Re: Editors and Media Bias

2003-09-03 Thread AdmrlLocke
Or, to quote Hayek, as socialists of all parties. David Levenstam In a message dated 9/3/03 3:57:29 PM, [EMAIL PROTECTED] writes: And with the budget under the Bush Administration outsocializing the socialist Clinton by triple and growing (in social spending alone) it isn't clear that there

Re: immigration's effect on per capita GDP

2003-09-04 Thread AdmrlLocke
In a message dated 9/4/03 8:38:09 AM, [EMAIL PROTECTED] writes: Illegals knowingly break federal law. Many libertarians say they only break laws that shouldn't exist anyway. But this made me wonder. The overwhelming majority of illegal immigrants do not have libertarians views (to put it mildly).

Re: immigration's effect on per capita GDP

2003-09-05 Thread AdmrlLocke
In a message dated 9/4/03 11:03:22 PM, [EMAIL PROTECTED] writes: No, this is a very serious point. Republican administrations are by objective measure MORE socialist. Fundamentally, conservatives in this country do not believe more in individual freedom than liberals. They repeatedly seek

Re: immigration's effect on per capita GDP

2003-09-05 Thread AdmrlLocke
Yes, an consciously so. While I think it's clear that Republicans generally push for much less government than Democrats do, I also think you're disinclined to accept what seems manifest to me, and since as you know I haven't slept much for the past 10 days, I don't have the energy to write a

Re: What's Wrong With Blood Feuds?

2003-09-25 Thread AdmrlLocke
People probably came to and went from Iceland much more frequently than we might presuppose. People traveled among Iceland and the continent (Norway primarily), Greenland and Vineland quite a bit, according to the available sources, until the Little Ice Age set in during the Middle Ages. Under

Re: Cognitive dissonance

2003-10-16 Thread AdmrlLocke
Dear Fred, I have a conservative Christian friend in Iowa who supports the laws against drug use but will that they violate our God-given right to liberty. He says he's just not emotionally prepared to abandon his support for drug prohibition. That seems like a fairly clear cause of conscious

Re: Why is local currency good or bad or neither?

2003-10-31 Thread AdmrlLocke
In a message dated 10/31/03 12:21:31 PM, [EMAIL PROTECTED] writes: So why not just use federal paper dollars for that? Because if you get caught, you'll pay for it. In case of local currency, the tax authorities do not bother as easily because of the cost and the trouble with drawing the line

Re: Real wages constant since 1964?!

2003-12-02 Thread AdmrlLocke
In a message dated 12/2/03 11:48:08 AM, [EMAIL PROTECTED] writes: If you measure wages in desk calculators instead of dollars, I'm sure they've gone up substantially! ;-) --Robert Yes, the BLS series uses CPI-u to deflate the nominal wage series. Since CPI-u doesn't account for changes in

Re: Real wages constant since 1964?!

2003-12-03 Thread AdmrlLocke
In a message dated 12/3/03 1:53:31 PM, [EMAIL PROTECTED] writes: This is completely wrong. The CPI-u is, and the CPI-x was, adjusted for quality changes (see http://www.bls.gov/cpi/home.htm ). The CPI-X doesn't exist anymore. So what price statistic wasn't adjusted for quality changes? They

Re: Why is a dollar today worth more than a dollar tomorrow?

2003-12-07 Thread AdmrlLocke
In a message dated 12/7/03 4:03:55 PM, [EMAIL PROTECTED] writes: So the question is, why at the zero rate was there not greater demand to borrow? The answer may well be that the expected future inflation and real interest rates were highly uncertain, and the transaction costs of getting and

Re: why aren't we smarter?

2003-12-07 Thread AdmrlLocke
In a message dated 12/7/03 12:40:04 PM, [EMAIL PROTECTED] writes: Your story does have a certain plausibility. But you'd need to argue that the huge increase in IQ that has been documented during this last century isn't really an increase in intelligence. And doing that makes it harder to take

Re: Oscar Political Business Cycle

2004-01-02 Thread AdmrlLocke
Speaking of December 2003 and January 2004, in the spirit of all the predictions made each year at this time by media talking heads I'd like to make the following equally insightful predictions: In 2004, the world will experience an earthquake, a flood, and some sunny days. The US Post Office

Re: How do I convince New Agers that not everybody should get the same wage?

