Assorted Links (1/15/2012)

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

The Truth About Bain and Jobs

online.wsj.com

Quoting from this article, “…the best antidote to foolish thinking about job creation is the work of economists Steven J. Davis and John Haltiwanger. Their painstaking research has revealed a side of America’s dynamism that isn’t always pretty. Between 1977 and 2005, years roughly overlapping Mr. Romney’s business career, some 15% of all jobs were destroyed every year, even as total jobs grew by an average of 2% a year. Job creation and destruction are both relentless, the authors showed in paper after paper. The small difference between the two is what we call prosperity.”

Fascinated by Tim Tebow on More Than Sundays

www.nytimes.com

“What, exactly, is it about Broncos quarterback Tim Tebow that so fascinates and provokes us? Why do some people project onto him the best of this country — and the worst?”

The Artist (2011)

www.imdb.com

“Directed by Michel Hazanavicius. With Jean Dujardin, Bérénice Bejo, John Goodman, James Cromwell. Hollywood, 1927: As silent movie star George Valentin wonders if the arrival of talking pictures will cause him to fade into oblivion, he sparks with Peppy Miller, a young dancer set for a big break.”

Dear Student: I Don’t Lie Awake At Night Thinking of Ways to Ruin Your Life

www.forbes.com

“Your professors don’t hate you, and they aren’t out to get you. Now that this is out of the way, let’s have a great semester.”

Why the Left Is Losing the Argument over the Financial Crisis

www.american.com

“Fair-minded people are persuaded by facts, not invective.”

The Mathematics of Magic

www.freakonomics.com

“I don’t particularly like math. I’ve never been a fan of magic either. For some reason, however, when I heard about a new book entitled Magical Mathematics written by two first-rate mathematicians, Persi Diaconis and Ron Graham, I felt compelled to buy it and read it.”

How Private Equity Works

professional.wsj.com

The author of this thoughtful and well researched article is Jonathan Macey, who is a professor of corporate law, corporate finance and securities law at Yale Law School. Professor Macey provides a very clear and succinct explanation of what the role of “private equity” is in a free market economy (hint: it ISN’T what Rick Perry and others say it is).  Quoting from this article, “…Jonathan Macey notes that the alternative to the leaner, smaller firms created by private equity are bankrupt firms that don’t employ anybody.”

Ron Paul’s achievement

www.washingtonpost.com

“Bringing his cause in from the fringe.”

How Fannie, Freddie and Politicians Caused the Crisis

www.realclearmarkets.com

Quoting from this article, “Government housing policies and the toxic mortgages they spawned were the sine qua non of the financial crisis.”

George Orwell’s Animal Farm

www.farnamstreetblog.com

“Animated (72 minute) Feature of George Orwell’s anti-totalitarian novella Animal Farm.”

Elizabeth Warren’s Sloppy Progressivism

www.hoover.org

Interesting quotes from this article by NYU law professor Richard Epstein: 1) “Warren wants to reduce the role of the entrepreneur in society.” 2) “Laissez-faire capitalism requires an effective and focused government.” and 3) “Time after time, Warren embraces coercion over cooperation.”

Class Warfare and the Buffett Rule

professional.wsj.com

“In The Wall Street Journal, Arthur B. Laffer writes that implementing a surtax on ‘millionaires’ would hurt just about everyone but the super rich like Warren Buffett.”

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