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Things one middle-aged economist finds interesting



Updated: 2017-11-22T05:51:00-05:00

 



"Epic Dad Save"

2017-11-22T05:51:00-05:00

Quite cool. (Little kids can into trouble so fast.) Related: "Dads With Lightning Fast Reflexes Compilation". Bonus: dad takes his toddler son bowling. The result is not so epic.     Related Stories"Hysterical Dad Tweets Priceless Conversations Between Him and His Daughters""Bill Burr: On Motherhood, The Most Difficult Job on the Planet""This guy knows how to count his blessings"  Quite cool. (Little kids can into trouble so fast.) Related: "Dads With Lightning Fast Reflexes Compilation". Bonus: dad takes his toddler son bowling. The result is not so epic.      Related Stories"Hysterical Dad Tweets Priceless Conversations Between Him and His Daughters""Bill Burr: On Motherhood, The Most Difficult Job on the Planet""This guy knows how to count his blessings"  [...]









"The Case for Letting Fevers Run Their Course"

2017-11-22T05:02:00-05:00

My parents certainly told me, except for very high--life-threatening--ones, to let fevers go. They'd be glad but unsurprised that the research supports them.     Related Stories"Is Drinking Diet Soda a Health Risk?""Why Mushrooms May Be the Best Food to Help Fight Aging""A Link Between Alcohol and Cancer? It’s Not Nearly as Scary as It Seems"  My parents certainly told me, except for very high--life-threatening--ones, to let fevers go. They'd be glad but unsurprised that the research supports them.      Related Stories"Is Drinking Diet Soda a Health Risk?""Why Mushrooms May Be the Best Food to Help Fight Aging""A Link Between Alcohol and Cancer? It’s Not Nearly as Scary as It Seems"  [...]



"Behavioral Economics: Old Wine in Irrelevant New Bottles?"

2017-11-21T05:50:00-05:00

The late Fred McChesney a few years ago firmly put down "behavioral economics". Link is to the article abstract.     Related StoriesTwo different but complementary views on "trickle down economics""Labor’s Share of GDP: Wrong Answers to a Wrong Question""The Global Risk-Free Rate Recently Fell To An 800-Year Low"  The late Fred McChesney a few years ago firmly put down "behavioral economics". Link is to the article abstract.      Related StoriesTwo different but complementary views on "trickle down economics""Labor’s Share of GDP: Wrong Answers to a Wrong Question""The Global Risk-Free Rate Recently Fell To An 800-Year Low"  [...]



"Attack of the Nanny-State"

2017-11-21T05:45:00-05:00

In the very Liberal Huffington Post, no less: One of the insidious consequences of a paternalistic state is that it renders the concept of fraud virtually meaningless.     Related Stories"Trump Rally: Why it's misunderstood and what to do about it""Why Won’t The Nightmare Dream Of Communism Die?"Two different but complementary views on "trickle down economics"  In the very Liberal Huffington Post, no less: One of the insidious consequences of a paternalistic state is that it renders the concept of fraud virtually meaningless.      Related Stories"Trump Rally: Why it's misunderstood and what to do about it""Why Won’t The Nightmare Dream Of Communism Die?"Two different but complementary views on "trickle down economics"  [...]



"There's No Toilet Like Home"

2017-11-21T05:35:00-05:00

Unusual discussion: it starts with the finding that people tend to go number 2 more easily at home and ends with an argument that free will doesn't exist.     Related Stories"Funniest retraction I've ever seen""More evidence that the dinosaurs were super unlucky with regards to that whole asteroid thing""Climate Scientist Mark Jacobson Sues Journal For $10M Over Hurt Feelings"  Unusual discussion: it starts with the finding that people tend to go number 2 more easily at home and ends with an argument that free will doesn't exist.      Related Stories"Funniest retraction I've ever seen""More evidence that the dinosaurs were super unlucky with regards to that whole asteroid thing""Climate Scientist Mark Jacobson Sues Journal For $10M Over Hurt Feelings"  [...]



