something sometimes happens
Joined November 2021
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Throwing more money at public schools, even doubling teacher salaries, has virtually no effect on student outcomes.
Jun 12
Elon Musk: Trillionaire
Jeff Bezos: Billionaire
Public School Teachers: Can anyone help me get some pencils for my students?
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paleoneoliberal retweeted
How are you people this bad at thinking? Hospitals will pay what they need to pay to get the janitors they need. If they need to pay janitors enough to get them to commute from 2 hours away, they will.
They will pay what they need to pay to get surgeons, but you need to pay a surgeon a lot more to compensate him for a 2-hour commute than you need to pay a janitor. And the consequences of a surgeon not being well-rested are much worse than the consequences of a janitor not being well-rested.
Using rent control to ensure that the janitor has a short commute instead of the surgeon increases health care costs and reduces quality.
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paleoneoliberal retweeted
Jun 13
Short version of many great points. If you redistribute wealth in order to support consumption, you get no wealth -- no savings, investment, factories, etc. Poor people will not leave 99% of their new wealth invested in productive capital as billionaires do.
Jun 13
And another thing that’s related…
Wealth / income is stupid for another reason and it’s under-appreciated and under-discussed. The super rich are not about to consume (e.g., buy 14% of everything) more than a tiny fraction of their wealth. Consumption inequality is way lower than income or wealth inequality (another way of saying the rich save/invest more). What a rational re-distributionist wants to re-distribute is consumption because they care about the poor and middle class living better. That’s actually harder to do than you think. When you move some wealth from the super-rich to others, and the super-rich don’t change their consumption, because barring gigantic confiscation (don’t give comrade Zuc any ideas) they don’t have to, you don’t just magically get more goods for the whole world to consume. On the other hand, because their MPC is higher, it is far easier to redistribute from say the middle class to the poor (you cut their wealth and they will consume less), which is essentially one big reason why Europe is more regressive than the USA. This is not a nefarious plot it’s just “maths.” Unless you think all “maths” are a nefarious plot.
Oh, I stipulated a “rational re-distributionist” above. What is an irrational re-distributionist? Funny you should ask. It’s one actually not trying to make the poor (and maybe the middle-class) better off, but one just filled with hate who just wants to hurt the rich.
Guess which one the French Socialists and their Stiglitz back-up singer are?
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The non-neutrality of money and ABCT are important insights, but focusing too much on Cantillon effects is misguided. Who receives the "new" money first does not matter very much.
worthwhileblog.ca/2012/12/04…
Jun 7
Reposting as I don’t understand why you’d enter the fray on ABCT and planning and think this.
Cantillon is the logical foundation of Mises-Hayek ABCT as well as planning critiques as they are where the SR LR. non neutrality of money comes from.
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Bibliography from the great monetary injection debate:
moneyness.ca/2012/12/the-gre…
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paleoneoliberal retweeted
Leftists should be more celebratory when an African immigrant succeeds and achieves the American dream.
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paleoneoliberal retweeted
Which type of immigrants you get is crucial.
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In market economies, people become billionaires (or trillionaires) precisely by doing something that benefits others (many others).
One might point out that many wealthy people became wealthy through non-market means such as government contracts, rent-seeking and state-provided monopolies, but that is an argument for less government involvement and regulation.
Jun 12
Imagine if Elon Musk did something to benefit others with his trillion.
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Jun 13
The beauty of international trade is precisely the ability to benefit from foreign labor without even having to see a foreigner, let alone accept the externalities of their behavior.
Jun 12
Your car is German. Your pizza is Italian. Your democracy is Greek. Your coffee is Brazilian. Your movies American. Your shirt is Indian. Your electronic Chinese. Your numbers Arabic. Your letters are Latin. And you complain your neighbor is an immigrant! Pull yourself together.
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paleoneoliberal retweeted
Western Europeans lived for more than a millennia under a culture that dictated saving resources to form monogamous relations with non-kin.
Africans lived for more than millennia under a culture with tribal polygyny and low investment in children.
It really is that simple.
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Jun 12
Employment rates among adults in Belgium by origin
Jun 12
Ik kreeg veel vragen om mijn arbeidsmarktanalyse van de nieuwe Statbel-cijfers naar herkomst op te delen naar geslacht. Wel, dit is de werkzaamheidsgraad van mannen en vrouwen naar herkomst. Hierna volgen dezelfde uitsplitsingen voor de werkloosheids- en inactiviteitspercentages.
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Jun 11
Comparisons of rape rates between countries can be misleading due to significant differences in legal definitions and reporting practices, but in every European country, African and Muslim immigrants are drastically overrepresented among perpetrators.
Jun 11
Let me get this straight
> the UK went from one of the safest places on earth to the rape capital of Europe
> rape gangs have not only gone unpunished, in some cases the police actively joined in
And yet the politicians who allowed this to happen are still in office!?
When is enough enough?
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Jun 11
Yes, that's exactly why it's called "The Economist's Fallacy".
(h/t @arctotherium42)
Jun 11
When economists were asked if Americans would be better off with more low skilled immigrants being allowed to legally enter the country, they said yes by a 6-1 ratio. On skilled immigration, it was 100%. But chuds disagree, they have their own indigenous ways of knowing.
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Jun 11
Meanwhile, integration in France and Germany:
Jun 11
Inclusion Consultant Siobhan Cullen on local radio talking integration.
She lists France & Germany as examples of successful integration after mass 3rd world immigration.
She also thinks the native populations have to change to suit immigrants because of "International Law".
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Jun 11
Not only are non-Western immigrants not funding pensions, but they make the problem worse because they are themselves a significant fiscal drain, possibly throughout their entire lifetimes (they have lower employment rates than natives, retire earlier and collect a lot of welfare benefits).
They also overwhelmingly vote for socialist parties with the most retarded economic policies, which further increase public debt and harm economic growth.
Jun 10
Immigrants are extremely important to funding pensions, which is why instead of funding pensions the public treasury is going towards public housing for immigrants, benefits for immigrants, and subsidizing the wages of immigrants.
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paleoneoliberal retweeted
Jun 10
As a Japanese watching the UK right now, I have one simple question.
A Sudanese asylum seeker just tried to behead a local man in Belfast. The victim lost an eye.
This comes after years of grooming gangs raping thousands of British girls — gangs that police and councils deliberately ignored because they were afraid of being called racist.
In Japan, even one case like this would have triggered national outrage and immediate policy reversal.
But in Britain, the conversation is still about “not being far-right.”
British people, at what point does protecting your own children become more important than protecting your reputation?
We genuinely do not understand this.
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Jun 10
While real laissez-faire capitalism has indeed never been really tried, to the extent that it has been implemented, it has been impressively successful.
Jun 10
"Real capitalism has never been tried🤓☝️"
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Jun 10
Scandinavians in the US are wealthier than Scandinavians in Scandinavia (data from 2013).
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Jun 10
The gap would be much smaller if it weren’t for the excessive social democracy in Scandinavian countries (especially in the '70s and '80s).
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How exactly do you “vet” someone from a country like Sudan that doesn’t have filing cabinets?
And you’re not testing IQ, mental health, or capacity to integrate. So what exactly is “enhanced vetting”?
Empty words.
Be careful how you respond to events in North Belfast. It's reasonable to support protests that call for realistic number controls, enhanced vetting & integration measures for migrants. Not indiscriminate protests that tar all migrants with one brush.
Know before you protest.
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