How 9/11 Changed Skyscraper Design – Cheddar Explains
13 Sep 2021 Leave a comment
in defence economics, economic history, health economics, industrial organisation, war and peace Tags: war against terror
Nazi Rudolf Hess’s Mad Mission for Peace (Strange Stories of WWII)
12 Sep 2021 Leave a comment
in defence economics, laws of war, war and peace Tags: World War II
Finn Kydland at AIM, part 1/2
12 Sep 2021 Leave a comment
in budget deficits, business cycles, development economics, economic growth, economic history, fiscal policy, global financial crisis (GFC), great recession, inflation targeting, labour economics, labour supply, macroeconomics, monetary economics
The Plot to Assassinate Hitler (Operation Valkyrie, 1944)
12 Sep 2021 Leave a comment
in defence economics, laws of war, war and peace Tags: World War II
Business Cycles – Edward C. Prescott 2/15
11 Sep 2021 Leave a comment
in applied price theory, budget deficits, business cycles, development economics, economic growth, economic history, Edward Prescott, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, income redistribution, labour economics, labour supply, macroeconomics, monetary economics Tags: real business cycles
COP26: Climate minister criticised for international – and quarantine free – travel
11 Sep 2021 Leave a comment
Airport scene [image credit: Wikipedia] Here, there and everywhere by jet in pursuit of ‘net zero’ = not zero. What happened to the alleged climate emergency they claim we’re in? Farcical, and his US counterpart does the same.
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The president of the UK’s upcoming climate change conference is under fire for reportedly travelling to more than 30 countries in seven months, says BBC News.
The Daily Mail said seven of the places visited by Alok Sharma were also on the Covid red list – but he used an exemption available to ministers to not have to quarantine on his return.
The government said face-to-face meetings were “crucial” ahead of COP26.
But Wales’ First Minister Mark Drakeford called it “inexplicable”.
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COP26: Poorest countries fear not reaching UK for climate summit due to Covid rules
11 Sep 2021 Leave a comment
If the Queen, the Pope, or the US President – all classed as vulnerable due to their age – get Covid in Glasgow, climate won’t get a look-in.
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The world’s poorest countries say they are worried about getting to the COP26 climate summit in Glasgow in November, reports BBC News.
Twenty are on the UK’s Covid red list – meaning hotel quarantine for arrivals.
They say the fortnight-long talks may involve being away for seven weeks as they will also have to isolate on return.
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THE AFGHANISTAN PAPERS: A SECRET HISTORY OF THE WAR by Craig Whitlock
11 Sep 2021 Leave a comment
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(Former President Bush flashes a thumbs-up after declaring the end of major combat in Iraq aboard a U.S. aircraft carrier in 2003. He now says declaring mission accomplished was a mistake.)
In 1971 the Supreme Court ruled in a 6-3 decision, that the U.S. government had not met “the heavy burden of showing justification for the enforcement” of prior restraint. The Court ordered the immediate end of the injunctions against publication which led to the dissemination of the Pentagon Papers by the New York Times. ThePentagon Papers, officially titledReport of the Office of the Secretary of Defense Vietnam Task Force is a Defense Department history of the United States’ political and military involvement in Vietnamfrom 1945 to 1967. Though Washington Post national security reporter Craig Whitlock’s new book, THE AFGHANISTAN PAPERS: A SECRET HISTORY OF THE WAR does not rise to the level of the Pentagon Papers
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High Implicit Tax Rates Trap Poor People in the Quicksand of Government Dependency
11 Sep 2021 Leave a comment
The welfare state and the so-called war on poverty has been very bad news for taxpayers.
But it’s also very bad news for poor people, in part because various redistribution programs can lure them out of the productive economy and into total dependency on government (and this will become an even bigger problem if Biden’s per-child handouts are approved).
But it’s also bad news because redistribution programs can result in very high implicit tax rates for low-income people who try to improve their lives by climbing the economic ladder.
I shared an example back in 2012, which showed how a single mother in Pennsylvania would be worse off with $57,000 of income instead of $29,000.
In other words, she would be dealing with a de facto marginal tax rate of more than 100 percent.
If you want to understand how this happens, Professors Craig Richardson and Richard…
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