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Michelle Malkin | My trip to the pot shop
04 Jan 2015 Leave a comment
in applied welfare economics, economics of regulation, entrepreneurship, health economics, liberalism Tags: decriminalisation of marijuana, drug decriminalisation, medical marijuana
Mises on sustainable development and conservation
23 Dec 2014 Leave a comment
in applied welfare economics, energy economics, resource economics Tags: do gooders, intergenerational justice, Ludwig von Mises, resource economics, sustainable development

The Great Enrichment: Most gripes about income growth are driven by measurement error
23 Dec 2014 1 Comment
In these more prudish times, anti-prohibitionists cannot be this blunt about personal liberty
22 Dec 2014 Leave a comment
Henry Hazlett on the fiscal stimulus and other manifestations of the broken window fallacy
19 Dec 2014 1 Comment
in applied welfare economics, fiscal policy, macroeconomics Tags: broken window fallacy, fiscal stimulus, Henry Hazlett

The rise of the working rich among the top 0.1% in the USA
19 Dec 2014 Leave a comment
in applied welfare economics, economic history, entrepreneurship, politics - USA, poverty and inequality
Source: “Income Inequality in the United States, 1913-1998” with Thomas Piketty, Quarterly Journal of Economics, 118(1), 2003, 1-39
(Tables and Figures Updated to 2012 in Excel format, September 2013) via Chad Jones
Before 1940, most of the income of the top 0.1% of income earners in the USA was income from investments.
By the end of the 20th century, the top 0.1% were earning their incomes as wages and salaries, business incomes and capital gains. Very little of that income of the top 0.1% was in the form of passive income from capital. The top 0.1% of the USA are now working rich – entrepreneurs.








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