The Righteous Mind: Why Good People are Divided by Politics and Religion: Jon Haidt: Top Ten Conflict Tips
29 Sep 2016 Leave a comment
in economics
Long ago and far away, my then girlfriend very conservative Sally said one day to a very radical me: ‘You know there are just as many assholes on my side in politics as on yours. And she named some examples on our politically divided, unruly university campus. And just as many good people, like you, on your side as on mine and she named them.’ I have never lost sight of that insight.
Moreover, a few years back, Sally, who is still a good friend, was being sounded out to be a British Conservative MP, and asked if I would be her agent. I said: ‘One small problem, I am not a Conservative’. ‘That’s exactly why I want you as my agent, and you have strong morals that are far more important to me for that role.‘ She wisely in my view decided to stay…
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Graduate numbers quadruple! Zero economic growth premium?
29 Sep 2016 Leave a comment
in economic growth, economic history, economics of education, human capital, labour economics, macroeconomics Tags: education premium, endogenous growth theory, graduate premium
Some people get quite excited about the growth benefits and externalities from investing in more human capital such as more young people going to university. In New Zealand, the number of graduates quadrupled over the last 30 years but the trend GDP growth rate is unchanged. Please explain?
Source: Educational attainment of the adult population: The Social Report 2016 – Te pūrongo oranga tangata.
The Failure of Central Planning (Don Lavoie)
29 Sep 2016 Leave a comment
in Austrian economics, Marxist economics Tags: Karl Marx
Another Statewide Blackout: South Australia’s Wind Power Disaster Continues
29 Sep 2016 Leave a comment
Thanks to its ludicrous attempt to run on sunshine and breezes, South Australia has just experienced yet another Statewide blackout. SA’s vapid Premier, Jay Weatherill and what passes for media in this Country ran straight to the periphery, blaming everything except the bleeding obvious (see this piece of infantile doodling from wind cult central – the ABC).
SA’s operatives tell us the blackout occurred during a blustery spring storm (heavy rain, lightning and surging, gusty wind). The power supply went down across the entire State at precisely the same time (a little after 3:30pm). It took more than 5 hours to restore power to a few parts of the State, and many regions remained powerless for much longer than that.
True it was that lines were damaged in the mid-North around Port Augusta, but that doesn’t explain why the whole State’s supply went down. Grids are designed with with a level…
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The “natural” label on your food is baloney
29 Sep 2016 Leave a comment
in economics of information, health economics Tags: consumer fraud
Hate Crimes Are Thought Crimes (Nat Hentoff)
29 Sep 2016 Leave a comment
in economics, liberalism Tags: free speech, political correctness
Utopia, you are standing in it! 
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