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Category Archive for 'Flotsam and Jetsam'

It’s Simply Not Possible

To feel anger when looking at this: It’s an Adelie Penguin from Antarctica.

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This result was surprising, sure to get lots of news coverage: It shows that despite a rise in measured capital-labor ratios, labor-augmenting technical change in the US has been sufficiently rapid that effective capital-labor ratios have actually fallen in the sectors and industries that account for the largest portion of the declining labor share in income since 1980 Paper […]

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Inconvenient Truths

One for each side of the aisle today. Note that truths is not really the right word, these are small steps towards coming to truths. (1) For my friends on the Right: Welfare reform in the 1990s decreased incidence of single motherhood. (2) For my friends on the Left: The housing crisis was an issue of prime borrowers defaulting […]

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More from Last Call: Al Smith’s candidacy gave bigots and xenophobes a perfect demon. In 1928 the crude impulses that had earlier ignited the rapid growth of the Ku Klux Klan now exploded among those “Pure Americans” who saw themselves as losing their nation to the Irish and the Italians and all the other foreigners crowding […]

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Does this support the Higgs view of the Great Depression, and the modern view of stagnation? Or is it just an anomaly? Remember, beware any single study. But of course, a single study is something. Do ‘Cheeseburger Bills’ Work? Effects of Tort Reform for Fast Food After highly publicized lawsuits against McDonald’s in 2002, 26 […]

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The Hiatus

No, not this one. I’ll be galavanting and posting only sparsely. I hope you keep me in your feed reader however, I’ll be back at some point. -Wintercow

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Goodbye Seniors

Congratulations and godspeed. I’m extremely honored to have been part of your lives and I wish for all of you the deepest human flourishing. You will be missed but not forgotten.

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Public Service Announcement: If you ever need a good belly laugh, check out the Darwin Awards. Were there awards handed out to dingbats who do not manage to kill themselves, then these thieves from my hometown area would be in a race for the title: If I were one of the burglars who ransacked her […]

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Keep it Classy Redux

A soon to be former student asked me to repost this, I do so with some hesitation below – it as put together 9 years ago. _______________________________________________________________________ The economics blogosphere has lit up in recent weeks with economists writing up their so-called “class autobiographies.” In the ephemeral world of blogosphere discussion topics, my following attempt […]

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Monday Research

Electricity “deregulation” was more about rent shifting. No surprise there.  What do you think the authors say about efforts to promote distributed generation, (i.e. rooftop solar)? “We argue that a similar dynamic underpins the current political momentum behind distributed generation (primarily rooftop solar PV) which remains costly from a societal viewpoint, but privately economic due to the rent […]

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