A lot of people, including pretty much everyone in academia, including supposed libertarians in academia, agree that deregulation has been happening. Everyone agrees that the US banks were “deregulated†– in that a seventeen page law governing their permitted activities was replaced by three thousand pages of laws governing their activities, which three thousand pages were not so much laws, as headings for regulators to title their decisions. It is impossible to say how many pages of regulations were created, …
Category: economics
Dude, where is my flying car?
The first man on the moon has died, and pretty soon the last men on the moon will be dead also. where are the space settlements? By the year 2000, we were supposed to have flying cars, space settlements, and cities that looked like this:
Decline of the west
According to official statistics, living standards are rising, inflation is low, and unemployment is falling. If living standards are rising, why are people eating less meat and buying fewer cars? [In the comments Bill makes a telling rebuttal:Â That people are eating less meat and buying fewer cars because of increasing inequality accurately reported by the official statistics: that the decline in equality renders official statistics compatible with consumption statistics for particular items.]
The left singularity continues
Increased repression brings increased leftism, increased leftism brings increased repression, in an ever tighter circle that turns ever faster. This is the left singularity
Not the cognitive elite
Government has accomplished some mighty impressive things, the most impressive being the Manhattan project (nuclear bombs and nuclear energy), and the second most impressive being the landing on the moon. After Hiroshima, and before the moon landing, people said “Why don’t we (meaning government) have a Manhattan project to do X†After the landing on the moon, people said “If we (meaning government) can put a man on the moon, why cannot we do X†Well guess what, boys and …
Krugman on supply side
By and large, the elite ignores the argument that our economic crisis is supply side, as if no one could possibly be so crazy, ignorant and stupid as to make such an obviously silly argument. However, when Professor Pedro Schwartz argued that the problem is supply side, Krugman responded passionately rather than ignoring and mischaracterizing the argument.:
Economic Decline measured by Big Macs per hour
On the basis of big mac per hour rate, living standards in the US fell 9% between 2007 and 2011, two and half percent a year. This agrees pretty well with cars and meat (two percent fewer cars and two percent less meat per person per year.)
I saw the crisis coming: Why the fed did not.
In 2010 April 3, Michael Burry asked “I saw the crisis coming. Why did not the Fed?” His question was, in a sense, answered in the next two weeks.
29% of British hospital deaths murder by the state
The Liverpool Care Pathway. Which consists of heavily drugging them, and giving them no food or water. This will kill a healthy person in less than a week, and kill someone with breathing difficulties, for example an elderly person with pneumonia, in a few hours. The average life expectancy on the Liverpool Care Pathway is thirty three hours, indicating most patients were pretty healthy when it was decided to murder them. The Liverpool Care Pathway was originally justified for treating …
Inflation
If we believe the official inflation figures, supposedly living standards in the US are rising: Yet the proportion of people with cars is falling, the proportion of households with a car is falling faster, and the amount of meat people are eating is falling – consistent with a cpi rising at about the rate that shadowstats claims, about six to ten percent