"Trump Rally: Why it's misunderstood and what to do about it"

2017-11-21T05:26:00-05:00

The "Trump rally" ranks, at the time the piece was written, only seventh best among modern presidents. And foreign stocks are doing very well, too.     Related Stories"Why Won’t The Nightmare Dream Of Communism Die?"Two different but complementary views on "trickle down economics""The constitution can’t protect underfunded public pensions"  The "Trump rally" ranks, at the time the piece was written, only seventh best among modern presidents. And foreign stocks are doing very well, too.      Related Stories"Why Won’t The Nightmare Dream Of Communism Die?"Two different but complementary views on "trickle down economics""The constitution can’t protect underfunded public pensions"  [...]



"Is Drinking Diet Soda a Health Risk?"

2017-11-21T05:02:00-05:00

What a surprise: in spite of the scary headlines on the mass media stories, there's not much there there. Related: from Harvard Med School, "Does drinking diet soda raise the risk of a stroke?"     Related Stories"Why Mushrooms May Be the Best Food to Help Fight Aging""A Link Between Alcohol and Cancer? It’s Not Nearly as Scary as It Seems""More evidence for broccoli compound in prostate cancer prevention"  What a surprise: in spite of the scary headlines on the mass media stories, there's not much there there. Related: from Harvard Med School, "Does drinking diet soda raise the risk of a stroke?"      Related Stories"Why Mushrooms May Be the Best Food to Help Fight Aging""A Link Between Alcohol and Cancer? It’s Not Nearly as Scary as It Seems""More evidence for broccoli compound in prostate cancer prevention"  [...]



"Why Won’t The Nightmare Dream Of Communism Die?"

2017-11-20T05:48:00-05:00

"A century of Communism achieved four main results: poverty, oppression, war, and mass death. So why does anybody still think collectivism is 'idealistic'?" Glenn Reynolds has, I think, the right answer: "For the same reason Ponzi schemes won't stop. It's...     Related StoriesTwo different but complementary views on "trickle down economics""The constitution can’t protect underfunded public pensions""Labor’s Share of GDP: Wrong Answers to a Wrong Question"  "A century of Communism achieved four main results: poverty, oppression, war, and mass death. So why does anybody still think collectivism is 'idealistic'?" Glenn Reynolds has, I think, the right answer: "For the same reason Ponzi schemes won't stop. It's an effective con that zeroes in on human weaknesses. Ponzi schemes capitalize on greed. Communism capitalizes on envy, which is why it’s largely sustained by intellectuals, in whose personalities envy tends to be a particularly powerful component."      Related StoriesTwo different but complementary views on "trickle down economics""The constitution can’t protect underfunded public pensions""Labor’s Share of GDP: Wrong Answers to a Wrong Question"  [...]



Two different but complementary views on "trickle down economics"

2017-11-20T05:46:00-05:00

"The Trumped Up 'Trickle Down' Economics Myth". The idea of “trickle-down theory” is nonexistent, except as perpetuated by those opposed to across-the-board tax rate cuts that include the wealthy. "Sorry Envious Left, 'Trickle-Down' Economics Is Real, And It's Everywhere". And...     Related Stories"Labor’s Share of GDP: Wrong Answers to a Wrong Question""This one weird trick could improve medical care""The constitution can’t protect underfunded public pensions"  "The Trumped Up 'Trickle Down' Economics Myth". The idea of “trickle-down theory” is nonexistent, except as perpetuated by those opposed to across-the-board tax rate cuts that include the wealthy.  "Sorry Envious Left, 'Trickle-Down' Economics Is Real, And It's Everywhere". And while anecdote should never be confused with fact, the story of Coca-Cola helps disprove the emotional arguments against trickle down.  With Coke we see how an immigrant rose to near billionaire status in concert with voluminous job creation, staggering amounts of educational and charitable opportunity, and even more giving by the inheritors of great wealth.      Related Stories"Labor’s Share of GDP: Wrong Answers to a Wrong Question""This one weird trick could improve medical care""The constitution can’t protect underfunded public pensions"  [...]



