Monday, May 06, 2013

Monday's Child is Full of Links

1.  What if they didn't have a prom, and everybody came? 

2.  An American success story.  Hotness!  Maybe if we just relied on foreigners, instead of lazy Americans, we'd have more American success stories.  Let's trade California for Vietnam, and call it even.

3.  You are not allowed to use your money to affect public opinion...if your opinions differ from mine. Otherwise, it's cool.

4.  On Dr. Sowell, and what's "possible."

5.  Anonyman claims he IS, in fact a hipster, sort of, if you squint and have had several drinks and it's near closing time.  As evidence he reminds us on the Simpsons episode on artisanal donuts...and power.   He's got a point:  Anonyman is a LOT like that cop who asks twice a day, "What have I become?"




6. Speaking of Artisanal Nuclear Power...

7.  Google Translate is good.  But it's not great.

8.  You probably saw this.  My rule is that there should be some tolerance for racism/sexism/bigotry if (a) the person is clearly trying to be funny and (b) if the person succeeds and it IS funny.  (I am paraphrasing the Camille Paglia rule of humor, by the way).  I don't think he was trying to be funny, and it wasn't funny.

9.  Anonyman may be going through a phase.  He may go into "affinity marketing" and move to Williamsburg.  (The one Brooklyn, not the colonial one.  Not near enough irony in the colonial one.  Ick.)  As for me, I could never be a hipster, no matter how much I tried.  I wore work boots...to work.  They had to be steel-toed, because I worked in a lumber yard.  Hipsters shower before work (if at all).  I had to shower after work.  Not really sure why pretending to be working class is cool.  I do know that lots of working class folks would be happy to have a hipster's trust fund, and trade places.  How's THAT for irony?

10.  Renan sends this map:  Developing/industrializing nations with a constitutional guarantee of a "free market."  Hard to see a pattern.

11.  I do feel bad for poor Reese Witherspoon.  She tried that whole "I'm an American citizen" thing, and it didn't go well for her.  You actually do have to do what the police tell you, ma'am.  The only reason you didn't know that is that you are not poor, and rarely have to deal with the pointy end of the spear.

12.  Slaves to the algorithm...

13.  Frampton comes again...suing for back pay, even though he was in jail.  I'm afraid I don't see this turning out well for him.  It may be that he did not get normal due process.  But if you are in jail on a felony conviction, in another country, the university has every right to suspend you without pay.

14.  What caused colony collapse?  No one really knows.  What saved us from colony collapse?  Capitalism.  I wrote about this once.  It's an interesting problem:  should beekeepers pay owners of nectar, or should owners of plants that need to be pollinated pay beekepers?  The answer....depends, but it's not what you think...

15.  Carbon democracy (!)

16.  The U.S. is not a democracy, and shouldn't be.  It's a constitutional republic.  Even when it comes to guns.  And Barry Snell has some thoughts on that.  Phone call for Prof. Joel Rosch...








Sunday, May 05, 2013

Money buys happiness, at the margin



Subjective Well-Being and Income: Is There Any Evidence of Satiation? 

Betsey Stevenson & Justin Wolfers 
NBER Working Paper, April 2013 

Abstract: Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple datasets, multiple definitions of "basic needs" and multiple questions about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear-log and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it.

Nod to Kevin Lewis

Broken Windows and Giving Away Money

Grand Game!

Apparently, it doesn't matter how much we tax, as long as give the money away.  Because the people who receive the money will be made better off.

You can read it yourself!

A nod to EM

Saturday, May 04, 2013

Art Imitates Life, or is it the other way 'round?

Art:



Is that rat tart? DIS-gusting. Life:

http://www.foxnews.com/world/2013/05/03/smell-rat-chinese-ring-sold-rodent-meat-as-mutton/
Nod to GWS, with thanks.

Friday, May 03, 2013

Annals of strange co-authorships

Did you know Maya Angelou wrote a kids book with J. M. Basquiat? Me neither.

Here it is, your moment of Paco:


Economic Freedom, Politics, and Problems


Economic Freedom of the World: An Accounting of the Literature 
 Joshua Hall & Robert Lawson
Contemporary Economic Policy, forthcoming

 Abstract: The Economic Freedom of the World (EFW) index was first produced by Gwartney, Block, and Lawson (Economic Freedom of the World: 1975–1995; 1996) and has been updated annually since. During this period, the EFW index has been cited in hundreds of academic articles. Here, we provide an accounting and description of this literature. Of 402 articles citing the EFW index, 198 used the index as an independent variable in an empirical study. Over two-thirds of these studies found economic freedom to correspond to a “good” outcome such as faster growth, better living standards, more happiness, etc. Less than 4% of the sample found economic freedom to be associated with a “bad” outcome such as increased income inequality. The balance of evidence is overwhelming that economic freedom corresponds with a wide variety of positive outcomes with almost no negative tradeoffs.

The Impact of Political Cycle: Evidence from Coalmine Accidents in China 
 Huihua Nie, Minjie Jiang & Xianghong Wang
Journal of Comparative Economics, forthcoming

Abstract: This paper examines the impact of political cycle on coalmine accidents in China. The political cycle is formed by the major local meetings of legislative bodies held every year in all provinces of China. This is because the government has a strong incentive to maintain social stability during the meetings and to focus on economic growth in other times. We test how such cycles affect coalmine fatality using monthly data at the provincial level between 2000 and 2010. We find that the number of accidents and casualties were significantly lowered during the local events of “two sessions” after controlling for other time fixed effects. The temporary reduction of accidents seemed to have been achieved by controlling production rather than by improving safety measures. The magnitude of the cycle for accidents is enlarged in provinces where media exposure is stronger and where the vice governor in charge of safety is faced with a possible extension to another term in the current post.

****************
Nod to Kevin Lewis


Painfully Earnest Hipsters Spouting Nonsense



The saving grace of hipsters is their self-conscious irony in actually advocating FOR anything.

This video is hilarious because it shows why hipsters need to be ironic. It's because when it comes to actual policy questions, their (unfinished) humanities majors didn't really teach them how to think about policy questions.


It appears that they are upset that a pipeline carrying "fracked gas" will pass under the New York.  Dude.  If there is a gas leak, the fact that it is fracked will be the LEAST of your problems.  And the video about being able to light your faucet on fire?  That's because of the proximity of a well to a gas deposit in the ground.  It's not likely that proximity to a gas PIPELINE is going to allow gas to travel through the gas pipe, through the ground, through the water pipe, and into your kitchen in that sweet minimalist loft you are subletting in Williamsburg.

Even if the gas is that magical evil called "fracked."

I watched it twice, and I'm still not totally convinced it isn't a hoax.  But the self-righteous indignation, if it is faked, is pure genius.  And if it is "real" (note hipster air quotes), then ....wow.

Nod to Anonyman, who--though he has faults--has never, ever been called a "hipster."