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Why Trains Won’t Work

A new post on PJM.

Good News and Bad News About the Budget

A new piece up today at Pajamas Media.
Looking at it, I think I wish I’d have gone one graph deeper into the subject.
What I really want to make clear, and state as strongly as possible , is that this shows arithmetically that taxes are not the answer. No tax scheme, no matter how [...]

One Room Schools for the 21st Century

There’s been a page lurking over on the left for “The CORS Project: A Modest Proposal” for a while. I know it’s already been popular, thanks among other things to a link from my friend Tonya Miller, but I’ve been putting off bringing it to the front because it’s associated with a Pajamas Media [...]

Kindle review up at Pajamas Media

Here’s a link. I even got Instalinked for this one.
[Update:]

Holy crap, it’s “Most Popular” today.

What Your Next Computer Will Do

My new article on Pajamas Media. Complete with annoying arithmetic error.
And a great plug from the boss!

A New Kind of Agent

… you need a filter: someone has to decide what to publish, and has to make those decisions based on how many copies they expect to be able to sell. Those people are called “editors,” and their job is to read all the incoming material, decide what is going to have the best chance of [...]

Bear Stearns and March Madness

The investment market in mortgage backed securities isn’t a simple coin flip, and it’s not a zero sum game — over time there will be more money around in the game than the players started with. It’s still essentially random — you don’t know who will default on a mortgage, you don’t know what else [...]

Twenty for a Penny

My new article on Pajamas Media.
Update: Full article below the fold.

Sir Arthur C Clarke, CBE 1917-2008

“Oh my God! It’s full of stars!”
My obituary for Clarke is up at PJM.
John Derbyshire’s is up at NRO. See also the quote of the day.
Update: Full article below the fold.

It Ain’t Insurance

A new piece at Pajamas Media.
Update: Turns out Megan McArdle (Megan, honey, call me) posted on more or less the same topic today, yielding today’s Quote of the Day:
I’m persistently disturbed by the notion that most of our fellow citizens are intellectual children who need to be forced to do what is good for them [...]