Feed on
Posts
Comments

Daily Archive for February 17th, 2009

Below is a chart that shows how family income has grown over time for families at different levels of initial income. For the sake of this post, let’s ignore measurement issues and whether or not these data accurately capture what is happening to the income of a particular person over time. What you see below […]

Read Full Post »

Apparently, somewhere between 20 and 22. In 1987, Ronald Reagan famously called for President Gorbachev to “tear down this wall.” When it finally happened in 1989, Westerners were treated to the sites of some of the major achievements of the industrial policies of the Politburu. This is my favorite example. The Trabant was the car […]

Read Full Post »