Homines libenter quod volunt credunt
Posted in Government Gone Wild, Personal Finance, Politics on Feb 28th, 2013
Lost in the stupid, yes stupid, handwringing about the sequester is a simple bit of personal perspective. No, this is not an analytic point, but it should nonetheless appeal to the folks who are fueled by narrative and emotion. Think of the following. Can you even tell me how much you spent, yourself or your […]
Posted in Politics, Standards of Living on Feb 28th, 2013
This is a true story. My income today is 9% lower (in pure nominal terms) than it was a full seven years ago in 2006. Furthermore, if you would compute my expected lifetime income path like our dear “leaders” in DC do, and you would have suggested that my income each year since 2006 “should” […]
Posted in You Can't Have it Both Ways on Feb 28th, 2013
“And since they’re from the earth, you know they’re good for the earth“ So are people. So is CO2. And CH4. And hot lava. And uranium? And what about organic oil? After all, those evil tar sands were not PUT there by Exxon (or were they?). They come from the earth. So let’s use ’em […]
Posted in Taxation on Feb 28th, 2013
Last I checked, there were roughly 4 million workers who “earned” the minimum wage in the US (or less). This is an overstatement in some aspects, since tips are not reported here, but just treat it as 4 million. Here’s a question: how much do we think these workers would have earned absent the minimum […]
