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ABOLISHING THE POSTAL MONOPOLY：A COMMENT
POSTAL MONOPOLY postage rates Postal Service’s financial problems.
2008/12/8
First class postage rates have been raised once again in an effort to
curb the Postal Service’s financial problems. This scenario, which
has taken place regularly every two or three years, has resul...
Leland Yeager’s (1985) essay, “Rights, Contract, and Utility in Policy
Espousal,” contains convincing criticisms of natural rights doctrines
as well as ofcontractarianism. Nevertheless, I have some ...
THE USE OF LABELS IN DOCTRINAL HISTORY：COMMENT ON BAIRD
Charles Baird modern Austrian economics
2008/12/3
In his lively and provocative paper, Charles Baird seeks to establish
that “the economics of James Buchanan has much in common with
modern Austrian economics.” I am prepared to agree that Baird has
...
WHY Is EDUCATION PUBLICLY PROVIDED? COMMENT ON LOTT
EDUCATION PUBLICLY PROVIDED marginal value
2008/11/27
In a recent article in thisjournal, John R. Lott, Jr. (1987), argued that
the best explanation for public provision of education is the need of
politicians to indoctrinate the populace to accept the...
THE SEARCH FOR MACROECONOMIC STABILITY：COMMENT ON SUMNER
MACROECONOMIC STABILITY BFH system free banking
2008/11/22
In a recent issue of the Cato Journal, Scott Sumner (1991) discussed
the development of proposals to stabilize economic aggregates. He
described early proposals to stabilize the price level by using...
BANK SELF-REGULATION：COMMENT ON BORDO AND SCHWARrZ
BANK SELF-REGULATION monetary laissez faire
2008/11/21
Can banking systems regulate themselves? Hardly anyone thought
so adecade ago. Since then numerous writings (see Selgin andWhite
1994) have defended the opposite view. Critical responses to these
w...
FEDERALISM AND INDIVIDUAL SOVEREIGNTY：COMMENT ON BUCHANAN
FEDERALISM SOVEREIGNTY Tiebout tradition
2008/11/19
James Buchanan has succinctly restated the Tiebout tradition of
federalist analysis. The foremost contribution of federalist structures
is to minimize political coercion in society and thereby to pr...
THE MEXICAN PESO CRISIS：COMMENT ON MEIGS
MEXICAN PESO CRISIS exchange rate global capital flows
2008/11/18
James Meigs’s (1997) essay constitutes a valuable contribution to
the vast literature on the origins and lessons of Mexico’s peso collapse
in 1994. An adequate response to Meigs’s complex argument w...
POLITICS AS THE ART OF CONFINED COMPROMISE： A COMMENT ON BOUDREAUX AND LEE
public choice theory government failure water pollution air pollution
2008/11/13
Over the last three decades or so public choice economists have
raised a long list of reasons why governments fail. Thus, public choice
theory can be seen as a theory of government failure.
A PROPOSAL TO DEREGULATE BANKING：COMMENT ON THOMAS
Thomas’s Proposal DEREGULATE BANKING financial intermediaries
2008/11/11
Hugh Thomas’s proposal inthe Fall 2000 Cato Journal for a comprehensive
reform package to deregulate banking—with a view to
strengthening market discipline on financial intermediaries, reducing
the...
Comment：Gibbs Sampling，Exponential Families and Orthogonal Polynomials
Comment Gibbs Sampling Exponential Families Orthogonal Polynomials
2010/4/30
Let K be a reversible Markov kernel on a measurable
space (S,B) with stationary distribution P.
Regard K as a linear operator, K:L2(P)→L2(P),
and suppose that L2(P) admits an orthonormal basis
of ...
Comment：Lancaster Probabilities and Gibbs Sampling
Comment Lancaster Probabilities Gibbs Sampling
2010/4/30
It is a pleasure to congratulate the authors for
this excellent, original and pedagogical paper. I read
a preliminary draft at the end of 2006 and I then
mentioned to the authors that their work sh...
We congratulate the authors on a review of convergence
rates for Gibbs sampling routines. Their
combined work on studying convergence rates via
orthogonal polynomials in the present paper under
di...
Comment：The 2005 Neyman Lecture：Dynamic Indeterminism in Science
Comment 2005 Neyman Lecture Dynamic Indeterminism Science
2010/4/30
Professor Brillinger is to be congratulated on this
paper which is both a contribution to the history of
statistics and an introduction to statistical modeling
using stochastic processes, a topic t...
Comment：Microarrays，Empirical Bayes and the Two-Groups Model
Microarrays Empirical Bayes Two-Groups Model
2010/4/30
Efron has given us a comprehensive and thoughtful
review of his approach to large-scale testing stemming
from the challenges of analyzing microarray
data. Addressing the microarray challenge right ...