Blog Archives

Beer Companies Don’t Care About The Median Drinker

Updated February 9, 2018 Mark Kleiman has done some of the most insightful policy analysis of illegal drugs available.  He argues that home grown marijuana should be legal (and polls show that the majority of Americans have agreed for some

Posted in Health, Labor, Medianism

#Pence2018 because Pence wouldn’t need to illegally use campaign funds to pay hush money to porn star to cover up an affair

Nor would a president Ryan nor just about any other plausible president I can think of. Let’s put this ugliness behind us as soon as possible. The Republicans who control both houses of Congress have a choice and it should

Posted in Medianism

Shoulda bought Bitcoin a year ago…

The WSJ found a great way to show how much bitcoin has risen this year: Their video is fun too. Many bitcoin fans argue that this price rise is based on the fundamental value of bitcoin. I agree with the

Posted in Medianism

Rural politics

Farming communities have always been less cosmopolitan than urban areas, and that makes them more culturally conservative, but my sense is that they used to be more economically liberal in the past than today. Today, the most solidly conservative parts

Posted in Medianism

Escaping the tyranny of climate

Note: this is an abbreviated repost of an article I wrote for my Economic Development class that I’ll be using for a guest lecture on climate change. Humans co-evolved with our technological inventions for warming up in the cold: fire,

Posted in Medianism

Imputed rent

Suppose you own a house worth $240,000, but your job forces you to move to Chicago for two years where you will have to pay $12,000 ($1,000/month) to rent another house with nearly identical characteristics. Fortunately, you can rent out

Posted in Medianism

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

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