The economist costing the economic plan of a 74-year-old candidate forgot there is an ageing society in his labour force participation rate projections.
Source: Gerald Frieldman (2016).
@BernieSanders has the type of friends that make you prefer your enemies
22 Feb 2016 Leave a comment
in applied price theory, fiscal policy, labour economics, labour supply, macroeconomics, politics - USA Tags: 2016 presidential election, ageing society, cranks, demographic crisis, older workers, quackery, rational ignorance, rational irrationality
And people vote for @BernieSanders because he is honest
21 Feb 2016 Leave a comment
in fiscal policy, income redistribution, macroeconomics, politics - USA, Public Choice, public economics, rentseeking Tags: 2016 presidential election, cranks, quackery, rational ignorance, rational irrationality
@RusselNorman Why 1.3 billion people without access to electricity can’t afford to divest from fossil fuels
20 Feb 2016 Leave a comment
in applied welfare economics, economics, energy economics, environmental economics, global warming, growth disasters, growth miracles Tags: fossil fuel disinvestment, Fossil Fuels, rational irrationality
@BernieSanders @realDonaldTrump have the same trade policies
20 Feb 2016 Leave a comment
in international economics, politics - USA Tags: antiforeign bias, antimarket bias, left-wing populism 2016 presidential election, rational irrationality, right-wing populism
NZ state-owned enterprise dividends & cash injections since 2007 – updated
18 Feb 2016 Leave a comment
in economic history, industrial organisation, politics - New Zealand, public economics Tags: government ownership, KiwiRail, New Zealand Greens, New Zealand Labor Party, privatisation, rational irrationality, state owned enterprises
With a straight face, the Labour Party and the Greens claim that state-owned enterprises should not be sold because taxpayers give up the future dividend stream.
Source: New Zealand Treasury – data released under the Official Information Act.
Leaving to one side what the sale price is the net present value of, for as far back as I could obtain data from the Treasury, it is a rare year in which the taxpayers does not pour more money into state-owned enterprises than they get back in dividends.
Transpower is carrying the entire state-owned enterprise portfolio. Earlier on, Solid Energy – a now bankrupt coal mining company– was carrying the portfolio in terms of cash flow to the taxpayer.
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
@jacindaardern @ChrisHipkins why abolishing tuition fees entrenches inequality
14 Feb 2016 Leave a comment
in applied price theory, applied welfare economics, human capital, politics - New Zealand, poverty and inequality Tags: distributive justice, expressive politics, free tuition, rational irrationality, social justice, top 1%
@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
Explaining free trade to @realdonaldtrump @BernieSanders with the same biased, bought and paid for video
08 Feb 2016 Leave a comment
in applied welfare economics, international economics, politics - USA Tags: 2016 presidential election, free trade, left-wing popularism, rational ignorance, rational irrationality, right-wing popularism
@berniesanders How America’s middle class is disappearing
08 Feb 2016 Leave a comment
in applied welfare economics, economic history, labour economics, politics - USA, poverty and inequality Tags: living standards, rational ignorance, rational irrationality, withering away of proletariat
Both the proletariat and the middle class are withering away these days thanks to capitalism and freedom.
#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
Happy birthday – you’re fired! #livingwage and youth job losses
04 Feb 2016 Leave a comment
in labour economics, labour supply, minimum wage, unemployment Tags: living wage, rational irrationality, teenage unemployment, The fatal conceit
The Dutch minimum wage increases with every birthday until the age of 23. Not surprisingly, there is a surge in job losses and a recession in hiring around birthdays. What is even worse is employment opportunities are redistributed from a group with a high rate of unemployment, teenagers and young people, towards prime age adults who have a much lower rate of unemployment.
The six principles of natural medicine
03 Feb 2016 Leave a comment
in health economics Tags: antiscience left, quackery, Quacks, rational irrationality, that will medicine
Republicans and Democrats have different priorities which is why they are Republican or Democrat primary voters
02 Feb 2016 Leave a comment
in politics - USA, population economics, Public Choice Tags: 2016 presidential election, Democratic Party, rational irrationality, Republican Party, votor demographics
Utopia, you are standing in it! 
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