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Category Archive for 'Standards of Living'

This time on Ebola. So we can’t be surprised about the current Ebola outbreak. We can’t lament the fact that there’s no cure or that it’s an unstoppable and violent virus when remedies could be expedited; we just don’t prioritize them over other, more potentially profitable health problems. As long as we perpetuate this global […]

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Humans are to electricity like fish are to water … or something close to it. Electricity has become so vital to our lives, yet so reliable, that we hardly think about it, perhaps even as we pay our monthly electricity bills. reflecting on our reliance upon electricity may lead one into a paradox, and it […]

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The federal government collected $350 billion from corporations in corporate income taxes last year. Economists have long understood and explain that the US federal (and state) corporate income tax rates are at the same time both too high and too low. Why do we say this? Well, the tax rate is, at the margin, very […]

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Coming up with a policy to deal with “climate change” (assume we need one for now) requires that we come up with some estimate of how much we care about future generations. There is simply no avoiding that. In all the sciency-goodness out there, I see very little discussion of this – it is merely […]

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A popular canard of the “progressive” line of thinking is that interest rates are a tool of exploitation – yet another in the long line of misunderstood stories of oppressors versus oppressed. To suggest that interest is unique to capitalism or comes from capitalism is in itself a laughable claim, particularly since nothing like capitalism […]

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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” […]

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Since the 1950s, it is clear that American incomes have skyrocketed, and in fact I have argued in classes for years that our income understates this by a good deal. Yet, there is a not insignificant number of laymen and experts alike that believe Americans are no more happy today than they were in the […]

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You may wish to consider that title snarky, but I love living in a world where someone has the incentive, and ability to profit from, delivering me goods and services like this one. Say what you will about the productive capacities of centrally planned economies, it is almost surely the case that no one has the […]

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I wonder if the planners in America are going to take credit for this awesomeness (and I mean it!): Measures of real consumption based upon the ownership of durable goods, the quality of housing, the health and mortality of children, the education of youth and the allocation of female time in the household indicate that […]

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This is sure to be better than any of the pathetic blathering you’ll encounter in the Presidential “debates” which are nothing more than made-for-TV, content-free, beauty contests. McKibben had declared the fossil fuel industry to be immoral, an environmental menace–he had declared open war on the fossil fuel industry–the war was celebrated by the media–and […]

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