Earlier I wrote about the terrorism that is brutally killing 38,000 Americans this year in nightmarish fashion. I have now identified a group is responsible for 200 of these deaths and they are not even legal American citizens. What group sounds more lethal,…
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Terrorists are expected to kill 38,000 Americans this year in brutal crushing deaths!
Set the terrorist alert level to red! I’d say that anyone who physically crushes a random American with a heavy metal instrument is a terrorist. Others might just dismiss these deaths as routine traffic accidents, but you should be much…
Posted in Public Finance, Violence & Peace
1% of Indians pay income tax
The BBC’s Justin Rowlatt wrote that India published income tax data this year showing that only 1% of Indians paid tax in 2013, while 2% filed a tax return. He quoted Indian Prime Minister Narendra Modi saying: publishing the data…
Posted in Development, Public Finance
Economic fundamentals models predicted Trump’s win
Most people didn’t predict Trump’s win. I didn’t, the Polls didn’t, the financial markets didn’t (stocks, foreign exchange, etc.), the betting markets didn’t, and most experts didn’t. However, there is a group that did predict a trump win using statistics…
Posted in Public Finance
One way power corrupts is by reducing social constraints
Brian Resnick warns that Trump would be a terrible president not because the enormous power of the presidency would corrupt him, but because it would merely give him more freedom to reveal his true personality. As if we haven’t seen enough…
Posted in Development, Public Finance
I don’t know whether to Laffer or cry
Jordan Ellenberg’s book also points out that the Laffer curve is another example of non-linear thinking. The idea is so common today that it now seems obvious, but in the 1970s it was so novel to most people that they…
Posted in Public Finance
Supply-Side Economics is NOT a school of economic thought
When I first began teaching economics as a graduate student in the mid 1990s, I noticed that many of the principles-level economics textbooks talked about “Supply-Side Economics” as a school of economics. This was curious to me, because I was…
Posted in Public Finance
Medianism 