Blog Archives

Vox’s misleading gun death graph

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

Posted in Health, Violence & Peace

US median income finally rises above record set in 1999. Yea!

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

Posted in MELI & Econ Stats

Jaywalking in Guatemala

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

Posted in Development, Public Finance

Trickle-up economics

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

Posted in Medianism

Why the long-run value of Bitcoin is near zero.

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

Posted in Macro

Median vs. mean life expectancy

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

Posted in Health, Medianism

The ethics behind Trump’s main money man

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

Posted in Medianism, Public Finance

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