(A couple of) Monday Links and the trap that keeps on showing up

Meet skimpflation: A reason inflation is worse than the government says it is (NPR)

Hayekian behavioral economics (Behavioral Public Policy)

Short-ass rant: The Loop of The First and Only (title inspired from here)

  • Locate random piece in the net (usually thru a link, or a reference)
  • It turns out to be, you know, good stuff
  • If applicable, you probably subscribe to the relevant newsletter
  • And things only go downhill from there
  • Each subsequent piece drifts farther and farther from your interest
  • Like, you start contemplating why you bothered in the first place
  • Said newsletter slumps to the not-even-open-the-darn-incoming-mail plateau
  • Locate another random piece in the net (usually thru a link, or a reference)
  • It turns out to be, again, you know, good stuff
  • Wild cards: Going paid, changing frequency

The Loop applies mostly in narrowly focused, specialist newsletters. I guess that, in a way, it exposes those who skim and skip among subjects (the mere dilettantes, like yours truly), vis-à-vis the more dedicated crew. It adds to the Email Overload Curse and fits nicely with hoarding tendencies (so, no, no unsubscribe, no way).

Nightcap

  1. Today’s most pressing questions cannot be depoliticized Aaron Timms, New Republic
  2. Views of evil: Game of Thrones and Lord of the Rings Bryan Weynand, Gospel Coalition
  3. What America doesn’t get about dictatorships Raul Gallegos, New York Times
  4. Lost wallets, around the globe Cohn, Maréchal, Tannenbaum, Zünd, Science

New Issue of Econ Journal Watch: Economists on the Welfare State and the Regulatory State: Why Don’t Any Argue in Favor of One and Against the Other?

For those of you who don’t know Fred is an Editor for the Journal and Warren is its math reader, so this occasion is very much a family affair. Here is the low-down:

Economists on the Welfare State and the Regulatory State: Why Don’t Any Argue in Favor of One and Against the Other?

The symposium Prologue suggests that among economists in the United States, on matters of the welfare state and the regulatory state, virtually none favors one while opposing the other. Such pattern is a common and intuitive impression, and is supported by scatterplots of survey data. But what explains the pattern? Why don’t some economists favor one and oppose the other?

Contributors address those questions:

Dean Baker: Do Welfare State Liberals Also Love Regulation?

Andreas Bergh: Yes, There Are Hayekian Welfare States (At Least in Theory)

Marjorie Griffin Cohen: The Strange Career of Regulation in the Welfare State

Robert Higgs: Two Ideological Ships Passing in the Night

Arnold Kling: Differences in Opinion Among Economists About Government and Market Efficiency

Anthony Randazzo and Jonathan Haidt: The Moral Narratives of Economists

Scott Sumner: Moral Differences in Economics: Why Is the Left-Right Divide Widening?

Cass Sunstein: Unhelpful Abstractions and the Standard View

There is a lot more here. You can find Econ Journal Watch‘s home page here, on our ‘Recommendations’ page.