2004-01-13 Thread AdmrlLocke
In a message dated 1/13/04 4:08:31 PM, [EMAIL PROTECTED] writes: What would you suggest? How can I demonstrate, in a relatively short period of time, that imposing equal wages isn't the best way to organize the world? I used to do this all the time with my students in history classes at Iowa.

Re: Three Fed tools, which increases money supply over time?

2004-01-14 Thread AdmrlLocke
In a message dated 1/14/04 11:16:54 AM, [EMAIL PROTECTED] writes: In my view, there's nothing like real numbers to get your brain juices flowing. Note the $20-30 million that the Fed pays to the US Treasury each year. Exercise for the reader: why does it make that payment? -gil The

Re: spamonomics

2004-01-20 Thread AdmrlLocke
In a message dated 1/20/04 7:10:03 PM, [EMAIL PROTECTED] writes: AdmrlLocke wrote: People who engage in more sexual activity and alternative sexual lifestyles might feel less embarassed about admitting to auto-erotica than others, so the results might contain a great deal of skew. But should we

Re: spamonomics

2004-01-21 Thread AdmrlLocke
I've seen almost exactly the same distribution. As a first impression, I wonder if the Nigeria scam doesn't employ the same anonymity (from the other side) that recipients of the first three types of emails value. Tracking down a scam online might well prove more difficult than doing so over the

Re: spamonomics

2004-01-21 Thread AdmrlLocke
In a message dated 1/21/04 3:34:42 PM, [EMAIL PROTECTED] writes: I was so ignorant, until last month I thought Paris Hilton was a hotel in France ;-) Paris Hilton is both a hotel in France AND desert topping! (from an old Saturday Night Live skit it's both a floor wax AND a desert topping!)

Re: spamonomics

2004-01-22 Thread AdmrlLocke
Wow, I was going to respond that I've almost never gotten an email for insurance, and then decided not to clutter up the list. When I checked my new mail again, however, I found an ad for insurance! That reminded me that in fact I have gotten many emails, mostly for cheap health insurance.

Re: Women Don't Ask

2004-01-28 Thread AdmrlLocke
Um, who says the male libido decreases over the 20s and 30s? :-D David Levenstam In a message dated 1/28/04 3:05:00 PM, [EMAIL PROTECTED] writes: Following the analogy of price control, any evidence that the group advocating aggressive relationship bargining are the same ones who would

Re: insanity vs. irrationality

2004-03-24 Thread AdmrlLocke
What about the person, like an alcoholic or schizophrenic, who hates his extreme preferences, as they destroy his life? Setting aside the issue of involuntary treatment for the benefit of others, as we really talking only about a case of extreme preference? David Levenstam In a message dated

Re: Private urban green space

2004-08-01 Thread AdmrlLocke
In a message dated 8/1/04 3:45:57 PM, [EMAIL PROTECTED] writes: Economists are not hostile to public goods. Still, knowledge of economics tends to make you more receptive to the idea of the invisible hand and the possibilities of private economic organization. Hence, it makes you more

Re: lotteries and elections

2004-08-31 Thread AdmrlLocke
I've been discussing with my undergradute students the rationality of voting. People might get other benefits from voting besides thinking that their one vote can influence the outcome. Some people feel a civic pride in voting. Others vote to prevent others from telling them they don't have a

Re: lotteries and elections

2004-08-31 Thread AdmrlLocke
In a message dated 8/31/04 8:36:29 PM, [EMAIL PROTECTED] writes: A problem with many of these reasons is that they do partly rely on the illusion that their vote does matter! Expressive voting is not a completely separate issue. Why feel pride in participating in an irrational system? Why not

Re: lotteries and elections

2004-09-01 Thread AdmrlLocke
Dear Michael, I laughed out loud at your concluding sentence. Well said! I've had almost the identical response from one of my undergraduate students, except, being only 18 or thereabout, she exercised the adolescent eye-roll instead. David In a message dated 9/1/04 12:30:02 PM, [EMAIL

Re: Now Bush to win 1.5:1

2004-11-03 Thread AdmrlLocke
In a message dated 11/3/04 6:54:43 AM, [EMAIL PROTECTED] writes: In the end the important question is comparative - are there any other institutions that on average do better? So far direction comparisons between markets and other institutions in the field have favored markets. And real and

Re: personal finances survey

2004-11-12 Thread AdmrlLocke
In a message dated 11/12/04 1:42:43 PM, [EMAIL PROTECTED] writes: What's up with question 32? 52% male and 52% female? Well maybe 4 percent of them were hermaphrodites. I see that at the university where I'm teaching (NOT GMU) they're having a seminar on people who aren't 100% male or

Re: the answer is...

