Changing preferences in the mating game

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Income tax plus employee and employer social security contributions as % of labour costs in US, Britain, Germany, Italy, Canada, Australia, Sweden and Denmark

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Source: Taxing Wages 2015 – OECD 2015.

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Few know where down under is

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Donald Trump is uniquely unsuited to be president – @latimesopinion

Source: Donald Trump is uniquely unsuited to be president – LA Times.

Best single defence of charter schools ever

Source: Presidential Proclamation — National Charter Schools Week, 2015 | whitehouse.gov.

Donald Trump’s strongest supporters: A certain kind of Democrat

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Appeared before the Parliamentary committee on the #TPPA today

One of the cathartic things about leaving the public service is I do not have to be deferential to politicians anymore. I can treat them like ordinary people and tell them where to go when they annoy me. In consequence, I am not in any way nervous about appearing before a parliamentary committee.

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This Parliamentary committee was very unlike the last. Staying on after giving my submission was a pain rather than a learning experience.

A parade of conspiracy theories about the investor state dispute settlement process followed my testimony, which was first of the day. I left after about 45 minutes.

In my testimony, I got a standard question from David Clark, a Labour MP, about whether more time should be that given to make submissions because the complexities of the intellectual property chapter.

Kennedy Graham, the Green MP, then asked a bizarre question about how could New Zealand sign a trade agreement that would compromise environmental standards. His example was a trade agreement where it is agreed to start using coal as a power source again in New Zealand.

So weird with this question that I did not give the obvious answer which was this parade of horribles is so unlikely that it is not a serious question. What I did say was it is very unlikely New Zealand would ever sign such an agreement.

If a parade of horribles and weird hypotheticals is the best you can do, you do not have much of an argument against the TPPA.

How did Pinoy billionaires make their money?

Utopia, you are standing in it!

A surprisingly large number of Filipino billionaires are in the financial sector.

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

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Idle Resources Explained

Irish Liberty Forum

One of the main arguments that stimulus proponents have been making is that there are “idle resources” in the economy right now. Our productive capacity has not changed and our labour force has not lost its skills – yet these factors of production are laying idle. Thus, the government must “stimulate” these factors back into productive use. Any government spending cannot possibly “crowd out” private spending, as there is literally nothing to crowd out. Unfortunately, there is little explanation of why idle resources have piled up in the first place.

Here I will cite Peter Schiff, Tom Woods and Robert Murphy as to why resources are suddenly idle, why stimulating these resources is undesirable, and why targetting idle resources can’t possibly work.

 

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AEI reviews the Big Short

Source: Managerial Econ: AEI reviews the Big Short

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