NYU economist Mario Rizzo gives a list of some of the questions and issues that serious people ought to consider on inequality:
There seems to be very little concern, in the popular press, for the causes of unequal distribution. This includes, especially, the causes of the increasing unequal distribution over the past few decades. […]
Bloomberg Businessweek reports:
Moments before a single-engine aircraft and a helicopter collided over the Hudson River near Manhattan in 2009, an air-traffic controller who should have been advising the plane’s pilot was on the phone, joking with an airport worker about a dead cat.
Nine people, including three teenage boys, died. The Teterboro, New Jersey, controller, whom […]
Leftists like to portray the European economic model as more “poor” friendly than the United States economic model. But that depends on what your preferences are: if you are poor and would prefer less disposable income with more government services, then yes, the European model would be preferable. However, if you are poor and would […]
A great analogy by economist Don Boudreaux:
Suppose that groceries were supplied in the same way as K-12 education. Residents of each county would pay taxes on their properties. Nearly half of those tax revenues would then be spent by government officials to build and operate supermarkets. Each family would be assigned to a particular supermarket […]
“Even among recipients of bachelor’s degrees, 90 percent manage to graduate with less than $40,000 of debt. What happened to the other 10 percent is no particular mystery: they are less likely to come from wealthy families, but they attended pricier schools and paid for more years of tuition (see chart below). Compared with other […]
“In general, anything that increases economic well-being, according to McKenzie, makes us fat. While the standard of living increased over the past several decades, the price of food relative to other goods has fallen about 17%. Research has shown that for every 1% drop in the price of food, people increase food consumption by .6%. […]
McArdle makes a decent case to be cautious about fiscal stimulus here:
Starts to pick up at the 3 min mark.
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