Comcast’s proposed purchase of Time Warner Cable surely warms the hearts of many econ profs. The deal represents a sort of one-stop-shopping case study of all the key issues in what economists term “industrial organization” or what the public knows…
Are Bitcoins the future of money? Maybe
Bitcoins are interesting as a social phenomenon as well as an economic one, but we are not likely to know exactly what changes, if any, this innovation will play in people’s lives until much more time has passed. That may…
Health care act no more a ‘job killer’ than Social Security or Medicare
People change their behavior in response to incentives. That is what economics is all about. So no one should be surprised that when a new law makes health care more accessible, some people will change their behavior, perhaps by working…
When the monkeys beat the market
The very name “George Soros” induces fear and loathing for some conservatives, but one has to admit that he has been a successful speculator. Recently released numbers show that his Quantum Fund netted $5.5 billion in 2013, the most in…