Celebrating humanity's flourishing through the spread of capitalism and the rule of law
19 Oct 2015 Leave a comment
in politics - USA Tags: 2016 presidential election, expressive voting, Leftover Left, rational ignorance, rational rationality, Twitter left
Hillary Clinton's drop in the polls is precipitous, but it may not be fatal. Here's why: bloom.bg/1L1ahTD http://t.co/WpCL0JT2Kj—
Bloomberg Politics (@bpolitics) October 18, 2015
What Upshot would have said if Joe Biden had decided to run. nyti.ms/1ZYvTbk https://t.co/Bd2VS4wb50—
The Upshot (@UpshotNYT) October 22, 2015
19 Oct 2015 Leave a comment
in politics - USA, transport economics Tags: electric cars, green rent seeking, Tesla
Tesla destroys the competition when it comes to how far its cars go on one charge buff.ly/1LphuLg http://t.co/UhIAECZIFp—
Business Insider (@businessinsider) October 17, 2015
19 Oct 2015 1 Comment
in discrimination, economics of education, gender, human capital, labour economics, occupational choice, politics - Australia, politics - New Zealand, politics - USA Tags: Australia, British economy, Canada, College premium, education premium, gender wage gap, Ireland, New Zealand, reversing gender gap
There are large differences in the education premium between English speaking countries and also by gender. The tertiary premium in New Zealand is pretty poor compared to the USA, UK or Ireland and is still mediocre when compared to Australia and Canada.
Source: Education at a Glance 2014.
18 Oct 2015 Leave a comment
in economic history, politics - USA, public economics
If a Martian landed on earth and was asked at Immigration Control to pick when Reagan and Thatcher were in office based on tax policies, our Martian applicant for a visitors’ visa would get it right for the UK. Taxes as a percentage of GDP increased from 31% to 37% under the 1970s Wilson and Callaghan administrations which led to the sick man of Europe. Under Thatchernomics, tax revenue as a percentage of British GDP fell from 37% to 31% by the time Mrs Thatcher had left office.
Data extracted on 18 Oct 2015 02:10 UTC (GMT) from OECD.Stat.
Taxes as percentage of GDP actually increased in the Reagan years so Martians will not be able to identify Reaganomics based on taxes as a percentage of GDP. The Democratic Party controlled at least the House of Representatives for the entire time of the Reagan administration so any tax agenda would have been tempered. There were large cuts in marginal tax rates funded by tax base expansion. That’s the traditional meaning of tax reform. There is no actual reduction in taxes as percentage of GDP. Marginal tax rates are funded by increases in tax base or increases in indirect taxes.
As for Tony Blair as a continuation of Thatchernomics, tax revenues as a percentage of GDP stopped increasing under his watch after increasing again under John Major.
18 Oct 2015 Leave a comment
in constitutional political economy, development economics, economics of bureaucracy, environmental economics, environmentalism, global warming, growth disasters, growth miracles, international economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: bootleggers and baptists, climate alarmism, expressive voting, free-riders, global warming, green tariffs, international public goods, Leftover Left, New Zealand Greens, Twitter left
It is time for the environmental movement to face up to the fact that there never will be an international treaty to restrain carbon emissions. The practical way to respond to global warming is healthier is wealthier, richer is safer. Faster economic growth creates more resources for resilience and adaptation to a changing environment.
NEW REPORT: The Futility and Farce of Global Climate Negotiations bit.ly/1LvFFv3 http://t.co/TwbFUwaPlm—
Manhattan Institute (@ManhattanInst) October 17, 2015
India's target compared to its recent history http://t.co/pIvwhoSTpL—
Richard Tol (@RichardTol) October 02, 2015
18 Oct 2015 Leave a comment
in applied price theory, applied welfare economics, entrepreneurship, human capital, labour economics, occupational choice, politics - USA, poverty and inequality Tags: Gini coefficient, rational irrationality, taxation and entrepreneurship, taxation and human capital, taxation and labour supply, taxation investment
17 Oct 2015 Leave a comment
in economic history, economics of regulation, politics - Australia, politics - New Zealand, politics - USA, rentseeking, urban economics Tags: green rentseeking, housing affordability, land supply, New Zealand Greens, New Zealand Labour Party, RMA
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Source and notes: International House Price Database – Dallas Fed June 2015; nominal housing prices for each country is deflated by the personal consumption deflator for that country.
New Zealand housing prices were pretty stable until the passage of the Resource Management Act in 1993. After that, prices took off New Zealand and didn’t slow that much for the recession subsequent to the Global Financial Crisis.
American prices just had a bubble because of loose monetary policy by the Fed and loose lending criteria by banks at the behest of regulators. Real housing prices in the USA started to rise again last year after a dramatic fall.
Australian prices were rising steadily until about 2000 but then took off with a strong economy and the usual restrictions on land supply by local governments at the behest of the existing homeowners.
17 Oct 2015 Leave a comment
in applied welfare economics, politics - USA
Billionaires: You cannot continue to get huge tax breaks while children all over this country go hungry. #BernieInMA http://t.co/wHOeYrRqgc—
Bernie Sanders (@BernieSanders) October 03, 2015
17 Oct 2015 1 Comment
in politics - USA, war and peace Tags: Afghanistan, Taleban, war on terror
https://twitter.com/ianbremmer/status/653888723034222592/photo/1
14 years after US invasion, the Taliban are back in control of large parts of Afghanistan. bit.ly/afghan-maps http://t.co/c2W7NQ46Yy—
NYT Graphics (@nytgraphics) October 16, 2015
17 Oct 2015 Leave a comment
in politics - USA, war and peace Tags: Afghanistan, war on terror
16 Oct 2015 Leave a comment
16 Oct 2015 Leave a comment
in applied welfare economics, economic history, politics - USA Tags: 2016 presidential election, expressive voting, gender wage gap, Leftover Left, middle class stagnation, reversing gender gap, top 1%, Twitter left, wage stagnation
The Typical Male U.S. Worker Earned Less in 2014 Than in 1973: blogs.wsj.com/washwire/2015/… http://t.co/PmTmmfsfbE—
Demos Action (@DemosAction) September 21, 2015
For the first time ever, women are more likely to have bachelor's degrees than men. vox.com/2015/10/13/951… http://t.co/ffK7iiU2Kq—
Demos (@Demos_Org) October 14, 2015
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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