60% of voters nationwide agreed with the statement that “foreign trade has been bad for the US economy.”
a nice example how the stupid (majority) can really screw things up for everybody, because their intuition is completely wrong
Sapere Aude
Tag: policy
60% of voters nationwide agreed with the statement that “foreign trade has been bad for the US economy.”
a nice example how the stupid (majority) can really screw things up for everybody, because their intuition is completely wrong
The number of people in US prisons has risen 8x since 1970, with little impact on crime but at great cost to taxpayers and society.
this tough on crime nonsense likely stems from misguided religious beliefs, as per usual.
One of Sunlight’s resident creative geniuses have taken all the Defense Appropriations Earmarks and made them available for viewing within Google Earth.
i think i was in contact with these guys after my farm subsidies map
The idea of the Product Space can be conceptualized in the following manner: consider a product to be a tree, and the collection of all products to be a forest. A country consists of a set of firms—in this analogy, monkeys—which exploit products, or here, live in the trees. For the monkeys, the process of growth means moving from a poorer part of the forest, where the trees bear little fruit, to a better part of the forest. To do this, the monkeys must jump distances; that is, redeploy (physical, human, and institutional) capital to make new products. Traditional economic theory disregards the structure of the forest, assuming that there is always a tree within reach. However, if the forest is not homogeneous, there will be areas of dense tree growth in which the monkeys must exert little effort to reach new trees, and sparse regions in which jumping to a new tree is very difficult. In fact, if some areas are very deserted, monkeys may be unable to move through the forest at all. Therefore, the structure of the forest and a monkey’s location within it dictates the monkey’s capacity for growth; in terms of economy, the topology of this “product space” impacts a country’s ability to begin producing new goods.
The truth is, the federal government has already spent vast sums of taxpayer money over the past 50 years to revitalize Buffalo, only to watch the city continue to decay. Future federal spending that tries to revive the city will likely prove equally futile. The federal government should instead pursue policies that help Buffalo’s citizens, not the city as a geographical place. The best scenario would be for Buffalo to become a much smaller but more vibrant community—shrinking to greatness, in effect.
Buffalo had past glory? why wasting money to ‘revitalize’ a place as opposed to helping people directly is a failed cause. I concluded after my visit that it is a basket case and best dismantled.
how society slowly kills old laws without actually taking them off the books
Our parents and grandparents banned drugs, but the current generation is re-legalizing them. That’s why Rush Limbaugh, as a drug user, is in a sense a symbol of our times.
Labor-market flexibility, deregulation of the service industry, pension reforms and greater competition in university funding is not anti-equality. Such reforms shift financing from taxpayers to the users themselves and, as such, tend to eliminate rents.
policy by simulation / gaming. nice thinking on their part. you’d hope that mouthbreathers could learn advanced strategies and concepts through gaming, since traditional schooling has failed them.
why transparent government proceedings increase market efficiency
why this is not major major news really worries me. it has been known for quite some time that by playing semantic games, over $200B were stolen. this is why telcos need some disruptive innovation happen to them, fast.