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The Crisis of American Foreign Policy | Murray N. Rothbard

Are Poor Americans Really as Rich as Average Canadians?

Jeremy Horpedahl's avatarEconomist Writing Every Day

Have you seen this chart? I certainly have. It floats around on social media a lot. The chart seems to indicate that poor Americans are better off than the average person in most other rich countries. Roughly equal to Canada and France, and better off than Denmark or New Zealand.

When I’ve asked for sources in the past, people usually aren’t sure. They remember downloading it from somewhere, but they can’t recall where.

But I think I found the source: it’s this article from JustFacts. After seeing how they calculated it, I’m skeptical that it provides a good comparison of poor Americans to other countries.

Here’s what the chart does. For most countries, it uses a World Bank measure of consumption per capita. They then convert that to US dollars using PPP adjustments. For the poor in the US, they use a consumption estimate for the bottom 20%…

View original post 573 more words

Average US Consumption: 1990 Vs 2021

Zachary Bartsch's avatarEconomist Writing Every Day

On Twitter, folks have been supporting and piling on to a guy whose bottom line was that we are able to afford much less now than we could in 1990 (I won’t link to it because he’s not a public figure). The piling on has been by economist-like people and the support has been from… others?

Regardless, the claim can be analyzed in a variety of ways. I’m more intimate with the macro statistics, so here’s one of many valid stabs at addressing the claim. I’ll be using aggregates and averages from the BEA consumer spending accounts.


View original post 735 more words

UK will be scrambling for gas when the wind doesn’t blow, warns expert

oldbrew's avatarTallbloke's Talkshop

LNG vessels [image credit: offshoreenergytoday.com]
Who knew? Just as night follows day, replacing on-demand power generation with intermittent sources can and does cause reliability and other issues of varying severity. Preferring imported gas to domestic sources was another avoidable mistake, leading to far more of the supposedly fearsome CO2 emissions than necessary. The climate excuse is wearing thin.
– – –
The UK will be scrambling for highly expensive gas imports to meet its energy needs this winter to stave off blackouts whenever the wind doesn’t blow, warned a leading energy expert.

Ole Hansen, head of commodity strategy at Saxo Bank, told City A.M. that the intermittent performance of domestic renewable power is proving costly for the West.

He argued the country lacks a reliable alternative base-load of power aside from highly expensive natural gas.

View original post 328 more words

College Major, Marriage, and Children Update

James Bailey's avatarEconomist Writing Every Day

In a May post I described a paper my student my student had written on how college majors predict the likelihood of being married and having children later in life.

Since then I joined the paper as a coauthor and rewrote it to send to academic journals. I’m now revising it to resubmit to a journal after referee comments. The best referee suggestion was to move our huge tables to an appendix and replace them with figures. I just figured out how to do this in Stata using coefplot, and wanted to share some of the results:

Points represent marginal effects of coefficient estimates from Logit regressions estimating the effect of college major on marriage rates relative to non-college-graduates. All regressions control for sex, race, ethnicity, age, and state of residence. MarriedControls additionally controls for personal income, family income, employment status, and number of children. Married (blue points) includes…

View original post 157 more words

Image

Climate Change does not cause bushfires | Dr. Bjorn Lomborg

The next time you hear “Food Miles”

Tom Hunter's avatarNo Minister

It will likely be coming out of the mouth of an environmental activist.

Although it could also be coming from a European Union official looking for yet another angle via which tariffs and other restrictions can be placed on imported food from far-flung places like New Zealand, Australia and Asia.

You response should be as follows from this article, Eating local is still not a good way to reduce the carbon footprint of your diet:

Transport isjust 5%of food emissions.2Here we’re talking about emissions from ‘food miles’

The reason this number is so low is because most food that is transported internationally comes by boat. And, shipping isvery carbon-efficient. Per kilometre,it emits10 to 20 times less than trucks on the road. And around 50 times less than flying

Surprisingly,more than 80%of the CO₂ from food transport is produced…

View original post 318 more words

Why did the USSR hand over West Berlin?

Mama cat Maine Coon calls to her kittens, purrs and purrs

Supertramp The Logical Song

15 Ways Maine Coons Act Like Dogs

Were They A Usurper? Henry IV of England. Conclusion

liamfoley63's avatarEuropean Royal History

One of the initial problems King Henry IV had to face after his usurpation of the throne from King Richard II was to manufacture the illusion that his coming to the throne was lawful and legitimate.

Adam of Usk was a medieval canonist, clergyman and historian of Welsh origin who used pro-Lancastrian propaganda with bias against Richard II to justify why the throne was empty in order to promote Henry as a legitimate ruler. Usk also used the elements of Biblical prophecy and rumour to further that legitimation.

Parliament was still in its early stages of development and this body was not seen as a means to legitimize Henry’s reign. After 1399 there is no clear sign that Henry IV thought that he owed his position to a Parliament that had cooperated in the downfall of King Richard II.

King Henry IV of England and Lord of Ireland

In…

View original post 600 more words

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