What have been the big applause lines in these debates? Well, a statement that the governor of Texas is responsible for killing 234 people on death row. Or that we favor torture. Or that we’re creating a fence on the Mexican border that electrocutes people when they try to cross it. Or when people show up at the emergency room at hospitals and they’re not insured don’t treat them. And that, I mean these are the big applause lines, people just hoop and holler when they hear all that. […]

It doesn’t have anything to do with the republican party that I was a part of. This is just totally different. And all of these people who are saying this, y’know, and claiming that, y’know, they’re for all this stuff, they also sort of ostentatiously say, “Oh, we’re very religious people. We really, we’re just very pious, Christian people.” They were for torture, and electrocution of the people on along the border and all of that. That doesn’t have anything to do with, is contrary to the Christianity that I understand.

If you can keep these embryos in a freezer, forever, are they legally essentially immortal people? Say we hook up a generator to the freezer and so on to save it from power cuts, etc.

If we have an embryo in a freezer, and it is an immortal person under Mississippi law, can we transfer assets to it and have it hold them in perpetuity, avoiding tax penalties, etc.?

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.

At competitive private colleges and universities, admissions directors reserve places in each class for the children of alumni and potential donors; for athletes, many of whom will make less use of their academic opportunities than their classmates do; and simply for those who can pay. And at universities that boast of their commitment to undergraduate teaching, too many professors gabble through PowerPoint slides twice a week and entrust the face-to-face teaching of actual students to underpaid graduate students and Ph.D.s on short-term contracts, who do their best to impart basic skills in writing and quantitative analysis while earning only a few thousand dollars a course.

I feel less and less that way when I read angry tweets and newspaper comments about my profession. Maybe I shouldn’t read what angry tax paying trolls write and say on the internet, but I’m so appalled I keep checking to see if it’s still there. I’m told I’m ungrateful. I read that I am greedy, or a tool of greedy union bosses. I am a selfish son of a bitch, one guy informed me, when I was trying to explain the details and the facts of current legislation. I read that everyone’s life is going down the toilet, because I am breaking their backs. I have ruined everything. Everything is ruined.

Please know it did not feel like ruining everything. It felt like sitting in a tiny plastic chair at a tiny table, cajoling an autistic preschooler into brushing watercolor across a white wax face i had pre drawn, then watching him laugh at the big reveal. It felt like receiving a drawing as a gift from a talented little boy who drew like an adult, but suffered crippling arthritis in his hands and for whom i had arranged free classes at SAIC. It felt like crossing a name off a roster because she and her grandmother had been raped and killed in their house near the school. It felt like a million little notes shoved into my hands and pockets from eager little people who only came up to my waist. It felt like tamales from mothers who could not speak much English, but beamed widely as they handed the foil package over.

There is little in the current cinematic landscape that matches or evokes the anger and the sense of injustice that have galvanized the protesters at Occupy Wall Street and its proliferating offshoots. You know things are bleak when people are positioning the financial-crisis indie thriller “Margin Call” as a movie of the moment.

Perhaps it will take time, but while we’re waiting, class warriors and curious bystanders alike might want to check out Travis Wilkerson’s “An Injury to One,” one of American independent cinema’s great achievements of the past decade, just issued on DVD by Icarus Films.

The key to the MM’s power is that most drug dealers will sooner or later, usually sooner, end up in prison. Thus, the MM can credibly threaten drug dealers outside of prison with punishment once they are inside prison. Moreover, prison is the only place where members of many different gangs congregate. Thus, by maintaining control of the prison bottleneck, the MM can tax hundreds of gangs.

One of the most interesting aspects of Skarbek’s analysis is that he shows–consistent with Mancur Olson’s stationary bandit theory–that as the MM grew in power it started to provide public goods, i.e. it became a kind of government. Thus, the MM protects taxpayers both in prison and on the street, it produces property rights by enforcing gang claims to territory and it adjudicates disputes, all to the extent that such actions increase tax revenue of course. The MM is so powerful that it often doesn’t even have to use its own enforcers; instead, the MM can issue what amounts to a letter of marque and reprisal, a signal that a non-taxpaying gang is no longer under its protection, and privateers will do the rest.

Let me tell you what I think of bicycling. I think it has done more to emancipate women than anything else in the world. It gives women a feeling of freedom and self-reliance. I stand and rejoice every time I see a woman ride by on a wheel…the picture of free, untrammeled womanhood.
—Susan B Anthony. (Strickland, 324)

Psychic benefits describe the pleasure that someone gets from owning something — over and above economic returns. In discussions of pro sports, the role of psychic benefits doesn’t get a lot of attention. But it should, because it is the key to understanding all kinds of behavior by sports owners — most recently the peculiar position taken by management in the NBA labor dispute.

The best illustration of psychic benefits is the art market. Art collectors buy paintings for two reasons. They are interested in the painting as an investment — the same way they would view buying stock in General Motors. And they are interested in the painting as a painting — as a beautiful object. In a recent paper in Economics Bulletin, the economists Erdal Atukeren and Aylin Seçkin used a variety of clever ways to figure out just how large the second psychic benefit is, and they put it at 28 percent. In other words, if you pay $100 million for a Van Gogh, $28 million of that is for the joy of looking at it every morning. If that seems like a lot, it shouldn’t. There aren’t many Van Goghs out there, and they are very beautiful. If you care passionately about art, paying that kind of premium makes perfect sense.