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Daily Archive for April 4th, 2011

Fun Facts to Know and Tell: Insurance Markets Unraveling Edition

Posted in Regulation, Welfare State on Apr 4th, 2011

An 1919 Illinois Health Commission Report showed that 81.9% of wage earning families in the City of Chicago had at least one member with a life insurance policy. Even among the poorest residents, 73% purchased life insurance. Further 9 in 10 blacks held some life insurance, a share larger than ANY other native group, including […]

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What’ll It Be?

Posted in Behavior, You Can't Have it Both Ways on Apr 4th, 2011

In Bob Frank’s Luxury Fever, he makes the case for a progressive consumption tax on the grounds that we spend lots of our income on goods that do not make us intrinsically happier. These so called positional goods are things like fast cars, fancy barbecues, etc. whose source of value (he argues) comes from the […]

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