I find very intriguing the right hand side of the chart (HT to Mark Perry @ Carpe Diem). What do you think explains this? Your answer should to some degree use the 2nd Law of Economics: Incentives Matter! And be nice please….
Archives
-
Chart of the Day–Longest tenured jobs
23 Sep 2014
-
We often debate the role of government in the economy, with most of your Berean bloggers taking a skeptical view of government beyond the biblical role of avenger of evil that God calls out in Romans 13. Government is an institution that, while populated by people marred by the fall, is nevertheless ordained by God […]
-
Mr. Obama used his weekend address to try and refocus attention away from disastrous foreign policy news and to something that can motivate his base. Even Democrats are attacking his “hands off” approach, with Senator Dianne Feinstein calling him “too cautious.” So its only natural that Mr. Obama would like to change the subject. […]
-
It’s a Whopper of a tax bill!
26 Aug 2014
Breaking financial news today is Warren Buffett’s financing of Burger King’s buyout of the Tim Horton restaurant chain. As part of this transaction, Burger King will move its corporate HQ to Canada, known as a Tax Inversion. Tax Inversions are increasingly popular with U.S. based companies, while being increasingly unpopular with U.S. politicians, since the […]
-
John Cochrane is a tremendously talented economist and professor of finance @ Chicago’s Booth School of Business. He’s probably forgotten more arcane financial reasoning than I know; but that doesn’t stop us from critically examining his thinking. In today’s WSJ, Mr. Cochrane cheers the Fed’s balance sheet expansion as a good thing for the economy. […]
-
Moving to the Left–Why it is essential to Love God with all our Minds, as well as our Hearts
26 Jul 2014
In Wednesday’s Politico, Thomas Ricks writes about how he is turning left politically mid-life, outlining a growing disillusionment with American military, government and economic results. Much of his criticisms I don’t fault, such as his specific criticisms of how and why we fought in Iraq (a subject I won’t delve into here). But he also […]
-
The heart of Crony Capitalism is privatizing the gains while socializing the losses. Both Republican and Democratic administrations, whether they intend to or not, routinely support such cronyism. They usually only differ in who their cronies are, and how much cronyism they like, and the rationale for supporting cronyism. For the most visible current example […]
-
Elizabeth Warren came out with her 11 Commandments today. For some reason I think 10 Commandments would be better. But in any case, here they are, with this Berean’s counter following in italics: “We believe that Wall Street needs stronger rules and tougher enforcement, and we’re willing to fight for it.” Bereans believe that […]
-
Ok, the title line is intended to shock you a bit. But the point is culturally the left has taken a bad thing biblically (treating people badly solely on account of race) and extended it to mean that any unequal treatment of anybody for any reason is bad. And that is preposterous. Not only is […]
-
Is Derek Jeter white or black? Who Cares!
16 Jul 2014
Last night was bittersweet for me; the final time to watch Derek Jeter in an all-star game. Yes, I am one of those die-hard Yankees fans; I was born in upstate NY, and when playing little league I played for a team called the Rison Yankees, so when it came time to pick a team […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach