Behind on my blogging from a @Facebook group suspended for hate speech. Bicycles pass me like this every day.

A portfolio selected by four 8-year olds can outperform hedge funds managers

Nearly all economists reject monopsony rationale for doubling the minimum wage! @NeumarkDN: countering employer market power over 1/3rd of the workforce with a higher minimum wage is supposed to increase employment and output. Monopsony depresses wages and employment.

From http://www.igmchicago.org/surveys/15-minimum-wage

There is always one top economist who forgets what happened in the last 50 years in macroeconomics

From http://www.igmchicago.org/surveys/central-banks-and-productivity

Weekend long read

BBC Watch

1) Writing at the New York Times, Matti Friedman explains why “There Is No ‘Israeli-Palestinian Conflict’”.

“There isn’t an Israeli-Palestinian conflict in the way that many outsiders seem to think, and this perception gap is worth spelling out. It has nothing to do with being right-wing or left-wing in the American sense. To borrow a term from the world of photography, the problem is one of zoom. Simply put, outsiders are zoomed in, and people here in Israel are zoomed out. Understanding this will make events here easier to grasp.

In the Israeli view, no peacemaker can bring the two sides together because there aren’t just two sides. There are many, many sides. […]

If you see only an “Israeli-Palestinian” conflict, then nothing that Israelis do makes sense. (That’s why Israel’s enemies prefer this framing.) In this tightly cropped frame, Israelis are stronger, more prosperous and more numerous…

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California Renewables to Lose PG&E $$$

Science Matters

The investigation continues into the origin of the Camp fire, which some say started with a faulty PG&E wire in Pulga, California. (Carolyn Cole / Los Angeles Times / TNS)

Sammy Roth of LA Times digs deeper than others into the fallout from PG&E’s wildfire-induced bankrupcy. The article published in The Seattle Times is PG&E bankruptcy could undermine utilities’ efforts against climate change. Excerpts below with my bolds.

Solar and wind developers depend on creditworthy utilities to buy electricity from their projects under long-term contracts, but that calculus changes in a world where a 30-year purchase agreement doesn’t guarantee 30 years of payments.

The Golden State has dramatically reduced planet-warming emissions from the electricity sector, largely by requiring utilities to increase their use of solar and wind power and fund energy-efficiency upgrades for homes and businesses. Lawmakers recently set a target of 100 percent climate-friendly electricity by 2045.

But those…

View original post 1,488 more words

Islam and the Future of Tolerance (2018) | Official Trailer (HD)

How the populists came to power

Rather good: The left, once legitimately concerned with the conditions of the poor, ignored that the best solution for poverty is the free market. Instead, they decided they would crush the common people they swore to protect, calling them homophobic, misogynists and so on. Common people answered by voting for whoever was on the other side of the political spectrum.

Notes On Liberty

Jair Bolsonaro was elected president in Brazil. Donald Trump in the US. In other countries, similar politicians are gaining popular support. Some are calling these politicians “populists”. I don’t really know what they mean by this term. The populists that I know better are Getúlio Vargas, Brazil’s president for almost 20 years in the mid-20th century and Juan Peron, a leading political figure in Argentina in the same time period. What they had in common? Both fought the communist influence in Latin America, favored the labor movement and were anti-liberal. They were also extremely personalist, leading to something that could be understood as a cult of personality. I completely fail to see important similarities between Trump and Bolsonaro on the one hand and Vargas and Peron on the other. But I can see some similarities between Trump and Bolsonaro. The latter two both came to power against what the left…

View original post 456 more words

Further evidence of the superiority of Western values: white male theory of history edition

But environmentalists don’t care if their policy works

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