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01/24/2018

Denmark gender estimate of the day

Based on a dynamic decomposition framework, we show that the fraction of gender inequality caused by child penalties has increased dramatically over time, from about 40% in 1980 to about 80% in 2013. The underlying paper is by Henrik Kleven, Camille Landais, and Jakob Egholt Søgaard.
The post Denmark gender estimate of the day appeared first on Marginal REVOLUTION. …

Articles

Estonia To Issue ‘How To Prepare For War’ Leaflets To 1.3 Million Citizens

As the world marches closer to war, countries in Europe are rushing to educate and prepare their civilian populations for military conflict with Russia. Last week, for the first time since World War II, Sweden’s government announced that it would soon distribute some 4.7 million civil defense brochures to its citizens, warning them about the onset

Economics

How Believing in Socialism Can Make You Miserable

On my (Brittany’s) college campus, the largest and most active club was the “Revolutionary Student Union,” also known as the school’s resident Marxists. Even then, I passionately disagreed with socialism. But one thing that struck me was how these students were not only wrong, but seemed deeply unhappy. They always walked into class scowling and

Articles

Schumer: One of the Tea Party’s ‘Fundamental Values’ Is ‘Horrible, Disgusting’ ‘Anti-Immigrant’ View

by Ian Hanchett23 Jan 20180 23 Jan, 201823 Jan, 2018 On Tuesday’s broadcast of MSNBC’s “Rachel Maddow Show,” Senate Minority Leader Chuck Schumer (D-NY) argued that the hard right has always been opposed to immigration and one of the Tea Party’s “fundamental values” is a “horrible, disgusting” “anti-immigrant” position. Schumer said, “Well, first, the hard

Articles

The Market Ticker – The Most-Ridiculous Bubble Since Tulips

Today’s “news” is that Spamazon is considering some sort of crypto-currency “exchange.”  On this the stock goes up more than 2% when starting from a point of more than 100x earnings.  Say “blockchain” or anything that sort of aligns with it, your stock price skyrockets.Netflix announces earnings and discloses that they added their entire revenue from the last quarter to content obligations.  In other words while under GAAP they may have made money, in fact they made nothing as they obligated…

Articles

Fear of the Future Helps to Fuel Protectionism and Many Other Government Interventions

Tweet In my latest column in the Pittsburgh Tribune-Review, I blame fear of the future for policies that make the future more fearful.  A slice: Nearly every popular economic fallacy reflects fear of the future. Although unjustified, such fear is understandable. We’re familiar with, and have more or less adjusted to, what exists. But we

Articles

Expert Consensus

Do you disagree with any of these propositions? increases in minimum wages almost always causes job losses among the poor and unskilled GMO’s and genetically modified foods have zero proven negative effects on the body or the environment homeopathy is completely useless and has zero medical benefits beyond any potential placebo effects All of these […] …

Articles

Gov Shutdown Prevention Act: fund each of 12 units of government individually

O’Sullivan’s First Law Thread Starter: Swordsmyth O’Sullivan’s First Law, named for John O’Sullivan, former editor of National Review, speechwriter for Margaret Thatcher, and author of the fine book The President, The Pope, and the Prime Minister, goes as follows: Any institution that is not explicitly right wing will become left wing over time. Good example

canada

Pot Alert: From the Desk of Ray Blanco…

This post Pot Alert: From the Desk of Ray Blanco… appeared first on Daily Reckoning.
A big swing state is gearing up for legalized pot sales in the next couple of months. Plus Canada is moving ever closer to full legalization. Ray Blanco explains what this means for you.
The post Pot Alert: From the Desk of Ray Blanco… appeared first on Daily Reckoning. …

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Pennsylvania

Pennsylvania Supreme Court Strikes Down House District Map Due To Partisan Gerrymandering

