In the wake of the mass shooting tragedy in Los Vegas, Vox posted an analysis showing that more guns lead to more gun deaths: I was immediately suspicious because I’m living in Guatemala and I am constantly being reminded that…
In the wake of the mass shooting tragedy in Los Vegas, Vox posted an analysis showing that more guns lead to more gun deaths: I was immediately suspicious because I’m living in Guatemala and I am constantly being reminded that…
Kevin Drum reports that the official census bureau measure of: household income is now at an all-time high: And now for the buzzkill portion of this post: this means household income has increased a whopping 0.6 percent since 1999. That’s $22…
As a visitor to Guatemala, I’ve often heard cautions from Guatemalans to be extra careful crossing the road because cars have the right of way and might run me over. Although cars give very little regard to pedestrian safety, there…
Supply-side economics is often derided as trickle-down economics. It is the idea that we should reduce taxes on the wealthy who will then use their increased disposable income to grow the economy so fast that it will benefit everyone. That…
Economics textbooks say that the three main functions of money are 1) a unit of account (a measurement of value); 2) a medium of exchange; and 3) a store of value. As I wrote earlier, only the first two functions are really unique…
Life expectancy is the mean number of years someone is expected to live if conditions would remain the same in the future as they are in the current year. But because life expectancy is slightly skewed to the left, David…
Jane Mayer at the New Yorker has a profile of Robert Mercer, the reclusive Billionaire who probably invested more money in getting Trump elected than any other American (and we don’t know how much Putin spent). He not only directly…
