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Posts by Kathleen McCaffrey  (Page 2)

Even a stopped clock.

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Posted by    Friday, February 10, 2012 at 11:25am

Is right twice a day. Jeffrey Sachs, darling of the left, innovator of crazy theoriesmisguided foreign aid efforts, has called out Paul Krugman’s approach to economics: 

“Paul has a powerful bully pulpit in his New York Times column, and he’s been on one theme for three years,” Sachs said. Krugman has...

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Cornell’s Tech Campus Irks Pro-Palestine Group

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Posted by    Wednesday, February 8, 2012 at 2:30pm

Last month, Cornell celebrated a successful bid for a NYC-based tech campus. The win is a big boost for Cornell’s standing and opportunities for undergraduates. Since the announcement, though, I’ve been waiting for thing to “get political.” Frankly, I’m surprised it took so long….

As part of their successful bid, Cornell will...

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The Facebook IPO and economic literacy.

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Posted by    Friday, February 3, 2012 at 11:32am

The big news this week was Facebook’s initial IPO filing. The paperwork itself makes a good read, apparently “Facebook users upload 250 milli...

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My winter break.

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Posted by    Friday, January 27, 2012 at 11:00am

Happy 2012, everyone! I just started my final semester at Cornell, which promises to be exciting. Before I delve into current events, I thought I would take my first post back to recap my winter break in south east Asia. I spent one week in Hong Kong and another in Singapore....

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Some thoughts on Hitchens

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Posted by    Sunday, December 18, 2011 at 3:53pm

I don’t care for the phrase “public intellectual,” particularly when paired with “political thinker.” It tends to reference the most polemic or controversial people, skeptics of common sense.

For instance, there are lots of great thinkers who have never ascended to notoriety the way Noam Chomsky has, probably because they are tasteful...

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Please, let it be sandbagging.

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Posted by    Wednesday, December 7, 2011 at 3:46pm

One of my friends circulated a link to a disturbing article from WaPo: When an adult took standardized tests forced on kids.

Basically, an “administrator” with a BS and two MAs flunked this extremely basic 10th grade Florida state math test.

This is the test in question: http://fcat.fldoe.org/pdf/releasepdf/06/FL06_Rel_G10M_TB_Cwf001.pdf. 

After reading his review of the test,...

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Final Exams

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Posted by    Sunday, December 4, 2011 at 2:20pm

I just finished classes on Thursday and now I’m in finals territory. I have two papers and two cumulative exams between this week and next.

I abhor cumulative exams. They are a total time drain and I have yet to feel productive while studying for one. It inevitably turns into a cramming...

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Televised Debates: The good, the bad, the — your time is up.

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Posted by    Friday, December 2, 2011 at 11:20am

I take issue with Don Surber’s recent piece, titled “Debates work.”:

The much-maligned mainstream media is doing its job and that is helping Republicans get their message out, while at the same time ridding the party of its losers quickly. Better to have a Rick Perry brain-freeze in a debate in the...

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Incentives and lives matter.

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Posted by    Thursday, December 1, 2011 at 4:26pm

Good news out of San Francisco today: 

A federal appeals court ruled Thursday that most bone marrow donors can be paid, overturning a decades-old law that made such compensation a crime.

In its ruling Thursday, the 9th U.S. Circuit Court of Appeals said a technological breakthrough makes donating bone marrow a nearly identical...

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We need the government…

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Posted by    Wednesday, November 30, 2011 at 2:22pm

…to protect the poor. Or so my friends have argued.

But, time and time again, I see government intervention perverting many means out of poverty. While ineffective foreign aid and protectionism hurt those in the developing world the most, many Americans have had their economic aspirations atrophied by laws all over the country which target small...

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Vernon Smith Interview

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Posted by    Tuesday, November 29, 2011 at 1:45pm

Reason Magazine has a great interview with Vernon Smith, a pioneer in experimental economics.

reason: You say you’re a libertarian with a lot of reservations. The experiments you have run and the research you’ve done over the years really argue that institutions create good and bad behavior.

Smith: As a libertarian, I’d like to emphasize the property...

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DSK play-by-play

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Posted by    Monday, November 28, 2011 at 11:11am

Edward Jay Epstein wrote an extremely interesting piece on the day that the US became acquainted with DSK‘s name. Important parts of the piece that a lot of outlets left out:

  • What took place between DSK and the maid in those six to seven intervening minutes...
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The EU gets philosophical

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Posted by    Saturday, November 26, 2011 at 2:15pm

(at their own peril.)

I read an article in the German newspaper, Der Spiegel, that really got my eyes rolling. It is titled “Habermas, the Last European”:

Jürgen Habermas, 82, wants to get the word out. He’s sitting on stage at the Goethe Institute in Paris. Next to him sits a good-natured professor...

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Hope, Economic Literacy

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Posted by    Wednesday, November 23, 2011 at 2:45pm

Barack Obama flopped it in NH when he was heckled during a speech: 

‘A lot of the folks who have been down in New York and all across the country, in the Occupy movement, there is a profound sense of frustration,’ he said. ‘There is a profound sense of frustration about the...

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Super Committee Roundup

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Posted by    Monday, November 21, 2011 at 5:02pm

From the AP: 

With the collapse of the deficit-cutting supercommittee, Congress’ emergency backup budget-cutting plan now is supposed to take over — automatic, across-the-board spending reductions of roughly $1 trillion from military and well as domestic government programs.

But the big federal deficit reductions that are to be triggered by Monday’s supercommittee collapse...

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Ayn Rand is not a synonym for libertarianism.

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Posted by    Monday, November 21, 2011 at 3:30pm

Not that anyone who should try to find out about the distinction would care, but Ayn Rand ≠ libertarianism.

I recently had an email forwarded to me by a friend on an “Occupy” listserve from an academic with the subject line “A little something for the libertarians” with a copy/paste of an article

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How we should discuss income inequality

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Posted by    Saturday, November 19, 2011 at 1:48pm

I’ve been trying to articulate the way to engage with OWS-sympathizers for the past few weeks. It’s hard to write-off some aspects of the OWS gripes: some sectors have seen an inordinate amount of favoritism from the government while a lot of the middle class has fallen on hard times. My...

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