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Immigrants and Everest, Bryan Caplan | EconLog | Library of Economics and Liberty
Immigrants use less welfare than natives, holding income constant. Immigrants are far less likely to be in jail than natives, holding high school graduation constant.* On the surface, these seem like striking results. But I've heard a couple of smart people [Garett Jones] demur with an old statistics joke: "Controlling for barometric pressure, Mount Everest has the same altitude as the Dead Sea." Sometimes controls conceal the truth rather than laying it bare.
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august 2017 by nhaliday
My Simplistic Theory of Left and Right, Bryan Caplan | EconLog | Library of Economics and Liberty
1. Leftists are anti-market. On an emotional level, they're critical of market outcomes. No matter how good market outcomes are, they can't bear to say, "Markets have done a great job, who could ask for more?"

2. Rightists are anti-leftist. On an emotional level, they're critical of leftists. No matter how much they agree with leftists on an issue, they can't bear to say, "The left is totally right, it would be churlish to criticize them."
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june 2017 by nhaliday
Nancy MacLean Owes Tyler Cowen an Apology – Russ Roberts – Medium
So any political regime premised on defending property rights is race-biased. If you want to call that racist, I think it's justified.

lmao wut

The Bizarre Conspiracy Theory Nominated for a National Book Award:
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june 2017 by nhaliday
Kling on the Three Languages of Politics | EconTalk | Library of Economics and Liberty
So what I claim is that Progressives organize the good and the bad in terms of oppression and the oppressed, and they think in terms of groups. So, certain groups of people are oppressed, and certain groups of people are oppressors. And so the good is to align yourself against oppression, and the historical figures that have improved the world have fought against oppression and overcome oppression. The second axis is one I think Conservatives use, which is civilization and barbarism. The good is civilized values that have accumulated over time and have stood the test of time; and the bad is barbarians who try to strike out against those values and destroy civilization. And the third axis is one I associate with Libertarians, which is freedom versus coercion, so that good is individuals making their own choices, contracting freely with each other; and the bad is coercion at gunpoint, particularly on the part of governments.
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june 2017 by nhaliday
The Behavioral Econ of Paperwork, Bryan Caplan | EconLog | Library of Economics and Liberty
If X is good, we can noticeably encourage it by modestly simplifying the paperwork. So yes, cut red tape for employment, construction, travel, and adoption. If X is bad, though, we can noticeably discourage it by modestly complicating the paperwork. Indeed, complexity is a viable substitute for explicit means-testing: If you lack the patience to fill out ten forms, you probably don't really need the money.
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june 2017 by nhaliday
Income Inequality |
Worsening American Income: Inequality: Is world trade to blame?:
America: A dromedary, not a Bactrian camel:

Department of Awful Statistics: Income Inequality Edition:
A Guide to Statistics on Historical Trends in Income Inequality:
Income inequality in the United States:
The Geography of U.S. Inequality:

40 Years Of Income Inequality In America, In Graphs:
good charts of trends in income percentiles, wage stagnation, etc.
Wage Stagnation in Nine Charts:
Middle-class wages are stagnant—Middle-wage workers’ hourly wage is up 6% since 1979, low-wage workers’ wages are down 5%, while those with very high wages saw a 41% increase
Cumulative change in real hourly wages of all workers, by wage percentile,* 1979–2013

A Relentless Widening of Disparity in Wealth:
Our Broken Economy, in One Simple Chart:
American Inequality in Six Charts:

US income inequality: caused by financiers and tech entrepreneurs:
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may 2017 by nhaliday

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