"The constitution can’t protect underfunded public pensions"

2017-11-20T05:33:00-05:00

"The clause, though, isn’t as ironclad as it sounds. A contractual relationship is important — but it can be changed. Companies and cities can change contracts through bankruptcy."     Related Stories"Labor’s Share of GDP: Wrong Answers to a Wrong Question""Why Is It Such a Struggle to Reform Our Colleges?""This one weird trick could improve medical care"  "The clause, though, isn’t as ironclad as it sounds. A contractual relationship is important — but it can be changed. Companies and cities can change contracts through bankruptcy."      Related Stories"Labor’s Share of GDP: Wrong Answers to a Wrong Question""Why Is It Such a Struggle to Reform Our Colleges?""This one weird trick could improve medical care"  [...]



"Labor’s Share of GDP: Wrong Answers to a Wrong Question"

2017-11-20T05:24:00-05:00

Alan Reynolds: When people say “labor’s share is falling,” they surely mean income people receive from work has not kept up with income people (often the same people) receive from property: dividends, interest, and rent. But, that crude Piketty-Marx labor/capital...     Related Stories"This one weird trick could improve medical care""The Global Risk-Free Rate Recently Fell To An 800-Year Low""Why Is It Such a Struggle to Reform Our Colleges?"  Alan Reynolds: When people say “labor’s share is falling,” they surely mean income people receive from work has not kept up with income people (often the same people) receive from property: dividends, interest, and rent. But, that crude Piketty-Marx labor/capital dichotomy ignores another increasingly important source of personal income: namely, government transfer payments from taxpayers to those entitled to cash and in-kind benefits.        Related Stories"This one weird trick could improve medical care""The Global Risk-Free Rate Recently Fell To An 800-Year Low""Why Is It Such a Struggle to Reform Our Colleges?"  [...]



"The Global Risk-Free Rate Recently Fell To An 800-Year Low"

2017-11-20T05:16:00-05:00

800 years is kind of a long time.     Related Stories"In Search of Russia's Lost Gold""This one weird trick could improve medical care""It Begins: Pension Bailout Bill To Be Introduced This Week"  800 years is kind of a long time.      Related Stories"In Search of Russia's Lost Gold""This one weird trick could improve medical care""It Begins: Pension Bailout Bill To Be Introduced This Week"  [...]



"Funniest retraction I've ever seen"

2017-11-20T05:01:00-05:00

I agree that it is pretty funny. The American Journal of Political Science published a correction this year saying that the 2012 paper has “an error” — and that liberal political beliefs, not conservative ones, are actually linked to psychoticism....     Related Stories"Hysterical Dad Tweets Priceless Conversations Between Him and His Daughters""Bill Burr: On Motherhood, The Most Difficult Job on the Planet""More evidence that the dinosaurs were super unlucky with regards to that whole asteroid thing"  I agree that it is pretty funny. The American Journal of Political Science published a correction this year saying that the 2012 paper has “an error” — and that liberal political beliefs, not conservative ones, are actually linked to psychoticism. “The interpretation of the coding of the political attitude items in the descriptive and preliminary analyses portion of the manuscript was exactly reversed,” the journal said in the startling correction.      Related Stories"Hysterical Dad Tweets Priceless Conversations Between Him and His Daughters""Bill Burr: On Motherhood, The Most Difficult Job on the Planet""More evidence that the dinosaurs were super unlucky with regards to that whole asteroid thing"  [...]



"Hysterical Dad Tweets Priceless Conversations Between Him and His Daughters"

2017-11-19T05:43:00-05:00

Made me laugh. Sample: 3-year-old daughter: A boy at daycare said he likes me. Me: Do you like him back? 3: He colors outside the lines. He needs to grow up.     Related Stories"Bill Burr: On Motherhood, The Most Difficult Job on the Planet""‘Saturday Night Live’ Paints Democrats as Out of Touch, Elderly Losers""Chris Rock--Funniest Interview on 'Rosie'"  Made me laugh. Sample: 3-year-old daughter: A boy at daycare said he likes me.Me: Do you like him back?3: He colors outside the lines. He needs to grow up.      Related Stories"Bill Burr: On Motherhood, The Most Difficult Job on the Planet""‘Saturday Night Live’ Paints Democrats as Out of Touch, Elderly Losers""Chris Rock--Funniest Interview on 'Rosie'"  [...]



