In a message dated 8/1/02 2:50:47 PM, [EMAIL PROTECTED] writes:
<< If you want a technical definition: if X is precisely N orders of
magnitude
greater than Y, then X = (10^N)Y. Thus 110 million, being between 80 million
and 800 million, is between one and two orders of magnitude greater than
In a message dated 8/1/02 11:53:27 AM, [EMAIL PROTECTED] writes:
<< Programs Billions of dollars as of FY 1993
Medicaid$76
Food Stamps $25
AFDC (Family Support) $16
Child Nutrition Programs/WIC$ 7
Public Housing Assistance $20
Total Federal Spending
If you want a technical definition: if X is precisely N orders of magnitude greater than Y, then X = (10^N)Y. Thus 110 million, being between 80 million and 800 million, is between one and two orders of magnitude greater than 8 million. A more exact figure, if we want to get logarithmical, is tha
Usually "one order of magnitude more" is about 10 times more.
So, increasing from a range around 8 to around 80 is an
increase in an order of magnitude.
It is more debatable, but not uncommon, for each digit to be
its own order of magnitude: 1-9 / 10-99 / 100-999.
Unfortunately, my "whatis" defi
>> As I understand it, the cost of the medicare program turned out to be much
>greater than expected, but not because congress kept changing the legislation
>to add more goodies. Rather treatment became increasingly more expensive.
>Bryan Caplan:
>In an email discussion with me circa 1995, yo
Anton Sherwood wrote:
> Not too far off, given that most US military effort in the past century
> has been for the benefit of foreigners.
Military intervention is not what most people mean by "foreign aid."
> As for health/pensions/welfare,
> when is a transfer entitlement not a transfer en
Relying on the adage---the only stupid question is the one not asked---I ask
for an explanation of "an order of magnitude". I had understood it to mean
an approximation of an amount associated with whatever subject was under
discussion. However, in reading David Levenstam's comment (see related
In a message dated 7/31/02 11:18:21 PM, [EMAIL PROTECTED] writes:
<< William Dickens wrote:
> As I understand it, the cost of the medicare program turned out to be much
greater than expected, but not because congress kept changing the legislation
to add more goodies. Rather treatment became i
In a message dated 7/31/02 3:02:53 PM, [EMAIL PROTECTED] writes:
<< fabio guillermo rojas wrote:
>
> > In other words, all of the main items in the budget are popular and
> > indeed if anything the public wants them to be larger. (Presumably views
>
> Question: could public opinion be endogeno
Bryan Caplan wrote:
> Support for "spending cuts" is largely predicated on delusional views
> of what the budget looks like to begin with - such as the popular
> views that foreign aid and welfare are the two biggest categories.
Not too far off, given that most US military effort in the past cent
William Dickens wrote:
> As I understand it, the cost of the medicare program turned out to be much greater
>than expected, but not because congress kept changing the legislation to add more
>goodies. Rather treatment became increasingly more expensive.
In an email discussion with me circa 19
In a message dated 7/31/02 4:30:50 PM, [EMAIL PROTECTED] writes:
<< I'm not sure this is right. If you look at what the public say they would
like in a government health care program it is huge and very expensive (in
contrast I suspect if you asked how much they would like to spend on it the
>> Isn't it "folk wisdom" that many gov't programs start with promises
>> they'll stay small (income tax, social security, medicaid) but once
>> they exist, they become popular?
I'm not sure this is right. If you look at what the public say they would like in a
government health care program it
fabio guillermo rojas wrote:
>
> > In other words, all of the main items in the budget are popular and
> > indeed if anything the public wants them to be larger. (Presumably views
>
> Question: could public opinion be endogenous? Ie, maybe there might
> be some status quo bias? Would people befo
> In other words, all of the main items in the budget are popular and
> indeed if anything the public wants them to be larger. (Presumably views
Question: could public opinion be endogenous? Ie, maybe there might
be some status quo bias? Would people before the New Deal or the Great
Society have
Those who think the public's wishes are being grossly defied will find
support in this general question (1996):
758. Here are some things the government might do for the economy.
Circle one number for each action to
show whether you are in favor of it or against it.
C. Cuts in government spendi
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