Watch the Speed Limit

Click here to read my column in this coming Sunday's New York Times.

Upcoming Webinar

I will be giving a webinar open to all on March 5. You can find more information and register here.

My recent "visit" to the LSE

Fiscal Stimulus Around the World

CBO on the Minimum Wage

NPR reports:

Raising the federal minimum wage to $15 an hour by 2025 would increase wages for at least 17 million people, but also put 1.4 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.

A phase-in of a $15 minimum wage would also lift some 900,000 out of poverty, according to the nonpartisan CBO. This higher federal minimum could raise wages for an additional 10 million workers who would otherwise make sightly above that wage rate, the study found.

Potential job losses were estimated to affect 0.9 percent of workers, the CBO wrote, adding: "Young, less educated people would account for a disproportionate share of those reductions in employment."

GameStop

Sebastian Mallaby was a good column on the GameStop phenomenon.

A family member also suggested a good hypothesis: The bubble is being being driven by internet trolls. The right model of a troll is a person willing to waste his time and money to get other people to waste their time and money.