Robert Cottrell's blog
Richard Thaler, on punishing BP:If we aren’t careful, we will encourage companies that have enough money for collection to leave the drilling to those that don’t
David Brooks, on fiscal policy: In times like these, deficit spending to pump up the economy doesn’t make consumers feel more confident; it makes them feel more insecure because they see a political system out of control
Irving Kristol, reviewing Hayek: It is by no means certain that people would be happier if they knew their condition in life to correspond to their true capacities
Bruce Weber, on David Markson: Mr. Markson did not much bother with character development or plot; nor, as his work evolved, did he care much for devices of organization like chapters, or even paragraphs
Tyler Cowen, on certainty: Obviously you hold the view you think is most likely to be true. But I think you should give that something like 60-40, whereas in reality most people will give it 95 to 5, or 99 to 1, in terms of probability that it is correct
Ilya Somin, on public awareness: only 28% of Americans can name two or more First Amendment rights; on the plus side, the same study found that 52% can name two or more characters on the Simpsons
Edward Hall, on groups: The perfect group size is 8-12 people. If a group that size can’t get it done, then it’s time to break down the task
Clive Crook on Obama:
Apparently it is a great idea to elect a president who is calm in a crisis, except when there's a crisis. Then what you need is somebody to lead the nation in panic