Sunday, July 16, 2006

Economics and Social Policy IV

Welcome to the July 16, 2006 edition of economics and social policy. Last week, a post for Canada, this week Malaysia. Soon "Economics and social policy " will be the source for econo-geekery around the world!

Tom Blumer presents » The Jobs Numbers: Somebody Has Some Explaining to Do posted at BizzyBlog, saying, "The government job increase numbers are diverging significantly. The number used as the basis for calculating the unemployment rate shows jobs have gone up at a rate of over 200,000 a month so far this year, while the one based on calling companies is showing a monthly average of about 130,000."

I once had a professor of economics use the term 'figures don't lie, but liars will figure'. Hey baby, it's all in the methodology!

Steve Faber comments on H-1B Visas - Good For America? at DebtBlog.

Sometimes they are, sometimes they aren't. To the extent that they bring in engineering, scientific, and business talent, they're probably a net plus. They're certainly a net plus compared to the crowd of unskilled and unassimilated illegals from Central America.

caveatBettor chips in with Mankiw weighs in on "gambling" on Caveat Bettor, saying, "A quick reflection on Gregory Mankiw's recent posts on his concerns with gambling. Timely perspective from a Tradesports blogger, on the heels of the House bill to ban internet gambling."

I'm not crazy about gambling - it's essentially a morally corrupting force in the market, made worse by the fact that the public at large isn't able to discriminate between gambling (creation, trading and assumption of artificial risk) with speculation (trading and assumption of existing risk pools).

Peter Kua presents Stop living in denial for the sake of Malaysia posted at A good post on the need for evaluation and adjustment to criticism rather denial.

That concludes this edition. Submit your blog article to the next edition of Economics and Social Policy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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