It’s a Car Wreck

Sooo … here’s a fable for our time. Suppose some guy gets into a car wreck in his lovely old car. It’s pristine and perfectly preserved 1963 Ferrari, a very valuable car. He’s had it just sitting in a garage for decades, and one day decides to take it for a spin. This proves to…

The Poor Taxpayer Test

On the outskirts of Las Vegas there’s a mid-range trailer park that grandiosely styles itself the “Orchard Mobile Home Estates”. There is no orchard in sight. It’s not the bottom of the pond for trailer parks, but it’s a ways from the top. A 41-year-old waitress lives there in a double-wide trailer, with her two kids…

Ending Poverty In America

I watched the Democratic National Committee debate, which was held before their recent election for the new Chair. The old Chair was forced out by scandal because she corruptly passed the debate questions to Hillary so she could appear smarter than Trump. (Curiously, not one candidate for Chair had one word to say about that ugly…

The Cruelest Tax Of All

A “progressive” tax is one where the wealthier you are the higher percentage of tax you pay. On the other hand, I’ve said before that a tax on energy, the so-called “carbon tax”, is one of the most regressive taxes available. It is the reverse of progressive, it hits the poor the hardest. This is…

US Public Sector Unions

I grew up in a union-supporting household on my mom’s side. My grandmother, the Captain’s Daughter, was a great supporter of the unions as the savior of the working man. She was born in 1885, so she’d seen the early rise of the unions, with all that entailed regarding basic safety and the like. My…

Monetizing Apples And Oranges

Let me start by thanking Richard Tol, Marcel Crok, and everyone involved in the ongoing discussion at the post called “The Bogus Cost of Carbon”. In particular, Richard Tol has explained and defended his point of view, giving us an excellent example of science at work. In that post I discussed the “SCC”, the so-called “Social Cost of Carbon”. There…

How Rich Countries Got Rich

I’ve mentioned before what I see as the most important economic analysis for our times. This is “How Rich Countries Got Rich . . . and Why Poor Countries Stay Poor” by Eric Reinert. Several folks pointed out that it is an expensive book, so a few days ago I did an analysis of an…