"Vengeance--The Story of the 2014 Patriots"

2017-11-19T05:06:00-05:00

Very satisfying 15.5 minutes for Patriots fans. (Obviously, Patriots-haters need to stay away.)     Related Stories"Everyone loses in Ezekiel Elliott court case chaos""Maybe football isn't fading away, it's just moving where it's played""Goalkeeper celebrates too early as penalty kick takes a bizarre bounce into the goal"  Very satisfying 15.5 minutes for Patriots fans. (Obviously, Patriots-haters need to stay away.)      Related Stories"Everyone loses in Ezekiel Elliott court case chaos""Maybe football isn't fading away, it's just moving where it's played""Goalkeeper celebrates too early as penalty kick takes a bizarre bounce into the goal"  [...]



"The absolute best Amazon Echo app just got even better"

2017-11-18T05:47:00-05:00

I've tried it and it's kinda cool.     Related Stories"36 Websites That Will Change Your Entire Fucking Life""Vice Cream""The Worst Internet In America"  I've tried it and it's kinda cool.      Related Stories"36 Websites That Will Change Your Entire Fucking Life""Vice Cream""The Worst Internet In America"  [...]



"Everyone loses in Ezekiel Elliott court case chaos"

2017-11-18T05:05:00-05:00

There's yet another hearing scheduled for Dec. 1, but I sure agree with this: "Enough already."     Related Stories"Maybe football isn't fading away, it's just moving where it's played""Goalkeeper celebrates too early as penalty kick takes a bizarre bounce into the goal"Bill Belichick tries to answer a question I've long had  There's yet another hearing scheduled for Dec. 1, but I sure agree with this: "Enough already."      Related Stories"Maybe football isn't fading away, it's just moving where it's played""Goalkeeper celebrates too early as penalty kick takes a bizarre bounce into the goal"Bill Belichick tries to answer a question I've long had  [...]



"Cher & David Bowie - Young Americans Medley (Live on The Cher Show, 1975)"

2017-11-17T05:51:00-05:00

Hard to believe but yes, this is how we used to roll in the mid 70s. This is much better: "David Bowie--Heroes (Live in Berlin 2002)"     Related Stories"A Hard Day's Night: Solving a Beatles mystery with mathematics""A lot of albums released by old folks in 2017 are completely awesome""The 12-Year-Old Prodigy Whose 'First Language' is Mozart"  Hard to believe but yes, this is how we used to roll in the mid 70s. This is much better: "David Bowie--Heroes (Live in Berlin 2002)"      Related Stories"A Hard Day's Night: Solving a Beatles mystery with mathematics""A lot of albums released by old folks in 2017 are completely awesome""The 12-Year-Old Prodigy Whose 'First Language' is Mozart"  [...]



"A Hard Day's Night: Solving a Beatles mystery with mathematics"

2017-11-17T05:25:00-05:00

"It's probably the most recognisable sound in popular music." Really?? (Well, the report is on ABC.net.au and you can never doubt the mass media.) But the puzzle it posed is now apparently solved.     Related Stories"A lot of albums released by old folks in 2017 are completely awesome""The 12-Year-Old Prodigy Whose 'First Language' is Mozart""Detroit Medley"  "It's probably the most recognisable sound in popular music." Really?? (Well, the report is on ABC.net.au and you can never doubt the mass media.) But the puzzle it posed is now apparently solved.      Related Stories"A lot of albums released by old folks in 2017 are completely awesome""The 12-Year-Old Prodigy Whose 'First Language' is Mozart""Detroit Medley"  [...]



"A lot of albums released by old folks in 2017 are completely awesome"

2017-11-17T14:13:00-05:00

Alternate hypothesis: today's music is so generally poor, this "old folks" music sounds good in comparison. (And get off my lawn!) UPDATE: link fixed now.     Related Stories"The 12-Year-Old Prodigy Whose 'First Language' is Mozart""Detroit Medley""Loves Me Like a Rock"  Alternate hypothesis: today's music is so generally poor, this "old folks" music sounds good in comparison. (And get off my lawn!) UPDATE: link fixed now.      Related Stories"The 12-Year-Old Prodigy Whose 'First Language' is Mozart""Detroit Medley""Loves Me Like a Rock"  [...]



