Day: October 26, 2008

  • Greg Mankiw’s Work Incentives

    Greg Mankiw’s new post on his personal work incentives is required reading for anyone who wants to discuss taxes in this election cycle. The idea is simple: our tax system uses marginal rates, meaning one rate applies to the first dollar earned and different rates kick in at different thresholds. (That is, unless you’re so…

  • Skipping Down the Garden Path

    I offer a final thought for the evening. Last night, a dear friend and I were discussing the state of the world and the nation, particularly with reference to some of the more extreme economic proposals made by politicians and pundits of varying degrees of skill. My friend is one of the most intelligent, well-educated,…

  • In Praise of Logic

    Sometime in the last few generations, logic started getting short shrift. I don’t mean logic as a concept; plenty of people can, and do, invoke “logic” as a defense for completely absurd arguments. No, I mean LOGIC, the formal subject of study, the one involving formal concepts like “and,” “or,” and “xor,” as well as…