The government neglects data about median income, so private researchers sometimes step in to the vacuum to investigate important issues. In 2011, Michael Greenstone and Adam Looney of the Hamilton Project crunched the data to find that Over the past…
Blog Archives
No Matter How You Torture The Data, Median US Male Income Screams As It Falls Behind The Elites
Posted in Medianism, MELI & Econ Stats
Fed Rebels Fight The Evil Empire
Earlier I had posted my prediction that the Fed is hopelessly always going to be dominated by banking interests due to regulatory capture. Fortunately, there are sometimes public servants in government who feel an obligation to do what is best…
The Fed Ignores Its “Dual Mandate.” Its True Purpose Is Helping Banks.
As I posted earlier, the Fed does not care that the majority of Americans are still in the depths of a recession because the Fed doesn’t even bother to track data about the median American. But this is just showing…
Mutilitarianism At The Fed
The US Federal Reserve (Fed) is the one and only institutions that is specifically in charge of fighting recessions and lowering unemployment. It used to be such a controversial institution that it was prepared for rioting. The Chicago branch of…
Medianism and Property Rights
Earlier I had posted about the usefulness of medianism for determining appropriate property rights. I had asserted that most state-enforced property rights actually come into being for consequentialist reasons. I have reviewed more literature about the epistemology of property rights…
Posted in Medianism
The Fundamental Value of All That Glitters
What drives the fundamental value of art? NPR reports that it has risen in line with the S&P 500 over the past 60 years but this is odd. The S&P 500 has risen because the firms have become more productive…
Posted in Macro
Taxation = Theft = Property
On the political right, libertarians like to talk about how taxation is theft and on the radical left some people like to say that property is theft. They are both right in a way, but neither side really believes their…
Posted in Medianism
Medianism 