The enormous (and, as of 2016, strangely downplayed) costs of Socialism: pic.twitter.com/VSP9UE4Ziz
— Jan Zilinsky (@janzilinsky) April 4, 2016
The enormous costs of socialism in Eastern European @BernieSanders @jeremycorbyn @johnmcdonnellMP
09 Apr 2016 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, growth disasters, growth miracles, law and economics, Marxist economics Tags: 2016 presidential election, British politics, collapse of communism, economics of socialism, Leftover Left
The 1st @Paul Krugman (1994) on “Competitiveness: A Dangerous Obsession”
24 Mar 2016 Leave a comment
in international economics, politics - USA Tags: anti-foreign buyers, anti-market buyers, Leftover Left, Paul Krugman, public intellectuals, rational ignorance, rational irrationality, renegade Left
@AmyAdamsMP 3 strikes deters many crimes but with a twist @dbseymour @greencatherine
17 Mar 2016 Leave a comment
in applied price theory, economics of crime, law and economics Tags: career criminals, criminal deterrence, habitual criminals, Leftover Left, marginal deterrence, offsetting behaviour, primate punishment, unintended consequences
A card-carrying Leftist would not know what to do with this study by Radha Iyengar. In their life mission of excusing criminals, they could bait and switch. Quickly acknowledged the results of the study, a massive reduction in serious crime, then go on as fast as possible to the unintended consequences on marginal deterrence. 3rd strike offenders tend to commit more violent crimes because they have less to lose. That is basic applied price theory.
Source: Do three-strikes laws make criminals more violent?
Sadly, card-carrying leftists denied themselves this argument when arguing against 3 strikes when the laws before Parliament. You have to admit the deterrence works in order to argue that 3 strikes and you are out screws up marginal deterrence.
To be fair, the Left did not do that fully. The standard argument against life without parole is that these prisoners will have nothing to lose and will be difficult for the prison guards to manage. That is, life without parole screws up marginal deterrence even among hardened criminals.
This @amprog lead in picture and its 1st figure about minimal improvement in living standards in 30 years just does not gel somehow
05 Mar 2016 Leave a comment
in applied welfare economics, economic history, economics of media and culture, industrial organisation, politics - USA Tags: good old days, Leftover Left, pessimism bias, rational irrationality, smart phones, The Great Enrichment
Source: When I Was Your Age | Center for American Progress.
The claim by the Centre for American progress is that despite being more educated and working in a more productive economy, 30-year-olds today barely make more than 30-year-old Baby Boomers did in 1984.
Source: When I Was Your Age | Center for American Progress.
Nearly everything from RadioShack ad in 1991 is replaced by a smartphone. https://t.co/xGh6ZzW1Nx—
Vala Afshar (@ValaAfshar) December 19, 2015
The apps in your smartphone cost $900,000 thirty years ago —@datarade https://t.co/pjw7q4QGDp—
Vala Afshar (@ValaAfshar) October 29, 2015
@NZGreens MPs travel expenses in the 3 months to 31 December 2015 @dbseymour @JordNZ
28 Feb 2016 Leave a comment
in environmental economics, global warming, politics - New Zealand, transport economics Tags: Green Left, Left-wing hypocrisy, Leftover Left, New Zealand Greens, rational irrationality
Source: New Zealand Parliament – Members’ expense disclosure from 1 October to 31 December 2015.
Source: New Zealand Parliament – Members’ expense disclosure from 1 October to 31 December 2015.
Note from @paulkrugman to @BernieSanders @JeremyCorbyn and their supporters
23 Feb 2016 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, economics of media and culture, economics of regulation, labour economics, macroeconomics, Marxist economics, politics - USA Tags: 2016 presidential election, antiforeign bias, antimarket bias, British politics, Leftover Left, make-work bias, rational ignorance, rational irrationality, renegade Left, Twitter left
Why @NZGreens @GreenpeaceNZ are enemies of workers & poor
15 Feb 2016 Leave a comment
in applied welfare economics, economic growth, energy economics, environmental economics, environmentalism, labour economics, macroeconomics, politics - New Zealand Tags: expressive voting, Greenpeace, Leftover Left, New Zealand Greens, rational irrationality, Twitter left
@NewStatesman @WebbTrust prize-winning essay on inequality missed The Great Escape
13 Feb 2016 Leave a comment
in development economics, economic history, economics of media and culture, growth miracles Tags: capitalism and freedom, extreme poverty, global poverty, Leftover Left, rational irrationality, The Great Escape, The Great Fact, Twitter left
Source: How can growth reduce inequality?
When my father was born, 7 in 10 people lived in absolute poverty.
Today, it's 1 in 10! https://t.co/1Caqku3AY1—
Tim Fernholz (@TimFernholz) October 21, 2015
世界の所得分布、1988 → 2011年 ourworldindata.org/VisualHistoryO…
この間の世界の富裕分の殆どを中国で説明できそうだ。インドはあまり変わってない。 https://t.co/ygWYornmY8—
Spica (@Kelangdbn) October 19, 2015
#TPPANoWay @oxfamNZ @GreenpeaceUSA The Effects of Globalization
07 Feb 2016 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, growth disasters, growth miracles, international economics, Marxist economics Tags: customs unions, expressive voting, free trade, Leftover Left, ODA, preferential trading agreements, rational ignorance, rational irrationality, The Great Escape, The Great Fact, TPA, TPPA, Twitter left, Tyler Cowen
#Triggerwarning for fainting couch #feminists
07 Feb 2016 Leave a comment
in liberalism, TV shows Tags: feminism, Leftover Left, political correctness, renegade Left, safe spaces, Twitter left
https://twitter.com/Liberal_Lunacy/status/676834908170526720%20
https://twitter.com/tufc27/status/664117890191400960
https://twitter.com/ZombieNeith/status/664207120385089537
https://twitter.com/AntiFemComics/status/663375168543195136
https://twitter.com/Lauren_Southern/status/695283085038858240
@NewStatesman Q&A: Why the UN’s Julian Assange ruling is meaningless
06 Feb 2016 Leave a comment
in economics of crime, law and economics Tags: conspiracy theories, extradition, Leftover Left, renegade Left, Twitter left
@OwenJones84 @K_Niemietz GDP per capita has not more than doubled @chavezcandanga
05 Feb 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles, Marxist economics Tags: Argentina, Chile, China, left-wing populism, Leftover Left, Oil prices, The Great Fact, Twitter left, Venezuela
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
The 1st @NYTimeskrugman on #TPPANoWay @Oxfamnz #JaneKelsey
30 Jan 2016 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, growth disasters, growth miracles, international economics Tags: customs unions, free trade agreements, globalisation, Jane Kelsey, Leftover Left, Oxfam, Paul Krugman, preferential trading agreements, rational irrationality, TPP, Twitter left, Yes Minister
https://twitter.com/TPPMediaMarch/status/692055631579185152
If George Bush had not won the 2000 presidential election, Paul Krugman would have taken over as the best communicator of economics since Milton Friedman. Instead, he became patient number no.1 of George Bush derangement syndrome. Ann Coulter was patient no. 1 of Clintons derangement syndrome.
Source: Enemies of the WTO.
62 billionaires alert: extreme poverty could have fallen so much faster?
24 Jan 2016 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles Tags: entrepreneurial alertness, extreme poverty, global poverty, Leftover Left, ODA, overseas aid, rational irrationality, superstars, The Great Escape, The Great Fact
Utopia, you are standing in it! 
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