Tag Archives

Archive of posts published in the tag: Mark Perry

Inequality is a demographic not an economic problem

from Mark Perry at Carpe Diem, Sorry Krugman, Piketty and Stiglitz: Income inequality for individual Americans has been flat for more than 50 years MP: This is a very important finding that: a) individual income inequality has been flat for more…

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we have much more in common with one another than we dare to realize.

Economist Mark Perry writes in his blog Carpe Diem, Evidence shows significant mobility in income and affluence – 73% of Americans will be in ‘top 20%’ for at least a year: Excerpts: quoted from Mark Rank from the New York Times,…

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Inequality is in the Eyes of the Beholder

Donald Boudreaux wrote an excellent piece Questions for redistribution’s proponents: A few gems: • While Dr. Smith earns more money than does poet Jones, poet Jones earns more leisure than does Dr. Smith. Do you believe leisure has value to…

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An Unlikely Stimulus of Efficiency

  from Mark Perry at his blog Carpe Diem, The current state of the US economy explained in one chart: The fact that the US economy is producing 5.6% more output now than in 2007 with 2 million fewer workers…

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The Real Minimum Wage

Kevin Williamson adds some clarity to the minimum wage debate in The Minimum-Wage Myths in The National Review Online. Excerpts: The purpose of this fight is not to hash out economic questions related to low-income people. The purpose of the fight…

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Disappearing Middle Class

Economist Mark Perry analyzes why the disappearing  middle class is not necessarily a bad thing.  It is because they are entering the upper class , not because they are falling into the lower class. From his post,Yes, the middle-class has…

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Taming American Capitalism

Thomas Hemphill and Mark Perry write The Myth of ‘Cowboy Capitalism’ in The American, 3/3/13. Excerpts: The Code of Federal Regulations (established in 1938) is where all the administrative rules of U.S. federal agencies are compiled; American businesses, employees, and…

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Other Forms of Gender Inequality

Christina Hoff Sommers writes Lessons from a Feminist Paradise on Equal Pay Day in The American, 4/9/13. Excerpts: Generous parental leave policies and readily available part-time options have unintended consequences: instead of strengthening women’s attachment to the workplace, they appear…

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The Government Mandates Higher Gas Prices and then Blames Oil Companies

  from Bloomberg Businessweek,  Why Abundant Oil Hasn’t Cut Gasoline Prices by Asjylyn Loder, Mario Parker, and Matthew Philips on March 28, 2013 excerpt: This year, the law requires U.S. refiners to blend 13.8 billion gallons of ethanol into the fuel…

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Compulsory Unemployment

From the Ludwig Von Mises Institute, Outlawing Jobs: The Minimum Wage, by Murray Rothbard: Excerpts: In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period. The law says: it is illegal, and therefore…

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Kennedy Vs Krugman

 In The New York Times, Nobel prize winning fool (a growing breed) Paul Krugman writes the Twinkie Manifesto, 11/18/12. In the article Krugman suggests we return to the tax rates of the 1950 when the highest bracket was 91% and…

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Housing Sanity is Just Due North

Economist Mark Perry writes in The American in 2/26/2010 Due North: Canada’s Marvelous Mortgage and Banking System. Excerpts: And this recent financial crisis isn’t the first time that Canada’s banking system showed greater signs of stability and less exposure to…

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Oil and Onions

In Carpe Diem ( a daily read for me) economics professor and blogger Mark Perry writes What Can Onions Teach Us About Oil Speculators?. 4/22/12 The two critical points made by Perry Futures trading in onions was banned in in…

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Structural Unemployment

Mark Perry analyzes the current Bureau of Labor Statistics unemployment data is his blog, Carpe Diem, a required daily read for me. Excerpt from Interesting Facts from Today’s Employment Report, 1/6/12: The unemployment rate for workers with a college degree…

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An OWS Reader

Wall Street was targeted presumably because the marchers think that they are getting away with crimes against the people and they profit at the expense of others’ misery. Bernie Madoff was sentenced to 150 year in prison. Jeffrey Shilling from…

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More On the Stagnant Income Myth

I have posted several excerpts from Alan Reynold’s Income and Wealth, a comprehensive look at a more accurate inclusion of factors omitted or distorted by those claiming that middle class incomes have stagnated for 30 years. Excerpts from Rebel Yid…

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Our Economic Problem in One Chart

Read more in Mark Perry’s Carpe Diem Two Americas: Public vs. Private Employees

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An Educated Lack of Vision

One of the reasons I am skeptical of global warming/ climate change apocalyptic scenarios is  that throughout history such predictions have almost always proven wrong. Thomas Malthus (1766- 1834) was actually correct when he suggested that population growth would be…

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Throwing In the Towel

In December of last year I posted at this blog The Second Wave of Unemployment.  An excerpt from that post: Those of us who took a wait and see approach will generate another wave of layoffs. It will not be…

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