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Sometimes words escape me

In a reply to a comment on my post about the proposed burning of the Koran, I condescendingly lectured someone about their claim that the First Amendment might not protect…

Thoughts on the non-mosque mosque

I’ve resisted posting about this, since everything that could be said has been said. But I can’t abide the views expressed everywhere, even among my friends and colleagues, that I’m…

Union-boss compensation

There are hundreds and hundreds of academic articles in law, finance, economics, business, and other social sciences discussing the issue of executive compensation broadly and down to the smallest detail.…

Paul Krugman spouting nonsense

In this morning’s New York Times, Professor Paul Krugman laments the state of America, and, as a remedy, proposes . . . surprise! . . .  more government spending. He…

The Obama tax increases

The biggest and most important issue for the next few months won’t be immigration, the New Black Panthers, or even the war in Afghanistan. Huge tax increases are headed our…

Toy Story 3

I just attended the world premiere of “Toy Story 3.” No, I’m not in Cannes, New York, London, or Tokyo. I’m here in Chicago, where Pixar graciously screened the movie…

Implicit Compensation

The expansive executive compensation literature has two camps: one camp believes markets generally work; the other that they don’t. I am in the former camp, but believe markets and individuals…