Index of Articles

By
Economics of Inflation/Deflation/Aggregate Demand etc.

 Economics (other)

 Economic data/statistics
The U.S. Debt/Deficit

 Law and Politics

 Miscellany

 Temporal Articles

Popular posts from this blog

Country Shares of World GDP

By
Image
Here's a chart of world GDP, broken down by country share. ( HT: Carpe Diem ). Careful with the x-axis, it is not at all to scale! The basic idea is that India and China had large shares pre-industrial revolution, after which Europe rose. The U.S. shoots up, to over 40% of world GDP by 1950. Then, Japan begins to grow in the 1960s, and China in the 1980s. Suppose countries end up with GDPs proportionate to their populations. What would that picture look like? I've added a bar to the right, showing the break-down of world-population. Look at the U.S. squished down, with less that 400 million out of a world population of over 7,000 million. The biggest change is in the previously un-noticed 'rest of the world". If Africa, the Middle East and so on moved toward freedom, that could be the story of the century.  What if they do not? Here's a chart with a new assumption. Suppose the "rest-of-world" does not increase its relative s...
Read more

Playboy vs. National Review

By
It is traditional to think of magazines like Playboy as corrupting of morals. Yet, there's no comparison to magazines like the "National Review". The wrong moral and political ideas can cause far more harm than viewing nudes. Even Venezuela's dictator Chavez realized that the "wrong ideas" about life and philosophy can be more "corrupting" than a little nudity . A while back The Simpsons were ordered off the air, to be replaced by Baywatch!
Read more

Metric system or Base-12 ?

By
The metric system (base-10) is easier to remember than older systems. Every unit is uniformly 10 times more than the next smaller one. Or 10, 100, 1000 times, if we consider only important ones. Also, by using prefixes like "kilo-" there are less words to remember. We use it in "kilogram", "kilometer". For length, we just remember "meter" and apply the prefixes. We don't have to remember: "inch", "foot", "yard", "furlong", etc. However, the older systems came about for a reason and do not pooh-pooh our ancestors for using Base-12 systems. They makes it easy to get "a quarter", "a third", or "half". If things were sold by "the tens", the green grocer could give you "a half", but couldn't give you "a third" or "a quarter" without cutting up some fruit and vegetables (or eggs). I was reminded of this recently, while watching a tu...
Read more