The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

Tuesday, January 8, 2019

She bragged to a man on a dating app about poaching deer. He was a game warden. - The Washington Post

“Only in Oklahoma would a woman brag about killing a deer on a dating app,” one woman wrote.

via www.washingtonpost.com

January 8, 2019 | Permalink | Comments (1)

Calfornia power change: As Gavin Newsom takes over as governor, a liberal state pushes further to the left - The Washington Post

The leadership change will alter the politics and personality of this state capital.

via www.washingtonpost.com

https://youtu.be/89VR_lZehw4

January 8, 2019 | Permalink | Comments (0)

Harold Demsetz, R.I.P. - Volokh Conspiracy : Reason.com

Noted economist Harold Demsetz has passed. A longtime member of the UCLA economics department, Demsetz was an important "Chicago School" economist who, among other things, wrote several seminal papers on the law and economics of property rights.

via reason.com

Alchian and Demsetz's paper on information costs is really one of the best and deepest contributions to microeconomics in the 20th century. They virtually created or helped create the sort of thing I and other corporate law profs now do. For better or worse.

January 8, 2019 | Permalink | Comments (1)

Eminent Domain, Emergency Powers, and Trump's Wall - Volokh Conspiracy : Reason.com

President Donald Trump claims he can use an "emergency" declaration to secure funding to use eminent domain to acquire land for his border wall, even without any additional congressional authorization. The validity of this claim is dubious at best. It is far from clear that emergency powers can be used to build the wall. Even if they can, it is questionable whether that would authorize the use of eminent domain to seize private property. And if the president succeeds in using an emergency declaration for such dubious purposes, it would set a precedent that conservative Republicans are likely to have reason to regret the next time a liberal Democrat occupies the White House.

via reason.com

It's probably wrong of me to rub my hands together with glee at the prospect of a constitutional dust-up. It's such good and sometimes even great theater.

January 8, 2019 | Permalink | Comments (0)

Monday, January 7, 2019

Chuck Schumer moves to block pro-Israel bill to protest shutdown

Senate Minority Leader Chuck Schumer and other Senate Democratic leaders are mounting an effort to block a pro-Israel bill on Tuesday in order to protest the ongoing partial government shutdown, which is now in its third week.

via www.washingtonexaminer.com

January 7, 2019 | Permalink | Comments (1)

F-15 pilots at 30,000 feet: 'We're landing without a canopy, do you copy?' | The Times of Israel

The Israeli military launched an investigation to determine how an F-15 fighter jet’s canopy suddenly blew off at 30,000 feet during a training flight last week.

via www.timesofisrael.com

January 7, 2019 | Permalink | Comments (1)

No, it’s not sexist to call Elizabeth Warren ‘unlikable’ 

A recent Politico article wondered whether Sen. Liz Warren’s newly announced 2020 bid was going to remind people of Hillary Clinton’s candidacy, not least because both women have low likability ratings.

Outrage ensued.

via nypost.com

Well, it may not be sexist to say Senator Warren in not likeable, but this video is definitely sexist and I disapprove of it:
https://youtu.be/Z6E98ZRaU1s
Is Cher's horse on prozac or something? Sad!

January 7, 2019 | Permalink | Comments (1)

Is Marijuana as Safe as We Think? | The New Yorker

For example, smoking pot is widely supposed to diminish the nausea associated with chemotherapy. But, the panel pointed out, “there are no good-quality randomized trials investigating this option.” We have evidence for marijuana as a treatment for pain, but “very little is known about the efficacy, dose, routes of administration, or side effects of commonly used and commercially available cannabis products in the United States.” The caveats continue. Is it good for epilepsy? “Insufficient evidence.” Tourette’s syndrome? Limited evidence. A.L.S., Huntington’s, and Parkinson’s? Insufficient evidence. Irritable-bowel syndrome? Insufficient evidence. Dementia and glaucoma? Probably not. Anxiety? Maybe. Depression? Probably not.

Then come Chapters 5 through 13, the heart of the report, which concern marijuana’s potential risks. The haze of uncertainty continues. Does the use of cannabis increase the likelihood of fatal car accidents? Yes. By how much? Unclear. Does it affect motivation and cognition? Hard to say, but probably. Does it affect employment prospects? Probably. Will it impair academic achievement? Limited evidence. This goes on for pages.

via www.newyorker.com

But it doesn't seem to have hurt Joe Rogan.

January 7, 2019 | Permalink | Comments (2)

Man nonchalantly drags little girl through airport

Travelers at Dulles International Airport in Virginia were shocked when they saw a man dragging a young girl through the baggage claim area. The child doesn’t appear to be upset, however, and witnesses believed that the man was her father. Apparently, whatever trip they were on was not going well.

via nypost.com

January 7, 2019 | Permalink | Comments (1)

Sunday, January 6, 2019

Opinion | The Economics of Soaking the Rich - The New York Times

Or to put it a bit more succinctly, when taxing the rich, all we should care about is how much revenue we raise. The optimal tax rate on people with very high incomes is the rate that raises the maximum possible revenue.

And that’s something we can estimate, given evidence on how responsive the pre-tax income of the wealthy actually is to tax rates. As I said, Diamond and Saez put the optimal rate at 73 percent, Romer at over 80 percent — which is consistent with what AOC said.

An aside: What if we take into account the reality that markets aren’t perfectly competitive, that there’s a lot of monopoly power out there? The answer is that this almost surely makes the case for even higher tax rates, since high-income people presumably get a lot of those monopoly rents.

via www.nytimes.com

I think Congress should pass a bill requiring all economists who write for newspapers to release their tax returns to the public. Herr Doktor Professor Krugman's would be very interesting, I'm thinking.

January 6, 2019 | Permalink | Comments (3)