"Bill Burr: On Motherhood, The Most Difficult Job on the Planet"

2017-11-16T05:51:00-05:00

With great good humor, Bill Burr takes apart an understandable exaggeration.     Related Stories"‘Saturday Night Live’ Paints Democrats as Out of Touch, Elderly Losers""Chris Rock--Funniest Interview on 'Rosie'""Stunned farmer finds flock of sheep in her home thanks to overzealous sheepdog puppy"  With great good humor, Bill Burr takes apart an understandable exaggeration.      Related Stories"‘Saturday Night Live’ Paints Democrats as Out of Touch, Elderly Losers""Chris Rock--Funniest Interview on 'Rosie'""Stunned farmer finds flock of sheep in her home thanks to overzealous sheepdog puppy"  [...]



"More evidence that the dinosaurs were super unlucky with regards to that whole asteroid thing"

2017-11-16T05:44:00-05:00

A six-mile-wide (!) asteroid landing is one thing. But bad luck where it lands is worse.     Related Stories"Climate Scientist Mark Jacobson Sues Journal For $10M Over Hurt Feelings""Is the multiverse physics, philosophy, or something else entirely?""An Epidemic of Bad Epidemiology"  A six-mile-wide (!) asteroid landing is one thing. But bad luck where it lands is worse.      Related Stories"Climate Scientist Mark Jacobson Sues Journal For $10M Over Hurt Feelings""Is the multiverse physics, philosophy, or something else entirely?""An Epidemic of Bad Epidemiology"  [...]



"These 9 places in America will pay you to move there"

2017-11-16T05:39:00-05:00

Not hugely lucrative, but may be worth thinking about for kids tired of paying high rents.     Related Stories"Nine countries have ranked this as the most popular baby name""Humans are just starting to understand this nearly invincible creature — and it's fascinating""The Problem With 'DO SOMETHING!'"  Not hugely lucrative, but may be worth thinking about for kids tired of paying high rents.      Related Stories"Nine countries have ranked this as the most popular baby name""Humans are just starting to understand this nearly invincible creature — and it's fascinating""The Problem With 'DO SOMETHING!'"  [...]



"In Search of Russia's Lost Gold"

2017-11-16T05:02:00-05:00

Is it at the bottom of Lake Baikal? “That’s why we want the legend to live on. It’s part of our landscape now, part of Baikal, part of Siberia. It’s just too beautiful to die.”     Related Stories"Was the fall of Rome a biological phenomenon?""The Big Reveal: The Story of How 470,000 Documents from Osama Bin Laden's Compound Finally Got Into the Open""Abraham Lincoln and the SJWs"  Is it at the bottom of Lake Baikal? “That’s why we want the legend to live on. It’s part of our landscape now, part of Baikal, part of Siberia. It’s just too beautiful to die.”      Related Stories"Was the fall of Rome a biological phenomenon?""The Big Reveal: The Story of How 470,000 Documents from Osama Bin Laden's Compound Finally Got Into the Open""Abraham Lincoln and the SJWs"  [...]



"Kiss the good times goodbye"

2017-11-15T05:51:00-05:00

Bob Lutz, noted Car Guy: The vehicles, however, will no longer be driven by humans because in 15 to 20 years — at the latest — human-driven vehicles will be legislated off the highways. He might be right, but I'm...     Related Stories"Watch Out For Dealerships That Cater To Customers Who Don’t Care About Money""Are Lexus's really cheaper to maintain and they break less often than BMW/ Mercedes or is it just a myth?""The Ford $100,000 F-450"  Bob Lutz, noted Car Guy: The vehicles, however, will no longer be driven by humans because in 15 to 20 years — at the latest — human-driven vehicles will be legislated off the highways. He might be right, but I'm not convinced yet.      Related Stories"Watch Out For Dealerships That Cater To Customers Who Don’t Care About Money""Are Lexus's really cheaper to maintain and they break less often than BMW/ Mercedes or is it just a myth?""The Ford $100,000 F-450"  [...]