This core question — How much should the government use its power to tax and spend to redistribute wealth in pursuit of a more equal society? — has been at the root of ideological clashes around the world and throughout history. Yet in American politics in recent years, it has manifested itself in a narrow, partisan debate over whether the top marginal income tax rate should be 35 percent or 39.6 percent.
The result: as of 1900, immigrants were actually in higher-paying positions than natives in most states. In some states, immigrants were in occupations that paid as much as 20 percent (or even, in New Mexico, 40 percent) more than the occupations natives held:
Hm. Did not know that.
Again, I think the ZLB debate is becoming moot for the U.S. economy. But this discussion highlights why I believe greater use of fiscal policy over the past few years would not have heralded a stronger recovery.
David Beckworth’s comments on Ben Bernanke’s blogpost. He would’ve liked to see a regime shift to NGDP targeting.
In fact, celebrity narratives are so pervasive, with so many being generated, that they have subordinated other narratives and commandeered other media, until one could argue that life itself has become the dominant medium of the new century, and celebrity its most compelling product.
5) vox.com: The 3 laws of social science
Am Ende droht dem Konzern eine Milliardenstrafe – nur mit welcher Begründung? In den Suchergebnissen waren einige Websites nicht deutlich genug zu sehen? Hat die Welt darauf wirklich gewartet? Ist das die wichtigste Diskussion über Google: wo genau der Link zu Ciao.de steht?
Die haben halt sonst nix zu tun. ¯\_(ツ)_/¯
8) vox.com: Why the Myers-Briggs test is totally meaningless
Jesus. Reminds of these weird questions people ask you that have 0 science behind them, too.
Struggling well—facing, embracing, and overcoming one’s struggle—and struggling poorly—escaping, replacing, and ignoring one’s struggle—is one of the greatest and most necessary disciplines that we must master if we are to live, prosper, and blossom.
I’m never quite sure whether I agree with Umair Haque, but I really like to read his thoughts – often phrased so general that I can relate somewhat somehow. Well, his advice: “Breathe. Look up. See the mountain. Accept the gift.”
10) indiskretionehrensache.de: Google Streetview – eine Fallstudie für die Folgen der deutschen Technophobie
Wie beim Waldsterben. Ich habe das ganze damals auch sehr entgeistert verfolgt.