Archive for the 'Economics' Category

These are the good old days…

At least when it comes to beer!

Take a look at this:



The chart is from Mark Perry.

I do love the beer choices available these days.

The Coming Middle-Class Anarchy

This is an important follow on to the Codevilla piece below. Again, many of you have read this. For some it is just another spot on the internet where you can find it. Please pass it along.

Gonzalo Lira: The Coming Middle-Class Anarchy. A sample:

However, three months later, out of the blue, they got a letter from their bank, Wells Fargo: It said that, after further review, Brian and Ilsa had in fact not qualified for HAMP. Therefore, their mortgage would go back to the old rate. Not only that, they now owed the difference for the three months when they had paid the lowered mortgage—and to add insult to injury, they were assessed a “penalty for non-payment”.

Really go read the whole thing. And all of the addenda.

I’ve saved the posts here in a small effort to make certain this story stays alive.

This might be my new favorite blog…

Rod and Rifles.

A sample:

Bikini and Rod

I’ve known this to be true for a long time…

Boobage Pressure


Philip and Kate

The Clinton Foundation Scandal

While the obvious bribery of the former Secretary of State will be her undoing as a presidential candidate, this really is the bigger scandal: The Clinton Foundation is nothing more than a money laundering operation.

Take a look at this graphic:


The Ace and I were talking about just this sort of thing last night. I had received an e-mail solicitation from a company I’ve done business with in the past to contribute toward earthquake relief in Nepal. I would never funnel my charitable contributions through a third party, I would send my money directly to the charity of my choice. Look at that chart to see why.

Kling’s Three Laws

A good post:

1. Sometimes it’s this way, and sometimes it’s that way.

2. The data are insufficient.

3. The methodology is flawed.

As I’ve aged, I’ve come to embrace this sort of thinking about all the arguments I was so certain of 20 years ago. It is too bad that those that make policy have not learned any humility in their approach to problem solving.

Chris McCandless Starved to Death

I was reminded of the troubled Chris McCandless over at Sailer’s place, where he has a post about the writer John Krakauer.

This post by a guy named Samuel Thayer, makes solid points about McCandless starving to death:

I like to measure my food in calorie-days—the number of days of my full caloric requirement that the food represents. I calculated Chris’s calorie requirement as 3,300 per day based on his age, gender, a body weight of 145 pounds, and heavy physical activity, using guidelines from Grodner et al. (1996). This estimate is rough, and the true figure would depend on many unknowable variables. Still, my point is easily demonstrated: McCandless didn’t have nearly enough food. He began his journey on April 28 with a ten pound bag of rice—which constituted less than five calorie-days. By May 9, he had only killed one grouse and had written “4th day famine” in his journal. The rice was already long gone.


The squirrels that McCandless was eating (Tamiasciurus hudsonicus) typically weigh five to nine ounces (Whitaker, 1996). Using seven ounces as an average, and realizing that after subtracting the skin, tail, head, bones, feet, and entrails, the edible flesh would constitute about 40 percent of that weight, or 2.8 ounces of meat per squirrel. This means that he would have needed to eat about twenty-five squirrels per day to meet his caloric requirement. If he carefully removed and ate the liver, kidneys, kidney fat, heart, lungs, and brain of each squirrel, he would have about doubled the calories that he received from each animal. Since he probably did this to some extent, I estimate that he needed roughly sixteen squirrels to equal a calorie-day.

Go read the whole post, it is fascinating. Thayer says McCandless, if he was eating just wild berries alone, would have to eat something on the order of thirteen pounds of blueberries to meet his daily caloric needs. I can’t even begin to imagine eating that much fruit in one day.

Submarine Cable Map 2015

Submarine Cable Map 2015.


Ferguson home values have plummeted almost 50 percent since Michael Brown’s death

Ferguson home values have plummeted almost 50 percent since Michael Brown’s death.

From the article:

The average selling price of a home in the city has been on a steady decline since the shooting of Brown last August, according to housing data compiled from MARIS, an information and statistics service for real estate agents. Prior to Brown’s death, the average home sold in 2014 was selling for $66,764. For the last three and a half months of the year, the average home sold for $36,168, a 46 percent decrease.

Eric Holder, Al Sharpton and all the others were not available for comment.

Now that last line may be harsh on my part but if you look at the whole Ferguson fiasco, from well before the shooting of Michael Brown through to today, you can not demonstrate how government is helping the citizens of that town.

Government seems to be actively hostile to people that are on the lower end of the wealth and income scale.