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Category Archive for 'Economic Illiteracy'

All of these accept the premise that future damages from anthropogenic warming will be serious, i find this to be a useful discussion strategy: Climate change will cause massive heat and drought and leave people in need of food. OK, compare then, the most effective and optimistic scenarios for reducing CO2 emissions and preventing warming […]

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Of course, I will not share my thoughts at Thanksgiving … but here goes (start at 1:14 if you don’t like stories. One reason I love folk music is the stories): Please do NOT interpret this to suggest that I think this is an open and shut issue, or that there are not legitimate questions […]

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Take each though below to its most positive and its most negative possible outcome. I want health care for all. Therefore, the county government of Monroe County, NY is going to train, educate, license, etc. all doctors, nurses, cleaning staff, etc. The county government of Monroe County, NY is going to arrange all of the rules […]

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If this is a particular hobby horse of yours, that companies produce shorter-lived and shoddier products than they “could” … explain housing, and the modern car. Explain oil rigs. Explain school buildings. Explain professional photographs. Explain Advil. In the intellectual climate we seem to be operating in, the most likely answer to these I would […]

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The effective altruism movement seems to be taking off. It is not at all hard to understand the appeal. Many of us (not me of course, I don’t care) struggle every day with the notion of trying to live a good life and as part of that life we want to have a positive impact […]

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What was the (net) profit margin for Walmart in the most recent quarter for which I can fund data? In other words, for every $100 of goods that Walmart sells, how much profit do they “take home?” My bet is that if you asked a typical person they would think the number would be very […]

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I’d  like my readers and students to briefly examine the economic literature to determine what the “consensus” is on these two questions. What is the economic incidence of the payroll tax and other “benefits” that are mandated to be paid by employers to employees? For example, the total payroll tax amount imposed by the government is 15.3%, […]

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Not a surprising source: it (local food) requires less vehicle emissions to be transported from the farm to the consumer compared to food transported from other states and countries. Note that I write this as I just finished a massive Blueberry picking saturnalia at Green Acres. Tomorrow we are heading out to Singer Farms for a […]

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I’d simply like to see some consistency on when corporations are deemed to be greedy and when they are not. In today’s WaPo: Evidence that banks still deny black borrowers just as they did 50 years ago Well, I have no doubt that banks deny black borrowers. But the article title is to put it mildly, […]

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An incident that took place just forty miles west of Chicago provoked the Tribune’s editors to indulge in an orgy of coverage that in its frequency, its prominence, and its amplitude suggested that Armageddon was at hand. In the town of Aurora, local officers handed the Tribune (and the dozens of papers nationwide that glommed on the episode) a […]

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