Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

I had borrowed a lot of money from scratch after 2007. Greece borrowed a lot of money of its own accord from 2010. Italy always owed a lot of money. Spanish do not know all that much money considering their dire financial circumstances. Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 …

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The Australia Institute has been running the line that cutting the Australian company tax rate just means more tax revenue for offshore tax departments. They will tax the larger after-tax Australian dividends in the home country of the foreign investor if Australia were to cut its company tax rate. Source: David Richardson, Company tax cuts: …

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Despite supposedly having stingy welfare states, both New Zealand and Australia have a lot of sole parents who do not work at all. There is no separate breakdown of full-time and part-time work status in the USA. About 72% of sole parents in the USA either work full-time or part-time. Source: OECD Family Database.

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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.

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Figure 1 shows large contrasts in time path of equilibrium unemployment rates. For example, French and Italian equilibrium unemployment rates haven’t changed much since about 1986. Figure 1: equilibrium unemployment rates, France, Germany, Italy, Ireland and Spain, 1968 – 2016 Source: OECD Economic Outlook June 2015 via OECD StatExtract.. Figure 1 also shows some fortuitous …

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Since 1844, the Bank of Scotland, Clydesdale Bank and The Royal Bank of Scotland have been allowed to issue banknotes in denominations of £5, £10, £20, £50 and £100.  Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. Two Northern Irish banks have similar prerogatives. These Scottish banknotes are …

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Figure 1: Child poverty rates by family type, Anglo-Saxon countries, 2010 Source: OECD Family Database; Poverty thresholds are set at 50% of the median income of the entire population.

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Figure 1: child poverty rates in couple families by employment status, Anglo-Saxon countries, 2010 Source: OECD Family Database; Poverty thresholds are set at 50% of the median income of the entire population.

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Figure 1: Child poverty rate by employment status of single parent, Anglo-Saxon countries, 2010 Source: OECD Family Database; Poverty thresholds are set at 50% of the median income of the entire population.

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