Italian economist and engineer Vilfredo Pareto (1848-1923) conjectured that for any population, income naturally follows a log-normal distribution. The normal, or Gaussian distribution ranges from negative to positive infinity with a central mean. Because logarithms are always positive, the log-normal distribution ranges from zero to positive infinity with a positive mean, consistent with there being […]
Income Distribution and Inequality Learn More »
Do you know who Saule Omarova is? She’s President Joe Biden’s nominee to lead the Office of the Comptroller of the Currency (OCC). Never heard of the OCC? It’s “an independent bureau within the United States Department of the Treasury that … serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign
The next time you see thousands of illegal aliens massing at the border demanding to be allowed to enter, or marchers demanding more of your tax dollars to pay for their wants and needs or politicians insisting you owe it to others to pay for their necessities in life, remember these two words: Cloward Piven.
Illegal Aliens, Socialist Democrats & Cloward-Piven Learn More »
We’re told global warming gives us only 5, 10, 12 more years (depending on the doomsayer) before the planet is irretrievably doomed. “Therefore, act now!” alarmists demand. Of course, they’ve been saying the same thing for 10, 20, 25 years. It’s become impossible to spoof these people… Rep. Alexandria Ocasio-Cortez’s socialist Green Deal is so
Socialist “Green New Deal” Laughably Ridiculous Learn More »
Recently when I posted an item to Facebook that applauded America’s growing economy under President Donald Trump, a friend challenged the notion that economic growth is a good thing. He and I have discussed the subject various times. He thinks that for countries already as wealthy as the United States growth is bad because it entails
Should Government Take Steps to Curb Acquisitiveness? Learn More »
James Baker, chief of staff to Ronald Reagan and secretary of state under George H.W. Bush, and George Schultz, secretary of state under Reagan, have endorsed a “carbon” tax plan that is just plain wrong from the git-go. Stephen Moore explains why in “The Carbon-Tax Scam,” but here’s the gist: Even if it succeeded in
What’s Wrong with a “Carbon” Tax? Learn More »
For generations economists have recognized the “problem of the commons.” The phrase harks back to when villagers all shared a common pasture. The natural incentive for each villager was to graze as many livestock on it as he could, because if instead he restricted his herd so the demand on the pasture’s grass growth was
What’s the Problem with the Commons—in Environment and Health Care? Learn More »
Of course young people like Bernie! He promises them free college, free health care—free, free, free. But why don’t these young people understand TANSTAAFL (“There ain’t no such thing as a free lunch”)? I’ll tell you. Their mistake is perfectly understandable. For eighteen, twenty, maybe twenty-five years or more practically all they’ve consumed has been
Why are Young Americans Flocking to Bernie? Learn More »
Does the Bible validate private property in land, or does it require that land be communally owned? With Vermont Senator Bernie Sanders, a self-professed socialist, doing surprisingly well in the Democratic Presidential primary campaign, such thoughts become increasingly common. Someone recently wrote: It seems to me that a theology that takes Creation as evidence of a
Does the Bible Require Common Ownership of Land? Learn More »
Don’t ever let anyone tell you that redistribution of wealth isn’t a major part of the agenda for the global warming alarmist crowd. Here’s a graphic prepared by ALBA, the Bolivarian Alliance for the Peoples of Our America, which Wikipedia describes as “an intergovernmental organization based on the idea of the social, political and economic integration
Environmentalists Claim “Just Solution” to Climate Change is Wealth Redistribution Learn More »
