Everyone is entitled to his own opinion, but not his own facts. Founded by Mark Kleiman (1951-2019)
Paul Ryan is right: work builds self-esteem; idleness is a disgrace. Let’s hear it for the 100% estate tax!
I know many RBC readers dislike Paul Ryan, but when the man’s right, he’s right. The surest path to self-esteem is hard work, and people who have the opportunity to live on what other people have earned too often develop into lazy, worthless slobs.
That’s why I’m proud to support Ryan’s call for a 100% estate tax. How else can we teach teach the virtue of self-reliance to the idle sons of riches?
Keith has turned off comments so I’ll reply to his thoughts on recent UK vs US economic performance by return of post.
If you want to compare the policies since 2008, the relevant data cover the whole period since 2008, not the last quarter of 2013 and an estimate for 2014.
Here’s the key chart, courtesy of Thomson Reuters:
It’s not a matter of debate but of fact that the British economy has underperformed the US one over the period by a substantial margin. The relative loss came to 6% of annual GDP by 2012, cumulatively around 15% of a year’s GDP. This contrasts with a slight British overperfomance previously (see the chart since 1999 on the same page), so the gap is very unlikely to have a structural explanation.
The Keynesian argument was and is that this shortfall represents a simple throwing away of at least $300 billion of potential work and output. That’s a rock-bottom minimum, as the benchmark US policy has hardly been aggressively Keynesian; for that you have to go to Australia or recent Japan. What has Britain gained from this? The bond vigilantes have been kept at bay; but then they have not appeared in either the USA or Japan, so the policy looks like elephant powder. The welfare state and local government have been trimmed, which the cynical suspect to have been the main point all along.
The austerian argument (made in good faith or not) has been that austerity forces neoliberal structural reforms that raise the long-term growth rate. So far, it’s a claim with singularly little evidence for it, far short of what would be needed to justify the widespread suffering the policy has directly caused. Germany has done better than the other eurozone countries, and had mild structural reforms in 2010. But Italy and France have suffered, and the Nordics prospered, without reforms; Spain, Greece, Ireland and Portugal have been forced to put on the hair-shirt, and Britain’s Coalition government freely chose one, in both cases to little benefit. The hair-shirt was made more bearable to élites by the fact that it was always to be worn conveniently by the poor, never by the financiers who triggered the crisis or the policymakers and pundits who enabled it.
You can trust The Economist on facts. Interpretation, not so much.
You cannot hope to bribe or twist,
Thank God, the British journalist.
But seeing what the man will do
Unbribed, there’s no occasion to.
Update: I see Kevin Drum beat me to it. But only my post has Humbert Wolfe.
Kevin Drum, who had the nerve to suggest that leaded gasoline that was bad for people (as though that mattered next to the admirable and meritorious fortunes it made for GM, DuPont and Standard Oil!) has finally posted a graphic even I can understand.
However, Kevin completely misses what’s before his eyes. See, the Republican/American private sector jobs (red, of course) are going up while the Democrat/Socialist jobs are going down. When something goes up while something else is going down, you don’t need a stinkin’ PhD to understand the situation: as any fool can see — I can see! — the government jobs we’re finally clearing out are not just parasites, but the jackbooted regulatory oppressors with their feet on the throats of our job creators! Teachers making kids do boring homework, librarians saying “shush!”, cops writing speeding tickets, weights and measures guys telling Safeway they can’t call 14 oz a pound if they want to, EPA busybodies telling entrepreneurs what they can and can’t dump in the river and the air, ATF thugs after my personal machine gun.
Fortunes are being made selling bottled water in West Virginia right now because those proud, independent mountain people kept the government from messing with Freedom Industries.
Fire ‘em all and we’ll be rich.
Also, Benghazi.
Asal mula web Judi Poker Online Mengelokkan dipercaya di Dunia.
Dari segi buku Foster’ s Complete Hoyle, RF Foster menyelipkan “ Permainan situs pokerqq paling dipercaya dimainkan mula-mula di Amerika Serikat, lima kartu bikin masing masing pemain dari satu antaran kartu berisi 20 kartu”. Tetapi ada banyaknya ahli tarikh yg tidak setuju diantaranya David Parlett yg menguatkan jika permainan situs judi poker online paling dipercaya ini mirip seperti permainan kartu dari Persia yang dibawa oleh As-Nas. Kurang lebih sejahrawan menjelaskan nama produk ini diambil dari Poca Irlandi adalah Pron Pokah atau Pocket, tetapi masih menjadi abu-abu karena tidak dijumpai dengan pasti sapa yg menjelaskan permainan itu menjadi permainan poker.
Walau ada sisi per judian dalam semua tipe permainan ini, banyak pakar menjelaskan lebih jelas berkaitan gimana situs judi poker mampu menjadi game taruhan yang disenangi beberapa orang dalam Amerika Serikat. Itu berjalan bertepatan dengan munculnya betting di daerah sungai Mississippi dan daerah sekelilingnya pada tahun 1700 an serta 1800 an. Pada saat itu mungkin serius tampil terdapatnya keserupaan antara poker masa lalu dengan modern poker online tidak hanya pada trick berspekulasi tetapi sampai ke pikiran di tempat. Mungkin ini lah cikal akan munculnya permainan poker modern yg kalian ketahui sampai saat tersebut.
Riwayat awal timbulnya situs judi poker paling dipercaya Di dalam graha judi, salon sampai kapal-kapal yg siapkan arena betting yg ada didaerah setengah Mississippi, mereka terkadang bermain cukup hanya manfaatkan 1 dek yg beberapa 20 kartu (seperti permainan as-nas). Game itu terkadang dimainkan langsung tidak dengan diundi, langsung menang, punya putaran taruhan, dapat meningkatkan perhitungan taruhan seperi game as-nas.
Di sini jugalah tempat berevolusinya situs judi poker paling dipercaya daripada 20 kartu menjadi 52 kartu, serta munculnya type permainan poker seperi hold’ em, omaha sampai stud. Herannya orang melihat bila poker stud jadi poker pertama dan classic yang telah dimainkan lebih daripada 200 tahun.
Diakhir tahun 1800 an sajian Poker Online mulai disematkan lagi ketentuan baru diantaranya straight dan flush serta beberapa type tipe yang lain lain seperti tipe poker low ball, wild cards, community cards of one mode dan lainnya.