Tax Returns and Game Theory

Mitt Romney still hasn’t released his tax returns, and the Democrats aren’t letting up. Senate Majority Leader Harry Reid now claims he has “sources” that say Romney paid no taxes for ten years, and that it’s up to Romney to prove them wrong.

Justin Wolfers summarized the liberal logic a few weeks ago when he tweeted, “Bayesian logic: If you won’t reveal something, then I infer you have something to hide. Given this, you should only hide it if it’s terrible.”

But this is terrible reasoning built on arrogant assumptions. I don’t remember liberals being excited when the Tea Party used the same bad logic to insist that Obama reveal his birth certificate. There are multiple reasons you might not want to cooperate in this game.

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The Awesome Technologies That Will (Probably) Change This Decade

For awhile now I’ve been planning a post about some awesome technologies that will probably bring great changes to the world by the end of this decade. Azmyth recently did a similar post and inspired me to stop procrastinating on mine. So, without further ado, here is my list:

1. Driverless cars

What is it? Cars that are smart enough to drive you places safely while following all traffic laws. Also known as “autonomous” or “self-driving” car.

Why is it so cool? It will greatly reduce vehicle accidents, which still kill over 30,000 Americans each year and injure many more. (No more worries about drinking and driving. Or texting and driving.) It will also greatly reduce the opportunity cost of driving, as you’ll be able to do a lot of other things during your commute. Some folks have utopian visions of automated taxi services that reduce the need to own a vehicle or build a bigger parking lot. It could disrupt the shipping industry. It could keep all the old Baby Boomers active. I wonder if police will have fewer people to pull over.

How close are we? Google has been driving around a real prototype for a couple of years, although it’s probably not quite ready to handle all the driving conditions and complicated intersections of the American landscape (though as some say, humans are so bad at driving it’s not hard to make a computer that’s better). A few states have pre-emptively signed laws allowing driverless cars, and many manufacturers are supposed to be working on them. We’ve had cruise control for a long time, and we’re starting to see cars that can parallel park themselves and use cameras to warn you when you get too close to things. Completely reliable driverless technology is probably at least a couple years away, and even when it comes it will take awhile to trickle down from the new expensive models (unless we come up with a cheap way to convert older cars, but it seems like you need a lot of sensors – i.e. hardware – around the vehicles). But by 2020, even if we just have thousands of cars with a fancy cruise control that can stay in the lane and avoid collisions on highways, that would still be an incredibly valuable leap.

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Ignoring the Economics of Health Insurance

Rejoice, fair citizens of this great land! Rejoice, young and old! Your fearless leader and friend, Barack Obama, President of the United States and Perpetual Beacon of the Free World, the Hope and Change of the Nations, the Mighty One, has accomplished another mighty deed, worthy of our praises. Four years after halting the rise of the oceans, He has achieved even greater heights by completing his repeal of the powerful laws of supply and demand:

Today is a big day for birth control. Under President Obama’s health care reforms private insurance companies have to start providing contraception for free on August 1. That means no more co-pays for birth control.

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