The per capita GDP for the combined 27 countries of the European Union (EU-27) is about 72% of the US level. On the other side, the average worker in EU countries puts in far fewer hours on the job than do American workers. For example, OECD data says that the average US worker put in…
From the latest American Economic Review: A large body of evidence finds that relative mobility in the US has declined over the past 150 years. However, long-run mobility estimates are usually based on White samples and therefore do not account for the limited opportunities available for nonwhite families. Moreover, historical data measure the father’s status […]
Caado la gooyaa car alle ayey leedahay (‘The abandonment of tradition calls forth the wrath of Allah’, Somali proverb, quoted in The World’s Most Dangerous Place, page 398) James Fergusson worked on this book with help from a grant from the Airey Neave Trust, a charity whose objective is to promote research ‘designed to make […]
Yes, I do still favor it, but here is part of the problem, as I explain in my latest Bloomberg column: The simplest way for Argentina to dollarize would be to inflate the peso even more. For purposes of argument, imagine a peso inflation rate of one billion percent a year. Pesos would be worthless, […]
Milton Friedman: The Last Conservative by Jennifer Burns 592 pages Farrar, Straus and Giroux Published: Nov 2023 Released two weeks ago, Jennifer Burns’s “Milton Friedman: The Last Conservative” is the most significant biography of Friedman ever published. Burns is an associate professor of history at Stanford and a research fellow at the Hoover Institution. She […]
1 News reports: Christopher Luxon says he was told by some Kiwis on the campaign trail they “didn’t know” the difference between Waka Kotahi, Te Pūkenga and Te Whatu Ora. Speaking to Breakfast, the incoming prime minister said having English first on government agencies will “make sure” people “understand” what agencies are and what they…
TV3 political editor Jenna Lynch was among the corps of political reporters who bridled, when Deputy Prime Minister Winston Peters told them what he thinks of them (which is not much). She was unabashed about letting her audience know she had bridled. More usefully, she drew attention to something which rankles the combative Peters. It’s […]
Ponzi schemes last only as long as their creators can draw in fresh suckers. The wind and solar industries are fast running out of suckers. America’s Enron set the standards early, parading manufactured financial statements that never reflected the fact that Enron was a worthless house of cards. Gullible investors kept piling in, which helped […]
By Paul Homewood h/t Willie Soon. Maybe the vast majority of sensible students will finally wake up to the idiot fringe, who are making them all look idiots. I would suggest a Bacon Sandwichathon, where they all bring bacon sandwiches into the canteen, and eat them in front of the sad little […]
Well, a paper criticizing the “woke” aspects of science has finally appeared in a peer-reviewed scientific journal, though peer-reviewed critiques of scientific censorship or ideological pressure have appeared in the Journal of Controversial Ideas (a push for judging science on merit rather than ideology), and in the Skeptical Inquirer (an explication of how evolutionary biology […]
Why climate-finance ‘flows’ are falling short of $100bn pledge is an informative article from CarbonBrief. Excerpts below in italics followed by a comment from Bjorn Lomborg. One of the biggest and most contentious issues in climate politics is the provision of money to help poorer countries cut emissions and protect themselves from climate impacts. In […]
Last year the University of Chicago established a new department, The Department of Race, Diaspora, and Indigeneity (RDI). The vote for this department by the Council of the University Senate was overwhelmingly positive. This is the mission statement on its homepage: Now the first thing you notice is that this statement is laden with the…
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
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