2004-12-16 Thread AdmrlLocke
In a message dated 12/16/04 4:12:28 PM, [EMAIL PROTECTED] writes: The correlation between per-capita state income and Kerry vote percentage is +.70. That makes Bill by far the most accurate of our guessers. If you do a bivariate regression, every +$1000 of per cap income is associated with

Re: the answer is...

2004-12-16 Thread AdmrlLocke
In a message dated 12/16/04 6:52:22 PM, [EMAIL PROTECTED] writes: More rural states vote Republican more and have lower income, education and test scores. - - Bill Dickens Iowa might be an outlier, but as I understand it they're above the national average in per capita income, have one of the

Re: guess the correlation

2004-12-16 Thread AdmrlLocke
In a message dated 12/16/04 2:21:38 PM, [EMAIL PROTECTED] writes: I've calculated the correlation coefficient between per-capita state income and the percent of the vote Kerry got. Guesses? I'll post the answer in an hour. -- Prof. Bryan Caplan I'd guess a positive

Re: Arthur Laffer

2005-02-07 Thread AdmrlLocke
In a message dated 2/7/05 11:46:21 PM, [EMAIL PROTECTED] writes: There's an interesting (to me, anyway) interview with Arthur Laffer here: http://pittsburghlive.com/x/tribune-review/opinion/columnists/steigerwald/s_300457.html --Robert Oh, thank goodness! When I saw the subject line I

Re: Arthur Laffer

2005-02-07 Thread AdmrlLocke
In a message dated 2/8/05 1:13:22 AM, [EMAIL PROTECTED] writes: In a message dated 2/7/05 11:46:21 PM, [EMAIL PROTECTED] writes: There's an interesting (to me, anyway) interview with Arthur Laffer here: http://pittsburghlive.com/x/tribune-review/opinion/columnists/steigerwald/s_3

Re: Laffer Curve

2005-04-18 Thread AdmrlLocke
In a message dated 4/18/05 3:21:40 PM, [EMAIL PROTECTED] writes: I've been reading about Laffer's idea that there is a tendency for revenues to increase with increased taxation up to a point where revenue is maximized.  As one of the class notes on Caplan's site indicates, you can derive

Re: Laffer Curve

2005-04-19 Thread AdmrlLocke
In a message dated 4/19/05 12:43:11 PM, [EMAIL PROTECTED] writes: For what it's worth, I recall a Treasury study in the late 1980s that concluded that the tax cut of 1984 was 95% self-financing. David Do you have a citation for that study (or a copy)? If "95% self-financing" means what it

Re: Laffer Curve

2005-04-21 Thread AdmrlLocke
In a message dated 4/21/05 1:37:25 PM, [EMAIL PROTECTED] writes:   By one measure, there is a big difference,  in per capita GDP taking into account purchasing power parity. From the OECD site, in 1999 the U.S. had a per capita GDP of $33,836. Germany, France, UK, Italy were all between

Re: Laffer Curve

2005-04-21 Thread AdmrlLocke
In a message dated 4/21/05 1:38:10 PM, [EMAIL PROTECTED] writes: And I have a sneaking suspicion that more equitable distributions of income lead to less social conflict and rent seeking and lead to higher growth. Unlike you I can point to some theoretical and empirical studies that back my

Re: Dickens on the Laffer Curve

2005-04-21 Thread AdmrlLocke
In a message dated 4/21/05 12:26:02 PM, [EMAIL PROTECTED] writes: And I have a sneaking suspicion that more equitable distributions of income lead to less social conflict and rent seeking and lead to higher growth. I wonder what the Laffer Curve would have to say about the "tax" rates and

Re: Laffer Curve

2005-04-22 Thread AdmrlLocke
In a message dated 4/22/05 9:55:30 AM, [EMAIL PROTECTED] writes: Quoting [EMAIL PROTECTED]: istribution.   The real question, according to McCloskey, is not why does Germany have only 75% of US per capital GDP, but why does Bangledesh have only 5% of US per capital GDP.   People in the

Re: Dickens on the Laffer Curve

2005-04-23 Thread AdmrlLocke
In a message dated 4/23/05 4:42:26 PM, [EMAIL PROTECTED] writes: Peter C. McCluskey wrote: Mancur Olson claims in his book Power and Prosperity that the marginal income tax rate was effectively zero. The effective taxes were near 100% of what a typical worker in any given position could

