Relevant and even prescient commentary on news, politics and the economy.

Sadistic Gods

I was re-reading random parts of Pinker’s The Better Angels of Our Nature and came across this: In an insightful book on the history of force, the political scientist James Payne suggests that ancient peoples put a low value on other people’s lives because pain and death were so common in their own. This set […]

A Bleg

Good evening.  Or a fine morning to you, whatever the case may be.   I am working on a project in my spare time.  Some of the data I am collecting might make for good blog posts. Anyway, there are a few things whose trajectory I’d like to measure historically.  I have come up ideas […]

A Non-Distortionary Tax

Dead people aren’t allowed to drive.  They aren’t allowed to vote.  They aren’t allowed to testify in court, acquire weaponry, check out books from the library or acquire a pilot’s license.  This makes sense.  After all, dead people don’t have a functioning brain.  As a result, we wouldn’t want them driving or voting or wandering […]

Trumponomics

Trump’s America First economic strategy looks a lot like the import substitution economic development strategy that was so popular several decades ago—notably in Latin America and South Asia..  But it only had limited success, especially compared to the export led growth strategy followed in East Asia.  Import substitution tended to produce fragmented, inefficient and low […]

Meanwhile this is still going on during the week….

From Diane Ravitch’s blog: While we’re consumed 24/7 with the Trump/Russia psychodrama, Republicans are quietly, under the cover of darkness and diversion, introducing these new bills in the House: HR 610 Vouchers for Public Education — (The bill also repeals basic nutrition standards for the national school lunch and breakfast programs) HR 899 Terminate the […]