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Except that feelings are more important than facts and logic.

Ever been anywhere?

If people acknowledged what parts of their lives exist because of capitalism, capitalism would in the running for the most popular thing of all time.

https://i.redd.it/2tp9slljv2h11.jpg

Germany in the 90s had some real fantastic experience with the sort of thing she proposes. What they experienced is that when you delete the kinds of short-sighted restrictions she proposes to...

She says things that are not factually true, like that earnings have not kept up with production. They have. Dishonest people have sliced out pieces of data and presented only it in order to say...

Yeah I read the first paragraph and was thinking "she doesn't really know anything about this does she?"

With many insights into the field.

That she has a bachelor's degree in economics shows just how awful a state the academic establishment is in that field. It's producing graduates who believe things that oppose the foundation that...

Stay vigilant. One thing can go wrong and he would then have no chance in hell. Like if a recession happens at the time. Just like how in 2008 when the most socialist policy in the West that I...

Sanders doesn't do economics. He does feelnomics.

Socialism appears to be a phenomenon of ego. "I know what is best for others. All those other times other people thought they knew what was best for others and the result was disaster, those don't...

To clarify, you can say work itself is an economic good, but that's in a more accurate view of economics, not what Bernie and others think of when they think of economics. Within the frame of the...

I'd say it derives from the belief that work itself is an economic good. It is not. Production of a new resource that people consume by choice is the economic good.

I'm down with that. I can't say I know the exact reasons some places are better than others, and I can say that I don't like it when others say they do, like the common expression (or implication)...

On the latest econtalk podcast with Nassim Taleb, he made a point I found rather interesting. It is the argument that Protestantism was/is a secular religion. This is because the history of...

Regarding the happiness by country data, the interocular trauma test shows a powerful correlation between happiness and peoples that have adopted Protestant, Enlightenment, Germanic cultures.

https://i.redd.it/vguxrut2uyk01.jpg

Monsters like being famous for being monsters.

Like if CNN was honest about creating terrorists because it's good for ratings?

Maybe a decent way of conceptualizing the difference between free market capitalism and socialism is that in socialism you can't turn CNN off; in capitalism you can.

http://www.azquotes.com/picture-quotes/quote-if-you-put-the-federal-government-in-charge-of-the-sahara-desert-in-5-years-there-d-milton-friedman-10-30-83.jpg

Economists are editing out basic economics in their textbooks based on their precious fee fees.

http://econlog.econlib.org/archives/2018/02/is_paul_krugman.html

The real losers in the rejection...

Another thing I want to add is that the study finds no impact on growth from changes within high incomes. It finds only impact on growth from changes between low and high incomes. This tells us...

I'll add that econometrics (what this paper is) is wrought with problems. It isn't even that we know econometrics is not reliable for developing useful conclusions, but that we know it's mostly not...

Thanks. I like reviewing the research.

The paper conflates earnings with capital gains, effectively measuring twice the earnings from which capital gains derive. Data that conflate these are not...