Pennsylvania’s  Supreme Court issued a ruling yesterday striking down the state’s Congressional Districts drawn in the wake of the 2010 census as unconstitutional under state law and the state’s Constitution: WASHINGTON — Pennsylvania’s congressional district map is a partisan gerrymander that “clearly, plainly and palpably” violates the state’s Constitution, the State Supreme Court said on Monday,

Illinois

Illinois Bill Would Take Steps Toward Rejecting Federal Militarization of Local Police

SPRINGFIELD, Ill (Jan. 23, 2017) – A bill introduced in the Illinois House would significantly limit the impact of federal programs that militarize local police. Rep. Will Guzzardi (D-Chicago) introduced House Bill 4286 (HB4286) on Jan. 19. The legislation would prohibit police from procuring any of the following equipment from a federal military surplus program. (1)… …

Articles

Why China’s Entry into the WTO Has Been Good for the U.S.

Simon Lester Pining for the glory days of the past is a common human frailty
(“Remember how great things were back in the 1950s?”),
but it turns out that when you look closely, things weren’t
actually so great.
This is playing out right now in trade policy, with some
handwringing over the 2001 decision to admit China to the World
Trade Organization. Last week, the U.S. Trade
Representative’s office issued a report on China’s WTO
compliance, which led to a flurry of headlines such as
“U.S. says China WTO membership was a
mistake.”
But were things really so great before China was in the WTO, and
would they be better if it wasn’t?
When China was admitted, the U.S. Trade Representative’s office explained
the significant changes China agreed to make to its economy in
order to join the WTO. China would become more transparent, in part
by translating all laws, regulations or other measures, at all
levels of government, relating to trade in goods or services into
one or…

Articles

Bye, Bye, FBI? The Case for Disbanding the Federal Frankenstein’s Monster

The Federal Bureau of Investigation is always under fire for something. As of late January, that something is destruction of evidence. Text messages between agents involved in the Bureau’s investigations of Hillary Clinton and Donald Trump, from a key time frame during the presidential transition,  are missing. Congress, the Bureau, and the US Justice Department … Continue reading Bye, Bye, FBI? The Case for Disbanding the Federal Frankenstein’s Monster → …

Articles

“Something Is Very Wrong With The Global Economy”: Richest 1% Made 82% Of Global Wealth In 2017

It is appropriate that as the world’s richest and most popular and influential celebrities, thought leaders, economists, pundits and politicians sit down in Davos this week to discuss such topics as wealth inequality and populism, that the global charity Oxfam released its latest annual study which found that global inequality is not only worsening, but

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Articles

Idaho’s bailout of big insurance: Five things to know

What do you get when you cross George W. Bush’s economic doctrine with Barack Obama’s signature legislative achievement, and sprinkle that with a little Nancy Pelosi? Answer: Idaho’s new government healthcare plan. Just last week, Gov. Butch Otter’s administration proposed a plan officials say will save consumers money. The plan? Push thousands of chronically ill

big government

‘We Are Outraged:’ Illegal Alien Activists Turn on Democrats After Amnesty-or-Shutdown Fail

Illegal alien activists say they are “outraged” after Senate Democrats did not leave the federal government shut down in order to force a deal whereby millions of illegal aliens are given amnesty at the expense of American citizens. In a protest outside of the U.S Capitol, open borders advocates and illegal alien activists slammed Democrats

politicians

Senate Votes To Approve Agreement To Reopen Government, House Expected To Go Along

it’sThe Senate has effectively voted to approve a Continuing Resolution that funds the Federal Government through February 8th in a deal that includes a commitment by Senate Majority Leader Mitch McConnell to bring a bill that would extend the Deferred Action For Childhood Arrivals (DACA) to the floor for consideration and a vote, and it’s

Economics

Are Google and Facebook monopolies?

Here is the video of my 30-minute debate — and yes it was a debate not really a dialogue — with Luigi Zingales on this question (click through for the video).  At the link is an associated transcript too, though the vigor of the back and forth was lots of fun.
The post Are Google and Facebook monopolies? appeared first on Marginal REVOLUTION. …

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