeat itself. pic.twitter.com/SnihsMdD7t — Sergi Lanau (@SergiLanauOE) March 27, 2024 The post The problems of Milei, restated appeared first on Marginal REVOLUTION....

current affairs
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Be careful what you announce about your expected value maximization - Marginal REVOLUTION

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Judge Kaplan: A man willing to flip a coin as to the continued existence of life...
Judge Kaplan: A man willing to flip a coin as to the continued existence of life on earth. Mr. Bankman-Fried knew that Alameda was spending customer funds on risky investments, political contributions and Bahamas real estate. The funds were not his to use — Inner City Press (@innercitypress) March 28, 2024 That is via Shiraz. […] The post Be careful what you announce about...

current affairs law philosophy
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Another Thursday link - Marginal REVOLUTION

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Scott Alexander rules against Lab Leak as most likely. Of course this is not the final...
Scott Alexander rules against Lab Leak as most likely. Of course this is not the final word, but it is fair to say that Lab Leak is not the go-to hypothesis here. Analytical throughout. And Nabeel comments. The post Another Thursday link appeared first on Marginal REVOLUTION. CommentsIn reply to Juanita del Valle. Other problem: the super ... by Hazel MeadeIn reply to...

current affairs medicine
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Is there Hope for Evidence-Based Policy? - Marginal REVOLUTION

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Vital City magazine and the Niskanen Center’s Hypertext have a special issue on the prospects for...
Vital City magazine and the Niskanen Center’s Hypertext have a special issue on the prospects for “evidence-based policymaking.” The issue takes as its starting point, Megan Stevenson’s Cause, effect, and the structure of the social world, a survey of RCTs in criminology which concludes that the vast majority of interventions “have little to no lasting […] The post Is there Hope for Evidence-Based Policy?...

current affairs economics law
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Daniel Kahneman, RIP... - Marginal REVOLUTION

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Here is a WaPo obituary. For the curious, here is my (earlier) Conversation with Daniel Kahneman. ...
Here is a WaPo obituary. For the curious, here is my (earlier) Conversation with Daniel Kahneman. Here are earlier posts on him. The post Daniel Kahneman, RIP… appeared first on Marginal REVOLUTION. CommentsThe Conversation With Tyler is amazing for the number of times ... by skepticHate to hear this. Such a brilliant thinker. by FranzishIn reply to DF. I can't think of any...

current affairs
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Opening Borders - Marginal REVOLUTION

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Open borders hasn’t been getting a lot of good press recently but next week Bulgaria and...
Open borders hasn’t been getting a lot of good press recently but next week Bulgaria and Romania will join the Schengen Area for air and sea travel (road travel will likely follow). No more passports or visa necessary! The Schengen Area is a remarkable achievement for a part of the world once riven by violence […] The post Opening Borders appeared first on Marginal...

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Applying to Emergent Ventures, and how to get Britain moving again - Marginal REVOLUTION

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From the TxP Progress Prize: But then Tyler asked us, twice in a row, ‘what is...
From the TxP Progress Prize: But then Tyler asked us, twice in a row, ‘what is your signature product?’ Being honest, we realised even if our pitch was strong at a high level, we’d essentially just submitted a laundry list of ideas for what we wanted to deliver, without much focus. We knew we had […] The post Applying to Emergent Ventures, and how...

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How credible is the Milei plan? - Marginal REVOLUTION

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Here is a good Substack essay by Nicolas Cachanosky, excerpt: Inflation expectations depend on what is expected...
Here is a good Substack essay by Nicolas Cachanosky, excerpt: Inflation expectations depend on what is expected to happen to the budget in the months to come. It is natural, then, to ask whether the observed surpluses are sustainable in the months ahead. Answering this question requires looking at two things. First, how was the fiscal […] The post How credible is the Milei plan?...

current affairs economics uncategorized
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R.I.P. The Scottish Enlightenment 1697-2024 - Marginal REVOLUTION

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The Scottish Enlightenment will die on April 1st 2024, exactly 327 years, eight months and 24...
The Scottish Enlightenment will die on April 1st 2024, exactly 327 years, eight months and 24 days after the incident that provoked it. For on April 1st the Hate Crime and Public Order Act (Scotland) 2021 comes into force, an Act which will criminalise speech and opinion deemed ‘hateful’ even if spoken in the privacy of […] The post R.I.P. The Scottish Enlightenment 1697-2024 appeared...

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