Today, Krugman yet again argues that there is a lack of demand. Yes, there is a lack of demand, I agree. There is a lack of demand because our lower …
Regarding Pinker’s new book on the decline in violence in the world over time. I would argue that there are the following reasons for the worldwide decline in violence. 1. …
The worst genocides of the 20th Century (160 million killed) – Mao Ze-Dong (China, 1958-61 and 1966-69, Tibet 1949-50) 49-78,000,000 – Jozef Stalin (USSR, 1932-39) 23,000,000 (the purges plus Ukraine’s …
Over On The Economist, an unnamed author writes that the Hondurans are sponsoring a libertarian experiment: , libertarians have a real chance to implement their ideas. In addition to a …
Over on Pravda, the popular, nationalistic and jingoistic Russian news agency, Fox News is attacked for it’s nationalist sentiments. I replied: Fox news is not exactly a minority business. It’s …
On Economix at the NYT, Bruce Bartlett writes that it’s difficult to count who’s ‘rich’. The first thing to know is that there is no formal definition of who is …
Greg Mankiw makes a case for graduate school education: Apart from their bank accounts, Gallup finds education to be the greatest difference between the wealthiest 1% of Americans and everyone …
“Capitalism as it is used in common discourse, refers to a decision making-methodology in it’s narrowest form, and a general bias in it’s broader form, that is used by members …
Over on Stumbling And Mumbling, Chris Dillow writes about inequality, and refers to OECD Gini-charts on inequality and trust, in an effort to suggest it’s ‘how we believe’ one thing …
A friend posted a humorous advertisement from Columbia, where young women are advocating that ‘natural is better’. Someone asks why this kind of thing happens. An exacerbated interest in youth …
1) Fiat Money(1) The operating principle behind fiat money is to require taxes be paid using it. This creates a demand for the fiat money that cannot be satisfied without …
The world needs cartoons it seems. In macro economics, these ‘cartoons’ consist of a set of standardized charts the goal of which is to inform policy makers as to the …
Karl States: “I actually think this issue brings up extremely deep philosophical questions that virtually no one I can find wants to engage in.” What are you talking about? No …
An article on slate that says that men are homophobic when watching pornography. In other words, this is another feminist-appealing anti-male rant. The straight male performer must be attractive enough …
On Modeled Behavior Karl Smith uses these diagrams, and from it concludes: “The United States is becoming more educated faster than the economy would absorb educated workers.” Actually, that statement …
