Here is a word cloud generated by tagxedo.com from approximately all of the text that I wrote during the first year of writing this blog. .
Yearly Archives: 2014
Healthcare in Japan
Japan has a remarkable universal health insurance system that boasts the longest longevity in the world despite costing well under half what US health care costs per capita. It is a Bismarck system with non-profit insurance companies, and mainly for-profit…
Posted in Health
Secular Hoarding
Secular stagnation usually refers to some sort of structural problem with aggregate demand that will maintain high unemployment along with low inflation and interest rates as you can see in this free ebook about secular stagnation written by famous economists. …
Posted in Macro
Secular Stagnation of The Median
Secular stagnation is a concept that Alvin Hansen developed after nearly a decade of Great Depression in the US because he feared that the stagnation could continue forever. Then WWII brought the biggest government spending stimulus in history and the…
Progressive Taxes Could INCREASE Inequality
UPDATED 2015/01/28 Cathie Jo Martin and Alexander Hertel-Fernandez wrote an interesting article on Vox arguing that progressive taxation increases inequality. It is a counter-intuitive argument, but their graph gives evidence for it: Their theory is that progressive taxation leads to…
The Median Is A Powerful And Neglected Statistic
The median is so neglected that Microsoft Excel’s pivot tables which are designed to display statistical summary data don’t even give the option of displaying medians. The arithmetic mean was independently invented several times for reducing measurement error including by Isaac…
Posted in Medianism
Our Monetary Overlords Want Low, Low Wages
Josh Bivens has the scoop: Dallas Federal Reserve Bank President Richard Fisher has a secret paper telling us how to fight inflation: stop progress in reducing unemployment so that nominal wages never grow fast enough to actually boost living standards…
Medianism 