The meme is ubiquitous, and widely documented: Rich people work longer hours. Obvious implication: they deserve what they get, right? Ditto the poor. Bunk. Why? All the research supporting that meme looks at workers, not families. It completely ignores students, the retired, and anyone else who isn’t working. Alert the media: workers work more than non-workers. And, news flash: rich families […]
I know for a fact that the alleged facts stated in this New York Times editorial today are false. Or at least that, contrary to the editorial’s claim, those facts, if true, no longer have any impact on black Americans’ financial status and educational opportunities. None whatsoever. I know this because I read John Roberts’ and Anthony […]
A recent Kaiser Poll shows favorable results for the PPACA the first time since 2012. 43% have a favorable view of the PPACA and 42% have an unfavorable view of it. While the report shows a favorable view, it is within the margin of error (+ or – 3%) and not statistically significant (Click on […]
NEVER. FORGET.
I have been following the British Parliamentary elections all night and final numbers are not in. But we have the outgoing government with the following numbers: Conservative 302 and partners Liberal Democrats 56 plus maybe NI Democratic Unionists 8. In a system where you mostly need 326 for a majority. Now we are coming up […]
There have been a number of ad-hoc limits proposed to Free Speech Absolutism in the past. For example “You can’t yell ‘Fire’ in a crowded theater” or “Your free speech rights end where your waving arms and fists intersect my nose” and those get us into the right arena. But I want to propose a […]
by Joseph Joyce The Shifting Consensus on Capital Controls: Gallagher’s “Ruling Capital” Among the many consequences of the global financial crisis of 2007-09 was a shift in the IMF’s stance on capital controls. The IMF, which once urged developing economies to emulate the advanced economies in deregulating the capital account, now acknowledges the need to […]
Picture (literally) this: The Wailing Wall seen from a distance that would represent base to height. With as normal observant Jews at that base praying and inserting prayers into cracks in the wall. At the height a depiction of the Prophet mounted on his horse immediately prior to his Ascent to Heaven (traditionally from the […]
The unemployment rate is officially at 5.5% in the US. But is that rate true? Maybe the rate should actually be higher when one considers the low labor participation rate and the long-term unemployed. Civilian Labor Force The civilian labor force has not risen much since the crisis. (link) Do we conclude therefore that there […]