Saturday, November 9, 2013

Highly linkable

The more I read about pirates the less I think the Jack Sparrow saga is based on true events. (HT: Tyler Cowen)

What do you mean the cost of health care is going up?!?

But surely there aren't simple, compromise solutions that while they may not be first best, are second best and far and away better than the Obamamess?

Finally, here is a great summary of what market "efficiency" is really all about. One of many money quotes:
Efficiency implies that professional managers should do no better than monkeys with darts. This prediction too bears out in the data. It too could have come out the other way. It should have come out the other way! In any other field of human endeavor, seasoned professionals systematically outperform amateurs.