@nusuk labels @PeterTatchell, of all people, a reactionary!

Apartheid South Africa tried to set Peter Tatchell up as a bank robber to smear his anti-apartheid activities – bizarre black propaganda. Arrested 300 times, left brain-damaged from a bashing by Mugabe’s thugs, he is now listed as a national treasure for his relentlessly principled activism.

@RusselNorman @JanLogie #AirPollution in NZ & abroad @TransportBlog

The lack of celebration of the low levels of air pollution in New Zealand by Greenpeace, the Greens and environmentalists can only be explained by mass kidnapping. Otherwise they would be dancing in the streets. We pray for their early release from their outrageous captivity by mystery hostage-takers.

Reasons to vote for @JeremyCorbyn @UKLabour reloaded

I came across this 80s gem by chance on late-night TV

 

Fiscal Austerity during Debt Crises

NEP-DGE Blog

By Cristina Arellano and Yan Bai

This paper constructs a dynamic model in which fiscal restrictions interact with government borrowing and default. The government faces fiscal constraints; it cannot adjust tax rates or impose lump-sum taxes on the private sector, but it can adjust public consumption and foreign debt. When foreign debt is sufficiently high, however, the government can choose to default to increase domestic public and private consumption by freeing up the resources used to pay the debt. Two types of defaults arise in this environment: fiscal defaults and aggregate defaults. Fiscal defaults occur because of the government’s inability to raise tax revenues. Aggregate defaults occur even if the government could raise tax revenues; debt is simply too high to be sustainable. In a quantitative exercise calibrated to Greece, we find that our model can predict the recent default, but that increasing taxes would not have prevented it. In…

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5 myths many economists believe..

Mostly Economics

Donald Boudreaux lists the five myths:

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Food Stamp Work Requirement Cuts Non-parent Caseload by 75% @GreenCatherine

In common with New Zealand, Maine found that a number could not complete work requirements because they could not get time off work from their off the books job.

Lindsay Mitchell found through Official Information Act requests that one in 10 beneficiaries are working full-time and one in 5 have no intention of looking for a job in the next year despite a requirement to actively look for work as a condition of receipt of their benefit.

recent gre scores for economists vs. other social scientists

orgtheory.net

socsciGREOn Twitter, Michigan higher ed prof Julie Posselt compares the quantitative GRE scores for various social science disciplines. Take home message: social sciences are comparable in terms of recruits, but economics has stronger math skills. Take home point #2: there is still a lot of overlap. The bottom third of econ overlaps with other social sciences. This probably reflects that the extraordinarily mathematical approach to econ is a phenomenon of the strong programs that attract those with degrees in physical science and they have pushed the more traditional economics student to the bottom of the distribution.

50+ chapters of grad skool advice goodness: Grad Skool Rulz ($2!!!!)/From Black Power/Party in the Street

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How did British billionaires make their money

Inheriting wealth is not what it used to be in Britain. There are all these upstarts running businesses or working in the City.

image

Source: Caroline Freund and Sarah Oliver, The Origins of the Superrich: The Billionaire Characteristics Database (2016).

NZ tariffs eliminated immediately for #TPPA countries

Source: Trade and Investment Policy Watch | PIIE Chart: Australia and New Zealand Don’t Delay Liberalization in TPP.

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NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

STOP THESE THINGS

The truth about the great wind power fraud

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