Ideas: When Mao died, The Economist wrote
06 Sep 2014 Leave a comment
in comparative institutional analysis, constitutional political economy, growth disasters, liberalism, Public Choice Tags: China, communism, How China Became Capitalist, mao, useful idiots
In the final reckoning, Mao must be accepted as one of history’s great achievers: for devising a peasant-centered revolutionary strategy which enabled China’s Communist Party to seize power, against Marx’s prescriptions, from bases in the countryside; for directing the transformation of China from a feudal society, wracked by war and bled by corruption, into a unified, egalitarian state where nobody starves; and for reviving national pride and confidence so that China could, in Mao’s words, ‘stand up’ among the great powers.
via Ideas and http://www.scottmanning.com/content/visualizing-the-great-leap-forward/
Climate Science Explained In One Simple Graph
06 Sep 2014 Leave a comment
in economics
Climate is complicated, but climate science isn’t.
US winter temperatures plummeted from 1950 to 1979. Scientists reacted to this with the global cooling scare, as reported by Science News in 1975
NASA warned of a new ice age by the year 2020.
After 1979, temperatures got much warmer, so NASA’s James Hansen began the global warming scare.
But after the year 2000, temperatures began to plummet again. So NASA and NOAA responded with the only sensible solution. They altered the data to eliminate the earlier warmth and the current cooling.
But the data tampering wasn’t enough to keep up with cooling temperatures – so a few years ago they renamed “global warming” as “climate change”
You might be tempted to think that the practice of climate science is a complete fraud, and if you did, you would be correct.
The impact of unemployment insurance eligibility extensions on long-term unemployment rates
06 Sep 2014 Leave a comment
Six of the world’s seven billion people have mobile phones – but only 4.5 billion have a toilet, according to a U.N. report
06 Sep 2014 Leave a comment
Much-needed gender analysis of median earnings growth since 1947
06 Sep 2014 Leave a comment
in discrimination, gender, human capital, labour economics Tags: gender analysis, median earnings growth by gender, myths and reality
Source: Council of Economic Advisors.
Are men just getting their comeuppance for decades of discrimination against women?
Much is made of the stagnation of median earnings over the last few decades. There is no such stagnation for women
Notwithstanding Paul Krugman’s Assurances, the United Kingdom Announces More Healthcare Rationing
06 Sep 2014 Leave a comment
in economics
A couple of years ago, Paul Krugman assured us that government-run healthcare was a good idea, writing that “In Britain, the government itself runs the hospitals and employs the doctors. We’ve all heard scare stories about how that works in practice; these stories are false.”
Well, if the stories are false, the British press must love to tell negative lies about their own nation, as I’ve pointed out in a series of often-horrifying blog posts here, here, here, here, here, here, and here.
And now there’s a new revelation that further demolishes Krugman’s assertion. But more troubling, it also provides a glimpse at America’s future with Obamacare. Here are some cheerful excerpts from a story in the UK-based Independent.
Hip replacements, cataract surgery and tonsil removal are among operations now being rationed in a bid to save the NHS money. Two-thirds of…
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Utopia, you are standing in it! 
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