That’s the conclusion of Stuart W. Elliott in his recent paper, “Anticipating a Luddite Revival.” (Hat tip: RobotEconomics.) We’ve seen that scale of transformation before. But this one promises to be roughly four times as fast, dwarfing Luddite-era concerns: …the portion of the workforce employed in agriculture shifted from roughly 80% to just a few […]
I’m encouraged any time government functions. We’re a very philanthropic society. We always want people to have safety nets. Medicaid is meant to be a temporary measure to provide benefits for people who are in difficult circumstances. It’s not meant to be going on forever. — Scott Brown, when Politico reporter Kyle Cheney asked him […]
Update appended. 5/17 at 1:37 p.m. —- I’ve written several times in the last three-plus years about a Supreme Court case called Bond v. U.S. Actually, to be precise, Bond v. U.S. is two Supreme Court cases, although it’s only one lower-court case. This is not unusual, but the case itself is; both the facts and the […]
The problem we have in this country is not income inequality. It’s opportunity inequality. — Chris Christie, today And since there’s no causal relationship whatsoever between income inequality and opportunity inequality, this is sure to be a winning political message in 2016. Christie made the comment “at a ‘fiscal summit’ hosted by the Peter G. Peterson Foundation, which […]
It is a familiar phrase on college campuses, often meant to serve as conversational kryptonite, the final word in an argument to which there is no response. “Check your privilege.” But Tal Fortgang, a Princeton freshman from Westchester County, had a response. – At Princeton, Privilege Is: (a) Commonplace, (b) Misunderstood or (c) Frowned Upon, […]
Bill Gardner at The Incidental Economist offers a rather decorous, mild reply to the people making [the argument that guaranteed health insurance is an assault on America’s freedom]. I’d put it more forcefully: the pre-ACA system drastically restricted many people’s freedom, because given the extreme dysfunctionality of the individual insurance market, they didn’t dare leave […]
From an interview of North Carolina Republican Senate Candidate Thom Tillis by NBC’s Chuck Todd today: Todd: Do you think [the minimum wage] should be raised in North Carolina? Tillis: I think that’s a decision that the legislature needs to make with businesses. Todd: Well, you’re the speaker. Would you make that decision? Tillis: Right now what […]
David Zetland at Aguanomics writes a note on California’s drought and policies on water use and distribution…price is key. Dealing with drought — three ways to fail BB sent this summary of UC Davis’s “Living with Drought” conference (I got my PhD there), and this bit got my attention: Everyone seemed to agree that solutions […]
Angry Bear has carried posts on this issue over the years. 1. 2008 and draining the 401k pool of money, 2. Draining 401ks, 3. 401k and Social Security, 4.. Kenneth Thomas and retirements money (Links), 5. A 1000/mo pension equals 300,000 in savings among others. Yves Smith at Naked Capitalism makes an impassioned statement. (Re-posted with permission) Americans Raid 401(k)s, Replacing […]
Diane Ravitch in the NYT comments on the politician use of statistics to promote an educational policy and program. Of course there are several private figures promoting charter schools and pilot programs as well, and a well funded lobby for such. I usually start with assuming it is a pitch…but not all records are public […]