Assorted Links (11/10/2011)

Here’s a list of articles that I have been reading lately:

Students Pick Easier Majors Despite Less Pay

“College students continue to gravitate toward liberal-arts majors despite better pay prospects for those who study engineering, science and math—disciplines deemed too rigorous for many.”

Toll on Parents When Kids Return Home

“Many young adults find themselves still tethered to the Bank of Mom and Dad and living at home, and that dependence is taking a toll.”

Intrade – Rick Perry to be Republican Presidential Nominee in 2012 is 5.0% probable

Last night’s GOP debate apparently has resulted in a major sell-off of Perry for president futures contracts, which now indicate only a 5% chance of winning the GOP presidential nomination…

Want to Make a Banker s Day? Yank Your Deposits

“There’s bad news for those who withdrew funds on Bank Transfer Day to punish the targets of their ire. Most banks don t really need their money — at least not right now.” Tip of the hat to my Baylor colleague David VanHoose for pointing this article out to me – this is quite ironic indeed!

I Was Wrong, and So Are You

“A libertarian economist retracts a swipe at the left—after discovering that our political leanings leave us more biased than we think.” Dan Klein on the importance of avoiding confirmation bias and groupthink…

Three Cheers for Income Inequality

Excellent essay by NYU law professor Richard Epstein; see for a proof in support of professor Epstein’s thesis…

Higher Education Tip-Toes Toward Real Reform?

“Could the growing crisis in American academia be eliciting some smart thinking from the inside? Maybe so.”

Ditching the Ivy League

“According to the Wall Street Journal, the rising cost of a college education and the impact of the recession is causing even wealthy, affluent students to consider state and local schools over their more prestigious and expensive competition.”

The Public-Union Albatross

“In The Wall Street Journal, Philip K. Howard examines what it means when 90% of an agency’s workers retire with disability benefits.”

The Realtor Subsidy –

“The Wall Street Journal highlights crony capitalism on parade, featuring the National Association of Realtors lobbying for higher limits on Fannie Mae and Freddie Mac loan guarantees.”

132 American Economists Say GOP Jobs Strategy Better Than “Stimulus” for Job Creation in Both Short-

131 of my closest American economist friends and I agree on this!…

Mario Vargas Llosa: Literature and the Search for Liberty –

“In The Wall Street Journal, Nobel Laureate Mario Vargas Llosa writes that what is lost on collectivists is the prime importance of individual freedom for societies to flourish and economies to thrive.”

Student Body Left

“The Wall Street Journal writes that the President wants everyone in college on Uncle Sam’s dime.”

Bloomberg’s Broken Windows

“In The Wall Street Journal, Main Street columnist William McGurn revisits the broken windows theory and writes that progressive mayors who tolerate lawlessness by Occupy Wall Street protesters are ruining their cities.”

Public School Teachers Aren’t Underpaid

“In The Wall Street Journal, Andrew Biggs of the American Enterprise Institute and Jason Richwine of Heritage Foundation present research suggesting that overall public school teacher compensation is about 52% higher than teachers could earn in private business.”

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