Re: Laffer Curve

2005-04-29 Thread AdmrlLocke
In a message dated 4/29/05 2:05:25 PM, [EMAIL PROTECTED] writes: David ([EMAIL PROTECTED]) writes: It's funny, during the 1970s people commonly attributed the excellent rates of economic grown in Taiwan and Hong Kong to the "Confusion work ethic" while completely ignoring the poverty of the

Interest rates and housing

2005-08-16 Thread AdmrlLocke
Are there any armchair economists left? If so, what do you think of the following article? Thanks! David Levenstam George Mason University - Interest rates and housing Bruce Bartlett (archive) August 16, 2005 | Print | Recommend to a friend Last week the Federal

Re: Interest rates and housing

2005-08-18 Thread AdmrlLocke
In a message dated 8/16/05 10:24:56 AM, [EMAIL PROTECTED] writes: The last real estate bottom was in 1990, so if this is another 18-year cycle, the next depression would be around 2008.  So far, the economy is tracking the cycle right on schedule.  In my judgment, the economy is entering the

Re: Interest rates and housing

2005-08-18 Thread AdmrlLocke
In a message dated 8/18/05 11:28:53 AM, [EMAIL PROTECTED] writes: --- Technotranscendence [EMAIL PROTECTED] wrote: there are political cycles too, such as the Presidential cycle.  Yet this doesn't line up with 18-years. Yes, there several cycles going on at the same time. There are also

Re: Interest rates and housing

2005-08-18 Thread AdmrlLocke
In a message dated 8/18/05 11:40:59 AM, [EMAIL PROTECTED] writes: If government has caused a real estate price bubble by artificially lowering interest rates, how can it have an 18-year cycle, David Because real estate construction takes years, and recovery from a downturn takes years. An

Re: Szasz prize

2005-08-24 Thread AdmrlLocke
Woo-hoo! Congratulations Bryan! Does this award come with pecunitary compensation? :-D David In a message dated 8/24/05 3:15:24 PM, [EMAIL PROTECTED] writes: I must gleefully report that I am one of the winners of the 2005 Thomas S. Szasz Award for Outstanding Contributions to the Cause of

Re: Katrina and the Evacuation of the Poor and Infirm: Market Failure?

2005-09-06 Thread AdmrlLocke
In a message dated 9/6/05 8:50:04 PM, [EMAIL PROTECTED] writes: I'm not sure the premise is entirely correct.  About 30% of the (former?) population of New Orleans is below the federal poverty line, yet 80-90% The federal poverty line is just a politically-determined level at one time useful

Re: Real Wages

2005-11-29 Thread AdmrlLocke
In a message dated 11/29/05 11:47:15 AM, [EMAIL PROTECTED] writes: In the inside cover of the principles book by Tollison, Ekelund and Ressler, they show average hourly earnings in 1964 at $11.88. For 2004, they have $15.64. I think they are using 2002 as the base year, but it is not clear

Re: Average State Age

2006-04-27 Thread AdmrlLocke
Dear Tom, Thank you very much for the links. It seems I can find median age, but not mean age. Perhaps nobody calculates the means. David In a message dated 4/27/06 6:07:33 AM, [EMAIL PROTECTED] writes: U.S. Census Bureau is likely to be the best source.  Here’s a link to a table from

Re: Drivers give helmeted cyclists less room?

2006-09-13 Thread AdmrlLocke
This suggests that people might include the safety of others in their utility functions. An alternative explanation might suggest that people include a calcuation of the damages they'll have to pay if they injure someone else. Giving women even more space than non-helmeted men raises some

Re: How to Stop the PlaySation Violence

2006-11-24 Thread AdmrlLocke
I was watching the local news last night as they covered Thanksgiving night shopping stories in the DC metro area. Apparently some stores opened last night to start off the Christmas shopping season and hundreds of people lined up at one store for six hours or more. About 50 people showed

If real median wages have fallen

2007-04-13 Thread AdmrlLocke
Journalists and Democrats blame Republican policies, but I don't know which policies and I suspect neither do the journalists or Democrats. Xenophobes blame Mexican immigrants, foreign competition, and outsourcing of phone jobs to people in other countries. Referring to the same claim made by

Re: Robert Frank and the Real Median Wage

2007-04-18 Thread AdmrlLocke
I have mentioned two factors in response to your earlier emails and got no response, so perhaps my message didn't go through. One factor regards the question of what they're measuring--money wage versus total employee compensation. The non-wage component of total employee compensation has