David Leonhard found that elite colleges have very little economic diversity. At elite schools, only a little over 10% of the student body comes from families below the median income. William Bowen, …was a co-author of a study several years ago that…
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Guns don’t kill people. Alcohol kills people.
Updated. Ok, so my title is goofy sloganeering, but it isn’t any goofier than the common slogan it is based upon. Although the US could certainly save lives by copying some of the gun restrictions that all other industrialized nations…
Posted in Public Finance, Violence & Peace
An unearned wealth tax would help stop rising inequality.
The main source of rising inequality in the US has been the rising incomes of the top 1% richest Americans relative to everyone else. Sure, the top 25% highest-income households have been doing fine, but their incomes haven’t been rising…
Posted in Inequality, Public Finance
Blockchain NFTs have nothing to do with ownership rights. They are merely receipts for donations.
NFTs are not property rights just like Bitcoin is not money. Property rights are usually described as a bundle of rights, but this is true of nearly every concept which can be described as having a bundle of qualities. But…
How many lives did social distancing save?
Although we’ll never know exactly how many lives our masking and other social distancing saved from Covid, it is pretty sure that it saved over 30,000 lives from dying of the flu because the fatality rate from the flu dropped to…
Posted in Health
VAERS has reported a huge spike in vaccine-related deaths. Is VAERS overstating the risks?
My sister informed me that she and the people she trusts are worried about new data coming from the Vaccine Adverse Event Reporting System, or VAERS, an official CDC database. There have been over 4,000 deaths within 30 days of…
Posted in Health
Bitcoin is not money. Therefore it cannot replace the dollar which IS money.
UPDATED on 4/24/21re Bitcoin is not money. There are three main functions of money: 1) a unit of account (a measurement of value); 2) a medium of exchange; and 3) a store of value. The most important and unique function of money…
Posted in Macro
