#MiltonFriedman v. @berniesanders
05 Jun 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, labour economics, macroeconomics, Milton Friedman, minimum wage, occupational choice, politics - USA, Public Choice, public economics Tags: 2016 presidential election, Leftover Left
Workers’ Compensation: Growing Along with Productivity
04 Jun 2016 Leave a comment
in applied welfare economics, economic history, politics - USA Tags: living standards, measurement error, middle class stagnation, wage stagnation
How did the State Department’s secure email server communicate with @HillaryClinton’s?
02 Jun 2016 Leave a comment
in managerial economics, organisational economics, politics - USA Tags: 2016 presidential election, email privacy, information security, Internet privacy, privacy
My only experience with secure email networks is pretty pesky filters stopping you from sending confidential material outside the network. The emails bounced.
![secure-email-links[1]](https://utopiayouarestandinginit.com/wp-content/uploads/2016/06/secure-email-links1.jpg "secure-email-links[1]")
I do not understand how a secure email server could communicate with one that is not such as Hillary Clinton’s private email server thin the secure network without a special dispensation.
With hundreds of thousands use secure email servers in the US government, the network administrator would have to have filters that bounce emails with keywords and classifications.
More sensible agencies that handle classified materials do not allowstaff to take work home. If they do, it must be on a secure laptop with no capacity to print or download.
Remember this every time the Left says the government invented the Internet
30 May 2016 Leave a comment
in comparative institutional analysis, economic history, economics of bureaucracy, entrepreneurship, industrial organisation, politics - USA, Public Choice, survivor principle Tags: entrepreneurial alertness, industry policy, Internet, picking roses, picking winners
Gap in GDP per Australian, Canadian, French, German, Japanese, New Zealander and British hour worked with the USA
28 May 2016 Leave a comment
in economic growth, economic history, labour economics, labour supply, macroeconomics, politics - Australia, politics - New Zealand, politics - USA, public economics Tags: Australia, British economy, Canada, Eurosclerosis, France, Germany, Japan, labour productivity, measurement error, taxation and labour supply
This data tells more of a story than I expected. Firstly, New Zealand has not been catching up with the USA. Japan stopped catching up with the USA in 1990. Canada has been drifting away from the USA for a good 30 years now in labour productivity.
Data extracted on 28 May 2016 05:15 UTC (GMT) from OECD.Stat from OECD Compendium of Productivity Indicators 2016 – en – OECD.
Australia has not been catching up with the USA much at all since 1970. It has maintained a pretty consistent gap with New Zealand despite all the talk of a resource boom in the Australia; you cannot spot it in this date are here.
Germany and France caught up pretty much with the USA by 1990. Oddly, Eurosclerosis applied from then on terms of growth in income per capita.
European labour productivity data is hard to assess because their high taxes lead to a smaller services sector where the services can be do-it-yourself. This pumps up European labour productivity because of smaller sectors with low productivity growth.
@PikettyLeMonde pension fund socialism has finished taking over #capitalism #Piketty
28 May 2016 Leave a comment
in economic history, financial economics, politics - USA, public economics Tags: company tax, Leftover Left, pension fund socialism, Peter Drucker, tax havens, taxation and entrepreneurship, taxation and investment, Twitter left
Peter Drucker first pointed out in the 70s that the retirement savings of ordinary workers will end up opening the majority of public listed companies. That day has come much to the disappointment of the Leftover Left ranging from Thomas Piketty to Max Rashbrooke.
Source: CONVERSABLE ECONOMIST: US Corporate Stock: The Transition in Who Owns It.
Any call for higher taxes on investment incomes and capital and even tax havens is an attack on the retirement savings of ordinary workers.
“GMO’s are Dangerous!” – Not
28 May 2016 Leave a comment
in economics of regulation, environmental economics, health economics, politics - New Zealand, politics - USA Tags: Anti-Science left, GMOs
#NeverTrump but why no #neverBernie, only #feelthebern?
28 May 2016 Leave a comment
in constitutional political economy, politics - USA Tags: 2016 presidential election, Leftover Left, reactionary left, taxation and entrepreneurship, taxation and investment, taxation and labour supply, Twitter left
Why have no Democrats formed the equivalent of #NeverTrump?
Bernie Sanders is not even a member of their party. Have they no principles?
Many of their republican opponents do in rejecting Trump and planning to vote for either Clinton or Gary Johnson.
Sanders is an old socialist throwback whose economic policies would plunge the American economy into a deep recession harming most of all those that Democrats claim to represent.
Sander’s mind is just as inflexible as that of Trump as is his unwillingness to learn from events.
Fight Labor. Fight the Greens. Fight Liberal betrayal
25 May 2016 Leave a comment
in economics, politics - USA Tags: 2016 Australian election
The decline and decline of the rentier class in the USA
24 May 2016 Leave a comment
in economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
Looks like the Reagan Revolution coincided with the American rich going out to work for a living. They started earning most of their incomes from wages, salaries and pensions or from entrepreneurial income. The American rich are now working rich; top wage earners, not top income earners.
Source: The World Wealth and Income Database.
#FightFor15 why not double everybody’s wage if it works for the minimum wage?
21 May 2016 Leave a comment
in applied price theory, labour economics, minimum wage, politics - USA, unemployment Tags: expressive loading, rational irrationality
Source: Poll Results | IGM Forum.
The two-handed economist lives on in the $15 Minimum Wage debate at the IMG forum
21 May 2016 Leave a comment
in labour economics, minimum wage, politics - USA, unemployment Tags: academic bias, expressive voting, rational irrationality
Source: Poll Results | IGM Forum.
Hillary Clinton lying for 13 minutes straight
20 May 2016 Leave a comment
in economics of information, economics of media and culture, politics - USA Tags: 2016 presidential election
Utopia, you are standing in it! 
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