Richest queue in India (world perhaps) and cronyism at its best..
28 Jan 2015 Leave a comment
in growth disasters, growth miracles, politics - USA, Public Choice, rentseeking Tags: cronyism, India, President Obama, rent seeking
This picture is quite an interesting one. It shows India’s richest businessmen queuing to wait to meet US President Barack Obama patiently. It is ironical in many ways to see the rich and mighty queue like school children waiting for their score card or something. In many ways it is a score card of future where the chosen guys would either get to invest in US or be a partner of US money into India.
It clearly shows the power of politics. Those who keep talking of free markets and so on should see how politics dominates the game. At the end of the day, you have to get closer to the politique to see your empire grow.
But this is also an example of cronyism where business and politics get real close. Deals are signed amidst favorites and it is dubbed as competition. Most of cronyism happens behind the scenes and this is all…
View original post 55 more words
Postwar vs. New Gilded Age: How did the middle class do?
28 Jan 2015 Leave a comment
in applied welfare economics, economic growth, income redistribution, politics - USA, poverty and inequality Tags: middle class stagnation
The Public Has Lightened Up on Weed
27 Jan 2015 Leave a comment
Saving Civilization: 2009 vs 2015
27 Jan 2015 Leave a comment
in environmental economics, politics - Australia, politics - New Zealand, politics - USA Tags: activists, climate ala, climate alarmism, do gooders, expressive voting, green rent seeking, rational ignorance, rational irrationality
An absolutely excellent collection of climate alarmist statements by hacks whose jobs depended on fermenting confusion and moral panic
Five years ago, we were told that the 2009 Copenhagen climate summit was the last chance to save civilization. As the 2015 Paris summit approaches, the same sort of fear mongering is ramping up.
Earlier this week, a climate declaration published as a full-page ad in the international edition of New York Times tried to frighten us. It told us that:
the UN Climate Summit in Paris in December 2015 may be the last chance to agree a treaty capable of saving civilization; [bold added]
The declaration insisted that global warming may “cause the very fabric of civilization to crash.” It said charitable foundations should therefore divert resources away from other projects – presumably building hospitals and schools, preventing blindness and malaria, ensuring basic sanitation – in order to “save civilization” from the climate scourge.
Problem is, we’ve heard this before. Not so very long ago, the British Prime…
View original post 86 more words
Every 20 years we worry about losing jobs to technology
26 Jan 2015 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA, technological progress Tags: creative destruction, search and matching, technological unemployment
Every generation has its moral panic about technological change in creative destruction.
For young people, it’s that overweening conceit about the problems they are attempting to solve are new.
For the middle-aged and older, rather than suggest that they are policy hustlers, it’s more like you they simply forgot that these debates were had 20 years ago and the scaremongers lost the same reason they lost 20 years before that, and so on.
HT: https://twitter.com/JamesBessen/status/498435714322014208
Double standards on terrorism
26 Jan 2015 Leave a comment
in economics of crime, politics - Australia, politics - New Zealand, politics - USA, war and peace Tags: Gaza Strip, Hamas, Israel, Leftover Left, Osama bin Laden, war on terror
Evidence that the Left over Left are narrow-minded and personally nasty to people who disagree with them
26 Jan 2015 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA Tags: activists, expressive voting, Greens, Leftover Left, political psychology, progressive left
American public concern about global warming is recovering with the economy
26 Jan 2015 Leave a comment
in environmental economics, global warming, politics - USA Tags: climate alarmism, expressive voting
It was the Democrats and and independents who lost interest in global warning as the economy weakened.
Global warming is second bottom is a major political priority in the USA at this time
Has the USA moved to lower trend GDP growth path?
26 Jan 2015 Leave a comment
in business cycles, economic growth, great recession, macroeconomics, politics - USA Tags: great recession, Jagadeesh Gokhale, prosperity and depression
Proof at last, that the moon landing was real
26 Jan 2015 Leave a comment
in economics of bureaucracy, politics - USA, technological progress Tags: conspiracy theorists, immigration, moon landing
Charles Krauthammer on what conservatives and liberals think of each other
25 Jan 2015 Leave a comment
in liberalism, politics - Australia, politics - New Zealand, politics - USA Tags: Charles Krauthammer, expressive voting, Leftover Left, media bias, rational ignorance, rational irrationality
Utopia, you are standing in it! 
Recent Comments