Karma

Arnold Kling

By Arnold Kling, Oct 16 2010

For the tea partiers, federal activism has become a moral insult. They believe that, over time, the government has made a concerted effort to subvert the law of karma.

Read the entire essay.

My comments could go in a number of different directions. But, for those of you have been following Robin Hanson’s farmer-forager dichotomy, is karma a farmer value? It seems that way to me.

Jeffrey Rogers Hummel explains the Bernanke view of financial intermediation but raises a critical question about its policy implications. what distinguishes banks from other financial intermediaries is not merely that deposits are used as money but also that banks, in Bernanke's words, "specialize in making loans to ...

Oct 17 2010

Economic Methods

MIT Economists in the New York Times

Arnold Kling

1. Twenty years ago, Peter Diamond wrote, suppose individuals could be grouped independent of their health needs and work status. What if government simply assigned people to groups, ranging in size from 10,000 to 100,000, based solely on where they live? Everyone would automatically receive basic coverage and could,...

Oct 16 2010

Politics and Economics

Karma

Arnold Kling

Jonathan Haidt writes, For the tea partiers, federal activism has become a moral insult. They believe that, over time, the government has made a concerted effort to subvert the law of karma. Read the entire essay. My comments could go in a number of different directions. But, for those of you have been following Ro...

Karma

Arnold Kling

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